IGT has completed the sale of its Italian proximity payment business to PostePay S.p.A, striving to maintain focus on its corporate restructure and debt reduction. Finalised at €700m, the sale will see PostePay take control of the payments business from IGT’s IGT Lottery subsidiary. The price represents a negotiated sales price with an enterprise value of €630m, approximately €70m of …
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IGT Plc remains confident of achieving its 2022 financial objectives, but has ‘tightened its full-year revenue outlook’ to reflect currency fluctuations and the impact of its ongoing business transformation. Publishing its consolidated Q2 2022 results, IGT registered a 2% decline in period corporate revenues to $1.02bn. The weakened headline performance was attributed to an 11% sales decline of IGT’s Global …
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IGT Plc will approach 2022 trading with a three-pronged strategy of “grow, innovate, and optimise”, according to the company’s CEO Vincent Sadusky. Issuing a statement in the NYSE-registered gambling technology group’s full-year results for 2021, Sadusky explained that IGT had experienced an “accelerated recovery” over the past 12 months. The firm recorded total revenue for the full year of $4 …
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IGT Plc has underlined the group-wide strategic progress achieved by its corporate transformation programme, as all business units surpass trading expectations. Posting its full-year 2021 results, the NYSE gambling technology group registered corporate revenues of $4.1 billion, up 31% on corresponding FY2020 results of $3.1 billion. The firm’s Global Lottery unit achieved a 29% increase in revenues to $2.8 billion …
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IGT Plc has executed an executive team and boardroom reorganisation, as Group CEO Marco Sala is appointed as Executive Chairman of the NYSE gambling technology group. The appointment follows wider group developments, that saw IGT majority owner De Agostini SPA announce that Lorenzo Pellicioli had chosen to end his sixteen-year tenure as CEO of the Italian investment conglomerate. B&D Holding …
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