Tag Archives: IGT

IGT agrees 12 more years of lottery updates with Lithuania’s UAB Perlas

SBC News IGT agrees 12 more years of lottery updates with Lithuania’s UAB Perlas

NYSE-listed International Game Technology PLC (IGT) through subsidiary IGT Global Solutions Corporation has extended its partnership with Lithuanian Lottery UAB Perlas Network (Perlas).  The agreement will see both parties collaborate for another 12 years until at least 2035, with IGT introducing a steady flow of upgrades to Perlas’ lottery central retail system.  Jay Gendron, IGT Chief Operating Officer Global Lottery, …

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IGT to continue as core systems supplier of the National Lottery

IGT

IGT Plc will maintain its position as the principal technology systems supplier for the National Lottery. The contract extension was confirmed ahead of the National Lottery’s transition to a new operating steward on 1 February, which will see Allwyn UK assume control of the Fourth National Lottery License. Since its inception in 1994, IGT has served as the lottery systems …

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IGT ends legal challenge of National Lottery competition

SBC News IGT ends legal challenge of National Lottery competition

The UK Gambling Commission (UKGC) has informed that IGT Plc has discontinued its legal challenge against the tender process of the Fourth National Lottery competition. In July 2022, the NYSE-listed gambling technology group was granted permission by the Court of Appeal to challenge the Gambling Commission’s awarding of the Fourth National Lottery tender to Allwyn UK. The technology partner Camelot …

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IGT to switch auditing chiefs as Tim Rishton ends 29-year tenure

SBC News IGT to switch auditing chiefs as Tim Rishton ends 29-year tenure

IGT Plc has announced the forthcoming retirement of Senior Vice President and Chief Accounting Officer (CAO) Tim Rishton. Rishton, who joined IGT in 1995 as a Cost Accounting Manager, will retire from executive duties at the end of 2024, completing 29 years of service for the NYSE technology group. IGT confirmed that Rishton will be succeeded by David Morgan, who …

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IGT gaming units catch the interest of Apollo

IGT

Industry analysts are closely monitoring developments at IGT Plc, given that private equity giant Apollo Global is rumored to be considering a bid for its gaming assets. As Bloomberg reports, Apollo is evaluating its next foray into the gambling sector, where the $500bn fund might proceed to purchase IGT’s land-based and online gaming units outright. Apollo’s bid is expected to …

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IGT evaluating divestment of Global Gaming and PlayDigital divisions

IGT

International Game Technology (IGT) is looking to ‘unlock true value’ by examining strategic alternatives for its Global Gaming and PlayDigital segments. The NYSE firm’s Board of Directors detailed that these alternative options include but are not limited to a sale, merger or spin off of the divisions. However, maintaining and further investing in the businesses is also being considered as …

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Svenska Spel renews legacy tech partnership with IGT

Svenska Spel

Svenska Spel has extended its partnership with International Game Technology (IGT), which will continue to provide lottery solutions to the company. London-based B2B solutions supplier IGT will equip Svenska Spel with video lottery technology and services for the next three years under the terms of the extension, running until January 2027. Ola Enquist, Business Area Manager Casino Cosmopol & Vegas, Svenska Spel AB, said: “Given …

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IGT hails weight loss as Q1 beats corporate expectations

SBC News IGT hails weight loss as Q1 beats corporate expectations

IGT Plc has reaffirmed its FY2023 corporate targets with confidence following an impressive start to year trading driven by commercial growth across all core business units.  Publishing its Q1 2023 trading update, the NYSE gambling technology group registered corporate revenues of $1.06bn, up 1% on corresponding 2022 results of $1.05bn. The 1% revenue uplift stands against Q1 FX currency impacts …

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Lula & Haddad eye 15% GGR tax on Brazil sports betting regime

SBC News Lula & Haddad eye 15% GGR tax on Brazil sports betting regime

A draft proposal co-signed by Brazil President Lula da Silva and Finance Minister Fernando Haddad has recommended that  a 15% gross gaming revenue (GGR) tax be applied to sports betting activities.  News of the proposal submitted to the Attorney General’s National Treasury Office (PGFN) was reported during the Easter break by Brazilian business news source Poder360. As reported, Lula and …

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