Tag Archives: Vince Sadusky

IGT stands by $4bn year-end revenue target despite lottery slowdown

IGT

Gaming revenue continued to be the ‘standout performer’ for International Game Technology (IGT Plc) during Q3 trading as the firm’s group-wide revenue remained stable against 2022 comparatives. The NYSE-listed gambling and lottery technology provider reported group-wide revenue for the trading period ending 30 September of $1.06bn, representing no change from Q3 last year. Total adjusted EBITDA rose 8% from $402m …

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IGT gaming units catch the interest of Apollo

IGT

Industry analysts are closely monitoring developments at IGT Plc, given that private equity giant Apollo Global is rumored to be considering a bid for its gaming assets. As Bloomberg reports, Apollo is evaluating its next foray into the gambling sector, where the $500bn fund might proceed to purchase IGT’s land-based and online gaming units outright. Apollo’s bid is expected to …

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IGT raises FY23 guidance as gaming and digital divisions drive Q2 revenue

IGT

International Game Technology’s (IGT) Global Gaming and PlayDigital divisions have driven an impressive quarter for the company, prompting a readjustment of its full year trading projections. The London-based igaming, iLottery and betting solutions developer informed its NYSE investors that total group income for Q2 2023 had risen 3% to $1.06bn (Q2 2022: $1.02bn). This was driven largely by an increase …

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IGT evaluating divestment of Global Gaming and PlayDigital divisions

IGT

International Game Technology (IGT) is looking to ‘unlock true value’ by examining strategic alternatives for its Global Gaming and PlayDigital segments. The NYSE firm’s Board of Directors detailed that these alternative options include but are not limited to a sale, merger or spin off of the divisions. However, maintaining and further investing in the businesses is also being considered as …

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IGT hails weight loss as Q1 beats corporate expectations

SBC News IGT hails weight loss as Q1 beats corporate expectations

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 delivers shareholder rewards of $276m despite Global Lottery slowdown

IGT

IGT Plc states that it has achieved its full-year 2022 objectives of returning shareholder growth and reducing its long-term corporate net-debt. The group outlined that total revenue rose by 3% for the full year to $4.3bn (2021: $4bn), and by 4% year-on-year in the final quarter from $1bn to $1.1bn, with both figures driven heavily by Global Gaming and PlayDigital …

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IGT sees Gaming & Digital growth subdue Global Lottery slowdown

SBC News IGT sees Gaming & Digital growth subdue Global Lottery slowdown

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 completes €160m takeover of iSoftBet

SBC News IGT completes €160m takeover of iSoftBet

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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IGT Q1 growth stalled by global lottery pains

SBC News IGT Q1 growth stalled by global lottery pains

IGT Plc has reported financial results for the first quarter ended March 31, 2022, showing overall revenue slightly ahead despite a drop in operating income during the trading period. According to the headline figures, consolidated revenue came in at $1.1bn, up 4% as reported and 7% at constant currency, from $1bn in the prior year. Global Gaming revenue increased 42% …

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