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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Thomas Holland, Product Director at Genius Sports, talks about betbuilders, risk management, and how innovations are driving change in sportsbooks in an exclusive interview with SBC News. SBC: Managing liabilities has become complex, with products like betbuilder creating exposure across millions of outcomes. How do you effectively manage risk in today’s world? Thomas Holland: Managing liabilities has always been complex, …
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Flutter Entertainment has today confirmed that it is working towards 29 January 2024 as the effective date for its New York Stock Exchange (NYSE) listing. The Paddy Power owner had for some time mooted the idea of a secondary listing in the US to reflect the growing importance of the market to the business, and announced in November that it …
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Genius Sports has made its latest move in the sports fan engagement space by launching a privacy-compliant identification solution, FanHub ID. The product utilities online and offline data signals and AI technology to create fan-based profiles. The target market for the product are marketers and content owners, who Genius states can use FanHub ID to ‘reach and measure’ sports audiences ‘at scale’. …
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Super Group (SGHC), the parent company of Betway and Spin brands has reached a ‘corporate milestone’ having been accepted in the Russell 2000® Index. The achievement follows less than a year-and-half since Super Group public listing on the New York Stock Exchange (NYSE). Furthermore, the inclusion will also enlist Super Group in the broader Russell 3000® Index, regarded as the …
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Entain Plc investor Eminence Capital has questioned the M&A strategy of the FTSE100 gambling group, citing that it has impacted the firm’s value and future prospects. An open letter published by Eminence CEO Ricky Sandler criticised the board of Entain for allowing a £600m bookbuild to fund the acquisition of STS Group, through the issuance of new shares, which represents …
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IGT Plc has been rewarded for augmenting its environmental contributions with a new ‘B’ score in climate change from Carbon Disclosure Project (CDP). The global environmental NPO has upgraded IGT’s score from last year to better reflect its improved environmental disclosure and performance. The new classification recognises the ‘coordinated actions’ taken by the global lottery and gaming firm on a …
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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 PlayAGS has alerted the New York Stock Exchange (NYSE) that it will no longer proceed with deal negotiations to be acquired by Inspired Entertainment Inc. On 12 August, PlayAGS disclosed that it had entered negotiations with Inspired, who had proposed a $10 cash per share offer to acquire the Las Vegas-based games developer and gambling machine components …
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