Lottomatica’s sports-betting operation in Italy enjoyed 7% growth in wagers in the third quarter benefitting from the second-half of the European Championships falling in the period, however parent company IGT’s results were marred by a significant fall in social casino revenues. The company gave very little further detail other than suggesting the sports-betting business helped contribute, alongside the company’s lottery …
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IGT confident on 2016 targets following ‘solid’ Q2 corporate performance
Growth in its North American and Italian gambling divisions have helped New York-listed gambling and lottery technology provider IGT post a 48% increase in operating revenues of $171 million for Q2 2016 (Q2 2015: $116 million). IGT governance were pleased to close another ‘solid’ quarter, reporting that the company had sustained its global revenues at $1.28 billion for the period. …
Read More »IGT appoints Mario Di Loreto as group HR & talent lead
International Game Technology (IGT) has confirmed the appointment of Mario Di Loreto to the new role of Executive Vice President of Human Resources, Organisation & Transformation. The executive appointment will see Di Loreto a report directly to IGT Plc Group CEO Marco Sala. The company detailed that it had hired Di Loreto to oversee group HR leadership and strategy as …
Read More »North America uplift sees IGT post ‘solid opening’ to 2016
Presenting its Q1 2016 (period ending 31 March) corporate performance, IGT Plc governance stated its was pleased with its ‘solid opening performance’ as the New York-listed firm saw growth throughout its top line metrics. Reporting group revenues of $1.28 billion up 51% on Q1 2015’s $848 million, IGT detailed growth in its core region of North America. IGT would record …
Read More »IGT Group optimistic of 2016 outlook following year of synergy creations
New York-listed gambling and lottery technology supplier, IGT Group closed its full-year 2015 results (period ending 31 December) reporting adjusted revenues of $5.5 billion down 4% on 2014’s (pro-forma) revenues of $5.7 billion. Declaring its first full-year performance as IGT Group (the combined enterprise of GTECH and IGT), the company would declare adjusted EBITDA earnings of $1.8 billion, down …
Read More »IGT notes ‘resilient profitability’ as company posts 21% Q3 earnings increase
IGT Plc governance stated that it was pleased with corporate performance, as it reported $414 million (£270 million) adjusted EBITDA earnings for its Q3 2015 results (period ending 30 September). The earnings results represent a 21% increase on Q3 2014’s $342 million EBITDA. IGT’s performance was driven by a 30% increase in revenues to $1,25 billion for the period (Q3 …
Read More »IGT Q2 earnings hit by $122 million debt costs
Reporting for the first time as a single entity, IGT Plc the merged gambling and lottery technology operator of GTECH and International Game Technology (IGT) (merger date 7 April 2015), presented results for Q2 2015 trading. Due to its merger, IGT Plc governance noted that a number of items affect the comparability of its reported results for Q2 2014. In …
Read More »IGT acquisition impacts GTECH Q1 2015 operating income
International Game Technology Plc (IGT) governance has presented separate results for GTECH SPA and IGT (legacy) divisions, due to the completion of its merger on 7 April. On Tuesday IGT Plc, released Q1 2015 trading update for GTECH operations GTECH reported key metric growth in revenues of 3% to €807 million (Q1 2014: €780 million), which had been supported by …
Read More »GTECH & IGT begin trade as International Game Technology PLC
GTECH SpA has today completed its $6.4 billion acquisition of Nevada based gambling technology provider International Game Technology (IGT) , finalising its nine month acquisition process. The acquisition hurdles will see GTECH and IGT operate under the corporation name International Game Technology. The merged company will begin trading its new share on the New York Stock Exchange later today. Last …
Read More »GTECH clears all preconditions for IGT 7th April merger
GTECH SpA governance has announced that the company has cleared all preconditions for its merger with International Game Technology (IGT). GTECH will now be able to complete its merger with IGT operations, following its $6.4 billion acquisition which was first announced in July 2014. The merger of the two gambling technology companies is set to become effective on Tuesday 7 …
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