Tag Archives: IGT

The shareholders of Everi Holdings have approved the $6.3bn acquisition and merger transaction proposed by private equity fund Apollo Global Management. Everi reported that around 99.88% of the voted shares approved the deal – representing around 71.48% of the total outstanding shares of Everi common stock as of the date of the Special Meeting. Michael Rumbolz, Chairman of the Company’s …

The European Casino Association (ECA) has launched a new partnership programme, which will aim to foster a stronger dialogue between policymakers and the industry. As the name suggests, the ‘ECA Strategic Supplier Partnership’ initiative will build a close collaboration between the association and participating land-based casino suppliers, the inaugural of which are Aristocrat, IGT, Light & Wonder, and Novomatic.  Erwin …

The board of IGT Plc has announced to markets that, as of this morning, the NYSE technology group will operate solely as a lottery systems technology provider. This announcement comes as IGT expects to complete the sale of its Gaming & Digital business to Apollo Global by the end of Q3 trading in 2025. On 26 July, IGT accepted a …

The Executive of São Paulo has awarded the state lottery contract to Aposta Vencedora, a consortium led by Portuguese investors from SAV Participações. Aposta Vencedora won the concession for the Loteria Paulista with a bid of R$600 million (€95 million), exceeding the initial R$260 million sought by the state by over 100%. The bidding for São Paulo’s state lottery was …

IGT Plc has refinanced €500 million in senior-secured euro debt notes. On Tuesday, 10 September, the board of the NYSE-listed gambling and lotteries technology group initiated the refinancing of euro debt notes due in 2030. Its subsidiary, Lottery Holdings B.V., priced and listed the debt notes on the Dublin Euronext exchange, making them exclusively available to private non-US investors. IGT …

IGT Global Solutions Corporation, a subsidiary of International Game Technology PLC, has signed a three-year deal with Portugal’s national lottery.  Santa Casa da Misericórdia de Lisboa (SCML) will be able to leverage IGT’s instant ticket printing technology and related services, including a portfolio of games to further elevate SCML’s customer experience.  Jay Gendron, IGT Chief Operating Officer, Global Lottery, commented: …

IGT Plc has announced the appointment of Nick Khin as President of the Global Gaming division of the NYSE technology group. Promoted to President, Khin has served as the Chief Operating Officer (COO) and Senior Vice President (SVP) of the Global Games Unit since 2015. IGT Plc In his role as IGT President of Global Gaming, Khin will be responsible …

Apollo Global has initiated a blockbuster deal to simultaneously acquire IGT Plc’s Gaming & Digital business alongside Everi Holdings Inc. The US private equity fund has submitted a cash offer of $14.25 per share to Everi shareholders to acquire its combined business with IGT’s Digital and Gaming spin-offs. The offer comes as Everi moves to complete its February transaction to …

IGT Plc reports a stable start to the year’s trading, as the NYSE-listed gambling technology group begins proceedings to merge its Global Gaming and PlayDigital businesses with Everi Holdings Inc. Publishing its Q1 accounts, IGT reported corporate revenues of $1bn, primarily driven by strong growth in the Global Lottery segment, partially offsetting sales declines in its Gaming & Digital unit. …

IGT Plc has declared a record operating income of $1bn, as the NYSE-listed technology group prepares for its next transformation having agreed terms to spin off its Global Gaming and PlayDigital units to Everi Holdings. Publishing its FY2023 accounts, IGT’s corporate revenues stood at $4.3bn, up 2% on the FY2022 results of $4.2bn. Investors were informed that consolidated revenue growth …