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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IGT Plc is confident of delivering on its 2022 financial targets and operating objectives, despite a slowdown in the performance of its flagship Global Lottery unit. Publishing its Q3 trading statement, the NYSE gambling technology group achieved consolidated revenues of $1.06bn, up 8% on 2021 comparative results of $984m. Headline growth was maintained by the group’s Global Gaming unit recording …
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IGT Plc has disclosed that it has increased the cap on its tender offer to raise cash from its US and EU senior debt notes from $500m to $600m. This September the NYSE technology group authorised a ‘purchase for cash’ transaction, aiming to raise $500m from its outstanding $1.1bn senior secured $ notes due for 2025 at a 6.5% interest …
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The board of IGT Plc has notified investors that the NYSE gambling technology group has completed its acquisition of iSoftBet in a cash deal worth €160m. Last April, IGT entered definitive terms to acquire Malta-based, games developer and online casino solutions provider iSoftBet – deemed as an essential transaction to bolster IGT’s interactive unit. Of significance, the acquisition of iSoftBet …
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Delegates at this month’s CasinoBeats Summit 2022 will have their say on what has been the most innovative slot release of the last 12 months during a special CasinoBeats Game Developer Awards live voting session on the final day of the conference. The session, at the InterContinental in St Julian’s, Malta on 26 May, will see the studios behind the …
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IGT Plc has moved to expand its B2B online casino offering, by securing definitive terms to acquire Malta-based online casino solutions provider iSoftBet. This afternoon, the board of IGT notified investors that it has agreed on a €160 million cash deal to acquire iSoftBet – undertaking an acquisition that will “more than double the IGT PlayDigital content library to approximately …
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iSoftBet has moved to strengthen its aggregation offering by partnering with Quik Gaming, incorporating several of the latter’s products into its own operations. Lauded by iSoftBet as ‘another positive step’ for the online games supplier and content aggregator, the firm will integrate titles such as Lotto Routelete, Wheel of Fire and Race for Cash into its aggregation portfolio. “The strength …
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Having observed Europe’s strictest national lockdown orders, Italy’s retail incumbents have reawakened to a myriad of new challenges, disrupting all components of their traditional business models. Day-One of the SBC Digital Italia Summit saw market experts shed light on the ‘adapt-or-die’ scenario of Italian gambling finally accepting its digital convergence as incumbents recognise that there will be no return to …
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Relax Gaming’s ‘Money Train 2’ was named Slot of the Year 2021 at the inaugural CasinoBeats Game Developer Awards, asMalta’s igaming industry gathered to celebrate the innovation and creativity of the teams that have engineered and powered online casino’s best performing titles. Hosted by Trudy Kerr at the InterContinental Hotel in St Julian’s, Malta, the Game Developer Awards recognised the …
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Software provider NSoft has countered coronavirus headwinds to meet its commercial targets for Q1 2021, reporting strong growth for its sports betting products in particular. Identifying its Live Sports Betting solution as ‘the best performing product’, NSoft reported a total turnover increase of 75% when compared to the same time period in 2020. The operator said it ‘raised the sportsbook …
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