Tag Archives: IGT

IGT confirms Walter Bugno’s executive departure

IGT Plc has confirmed that long-term executive Walter Bugno has resigned from duties as the NYSE technology group’s Executive Vice President of New Business and Strategic Initiatives.  This morning, IGT notified investors that Bugno had chosen to end his 11-year tenure with the company to ‘pursue new professional opportunities‘ and will resign from all leadership duties on 14 May. A …

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IGT downsizes board following departure of Beatrice H Bassey  

IGT Plc has informed investors that Beatrice H Bassey has chosen to retire from all duties as an independent director of the NYSE gambling technology group.  The former General Counsel and Compliance Officer of emerging markets private equity fund Atlas Mara, Bassey had joined the IGT board in March 2020, a month prior to the escalation of the COVID-19 pandemic …

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IGT lottery growth wiped-out by COVID wrecked global gaming unit

IGT Plc states that it has achieved strategic progress on key corporate directives, assisting with the technology group’s performance recovery once stable trading re-emerges.  Publishing its full-year 2020 results, IGT has recorded corporate revenues of $3.1 billion, down 23% on corresponding FY2019’s results of $4 billion. Mirroring industry competitors, the NYSE-listed gambling technology group underlines significant COVID-19 headwinds impacting its …

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IGT and MGA Games lead the way in Italy and Spain on SlotJava

SlotJava

International Game Technology (IGT) was one of the big winners at an online awards show hosted by igaming affiliate Infinileads SL, which was put on to recognise the most popular slot developers and slot titles across the company’s SlotJava brands in 2020. The prizes were determined by the total number of free plays across more than 1,700 slots from over …

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FanDuel makes Atlantic City sportsbook debut with Bally’s AC

Gaming company FanDuel Group has announced the launch of its Sportsbook at Bally’s Atlantic City Hotel and Casino, in cooperation with Bally’s Corporation. The launch is the first capital improvement project at the property after Bally’s completed the purchase in November, and although initially a temporary offering design and construction on a permanent venue is underway. New York-based FanDuel will …

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Ian Freeman appointed Chief Revenue Officer at FSB

Stephenson

Online sportsbook and iGaming supplier FSB has welcomed Ian Freeman to its senior management team as its new Chief Revenue Officer. As Chief Revenue Officer he will report directly to CEO Dave McDowell at the firm’s London office, and will be responsible for developing its sales and business development teams as well as creating and deploying business critical strategies. FSB …

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IGT sheds Italian weight by offloading Lottomatica B2C units to Gamenet SPA

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

Italian gambling has woken up to a seismic M&A deal after it was confirmed that IGT Plc had agreed to sell its Lottomatica B2C gaming and sports betting units to Gamenet SPA in a transaction valued at €950 million. After revealing that it will divest its Lottomatica ‘Scommesse‘ (sports betting) and ‘Videolot Rete‘ (B2C machines), IGT informed its stakeholders that …

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Winning Post: Another twist in the tale for Brazil’s legislative journey…

Regulus Partners examines further political roadblocks in Brazil’s pot-holed journey towards market regulation. Meanwhile, back in Blighty, industry observers will tune-in to the Gambling-related Harm All Party Parliamentary Group’s one-off session on Children and Gambling. Brazil: gambling regulation – waning The last couple of weeks have produced two significant twists in Brazil’s gambling legislative journey. The first was a Supreme …

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Distribution fallout sees IGT and Scientific Games cancel LOTEX Brazil contract 

IGT Plc and Scientific Games Corporation (SGC) have published a joint statement confirming that they have withdrawn their consortium to operate Brazil’s exclusive LOTEX instant lottery concession.  The lottery technology groups cited that they have been unable to form a ‘crucial distribution arrangement with CAIXA Federal’, Brazil’s state-owned bank and the incumbent retail distributor of lottery products across the country.    …

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Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling

Jason Ader has stated that his company SpringOwl, an ‘independent sponsor and buyout firm’, is tracking all developments of a disrupted global gambling landscape as ‘the pandemic has opened the market’. Speaking to SBC, Ader stated that he is neither undeterred by talk of ‘doom-and-gloom’ nor swayed by easy rhetoric related to ‘business accelerations’. Instead, Ader recognises that global gambling …

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