Tag Archives: Vince Sadusky

International Game Technology Group Plc (IGT) has reported robust financial results for 2024, closing a transformative year for its business which has become a pure-play lottery systems technology supplier once more.  As of H2 trading, IGT has undertaken a revision of its corporate accounts, to modify its financial reporting due to the $4.05bn sale of its Gaming & Digital business …

The board of IGT Plc has announced to markets that, as of this morning, the NYSE technology group will operate solely as a lottery systems technology provider. This announcement comes as IGT expects to complete the sale of its Gaming & Digital business to Apollo Global by the end of Q3 trading in 2025. On 26 July, IGT accepted a …

IGT Plc has announced the appointment of Nick Khin as President of the Global Gaming division of the NYSE technology group. Promoted to President, Khin has served as the Chief Operating Officer (COO) and Senior Vice President (SVP) of the Global Games Unit since 2015. IGT Plc In his role as IGT President of Global Gaming, Khin will be responsible …

IGT Plc maintains its corporate performance, as corporate governance endorses the offer of Apollo Global to acquire its Gaming & Digital business for $4.05bn in cash. Publishing its Q2 accounts, the NYSE technology group matches its 2023 comparatives as group revenues stand at $1.05bn. Period trading saw IGT’s Global Lottery unit register a 2% decrease in revenues to $613m (Q2 …

Apollo Global has initiated a blockbuster deal to simultaneously acquire IGT Plc’s Gaming & Digital business alongside Everi Holdings Inc. The US private equity fund has submitted a cash offer of $14.25 per share to Everi shareholders to acquire its combined business with IGT’s Digital and Gaming spin-offs. The offer comes as Everi moves to complete its February transaction to …

IGT Plc reports a stable start to the year’s trading, as the NYSE-listed gambling technology group begins proceedings to merge its Global Gaming and PlayDigital businesses with Everi Holdings Inc. Publishing its Q1 accounts, IGT reported corporate revenues of $1bn, primarily driven by strong growth in the Global Lottery segment, partially offsetting sales declines in its Gaming & Digital unit. …

IGT Plc has declared a record operating income of $1bn, as the NYSE-listed technology group prepares for its next transformation having agreed terms to spin off its Global Gaming and PlayDigital units to Everi Holdings. Publishing its FY2023 accounts, IGT’s corporate revenues stood at $4.3bn, up 2% on the FY2022 results of $4.2bn. Investors were informed that consolidated revenue growth …

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 …

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 …

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 …