Tag Archives: IGT

Industry leadership has been warned that UK gambling faces an ‘affordability crisis’ as the rising cost of living causes active customers to reduce their spending.   The warning has been delivered by new affordability solutions provider Department of Trust (DoTrust), which in March appointed YouGov to conduct a poll on gambling affordability in light of a drastically changing economic backdrop. Conducting …

International Game Technology (IGT) has secured an agreement contract with the Singapore Pools via its IGT Global Services subsidiary, providing its lottery solutions.  The six-year contract will see IGT leverage its central lottery system Aurora and associated technologies to work towards boosting the lottery innovation and profitability of the Singapore Pools.  In addition, IGT and Singapore Pools also aim to …

IGT Plc will approach 2022 trading with a three-pronged strategy of “grow, innovate, and optimise”, according to the company’s CEO Vincent Sadusky. Issuing a statement in the NYSE-registered gambling technology group’s full-year results for 2021, Sadusky explained that IGT had experienced an “accelerated recovery” over the past 12 months.  The firm recorded total revenue for the full year of $4 …

IGT Plc has underlined the group-wide strategic progress achieved by its corporate transformation programme, as all business units surpass trading expectations.  Posting its full-year 2021 results, the NYSE gambling technology group registered corporate revenues of $4.1 billion, up 31% on corresponding FY2020 results of $3.1 billion. The firm’s Global Lottery unit achieved a 29% increase in revenues to $2.8 billion …

IGT has announced the sale of its Italian proximity payment business from its IGT Lottery subsidiary to PostePay for a total consideration of €700 million.  NYSE-registered IGT will directly sell LIS Holding and indirectly sell LISPAY, the two wholly-owned subsidiaries that constitute and provide its payments operations, which has established a prominent place in Italy. The sale price consists of …

Sports betting start-up ParlayBay has strengthened its senior leadership team, appointing Patrick Nordwall as its debut CEO. Launched in September of last year, ParlayBay has detailed a mission to ‘transform the sports betting market’ through the provision of ‘game-changing experiences’ for players, seeking to develop a player-centric experience beyond gamification through its sports betting games.  In pursuit of this objective, …

IGT Plc has executed an executive team and boardroom reorganisation, as Group CEO Marco Sala is appointed as Executive Chairman of the NYSE gambling technology group.  The appointment follows wider group developments, that saw IGT majority owner De Agostini SPA announce that Lorenzo Pellicioli had chosen to end his sixteen-year tenure as CEO of the Italian investment conglomerate. B&D Holding …

In a strengthening of its ESG operations, IGT has joined the Science Based Targets initiative (SBTi), committing to carbon emission and climate change reduction. The Science Based Targets initiative (SBTi)drives climate action among businesses worldwide, and by becoming a member of the programme, IGT has become the latest operator to adopt a low-greenhouse gas policy. This commitment will see IGT align …

IGT Plc has announced its lottery operations has been recertified by the World Lottery Association for its Corporate Social Responsibility Standards and Responsible Gaming Framework for Suppliers. The certification was developed by the WLA to reduce gambling harms by incentivising operators with a worldwide accreditation program. IGT has reinforced its commitment to social responsibility through its actions with stakeholders, such as collaboration …