International Game Technology PLC Announces Completion Of Sale Of Italian B2C Gaming Business
USA - English
Share this article
LONDON, May 11, 2021 /PRNewswire/ International Game Technology PLC (NYSE:IGT) (
IGT ) announced that on May 10, 2021 its wholly-owned subsidiary, IGT Lottery S.p.A. (formerly Lottomatica Holding S.r.l.) (the
Seller ), completed the sale of 100% of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital gaming businesses (the
Subsidiaries ), to Gamenet Group S.p.A., a subsidiary of funds managed by an affiliate of Apollo Global Management, Inc. (together with its subsidiaries,
LONDON, May 11, 2021 /PRNewswire/ International Game Technology PLC (NYSE:IGT) (
IGT ) announced that on May 10, 2021 its wholly-owned subsidiary, IGT Lottery S.p.A. (formerly Lottomatica Holding S.r.l.) (the
Seller ), completed the sale of 100% of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital gaming businesses (the
Subsidiaries ), to Gamenet Group S.p.A., a subsidiary of funds managed by an affiliate of Apollo Global Management, Inc. (together with its subsidiaries,
Apollo ) (NYSE:APO), a leading global alternative investment manager, for a cash purchase price of €950 million (€725 million of which was paid at closing, €100 million of which is payable on December 31, 2021, and the remaining €125 million of which is payable on September 30, 2022). IGT will use the funds received at closing net of approximately €94
International Game Technology PLC Reports First Quarter 2021 Results
- 25% revenue growth to $1,015 million on outstanding Global Lottery performance; continued recovery in Global Gaming including acceleration in Digital & Betting activities
- Income from continuing operations of $138 million; Adjusted EBITDA of $450 million, among the highest levels in Company history, driven by revenue momentum and structural cost savings
- Achieved cash from operations of $251 million; free cash flow of $204 million driven by strong results and invested capital discipline
- Completed sale of Italy B2C gaming businesses; net proceeds to partially fund full redemption, by make-whole call, of 4.75% Senior Secured Euro Notes due February 2023
IGT Announces Resignation of Walter Bugno, Executive Vice President of New Business and Strategic Initiatives
News provided by
Share this article
Share this article
LONDON, May 3, 2021 /PRNewswire/ International Game Technology PLC (IGT) (NYSE: IGT) announced that Walter Bugno, Executive Vice President of New Business and Strategic Initiatives, has resigned to pursue a new professional opportunity. Mr. Bugno will continue in his current position until May 14, 2021. I would like to thank Walter for his accomplishments over the course of more than 10 years of senior leadership at IGT. His efforts have made meaningful contributions to the strength of our global leadership, said
International Game Technology PLC to Host First Quarter 2021 Results Conference Call on Tuesday, May 11, 2021
News provided by
Share this article
Share this article
LONDON, April 27, 2021 /PRNewswire/ International Game Technology PLC ( IGT ) (NYSE:IGT) will host a conference call and live webcast to discuss first quarter 2021 results for the period ended March 31, 2021 on Tuesday, May 11, 2021.
Conference call details:
Dial-In Number (Outside US/Canada): +1 612 979 9887
Conference ID (Passcode): 6783961
Webcast:
A live webcast may be accessed along with accompanying slides under News, Events & Presentations in the Investor Relations section of IGT s website at www.IGT.com. A replay of the webcast will be available on the website following the live event.