IGT Shares Gain 16% After Posting 25% Increase in Q1 Revenue Source:
Streetwise Reports (5/11/21) International Game Technology Plc shares reached a new 52-week high after the company reported financial results for Q1/21 that included a 48% YoY increase in global lottery revenue.
End-to-end global gaming company International Game Technology Plc (IGT:NYSE) today announced financial results for the first quarter of 2021 that ended March 31, 2021.
The firm s CEO Marco Sala commented, We delivered some of our strongest profit results ever during the first quarter, fueled by robust player demand and significant, structural cost savings.Our Global Lottery segment achieved record same-store sales levels on impressive increases around the world. The Global Gaming segment is demonstrating swift, progressive recovery, including accelerated momentum for Digital & Betting activities. We expect to return to 2019 levels for key financial metrics this year.
Walter Bugno, executive vice president of new business and strategic initiatives at International Game Technology Plc (IGT), has resigned from the firm “to pursue a new professional opportunity”. The announcement was made by the casino and lottery technology provider in a press release published on Monday.
Mr Bugno (pictured in a file photo) will continue in his current position until May 14, the announcement added.
IGT had announced in mid-2020 that Mr Bugno was taking on a new role, leading the firm’s “new business and strategic initiatives” group. Prior to the organisational reshuffle, Mr Bugno was chief executive, International, at IGT.
IGT Announces Resignation of Walter Bugno, Executive Vice President of New Business and Strategic Initiatives
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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
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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.
Gaming equipment and lottery provider International Game Technology Plc (IGT) announced on Wednesday that Beatrice Bassey, currently a member of the company’s board of directors, would not stand for re-election. Following her departure, IGT’s board of directors will be reduced to 10.
She will exit the board and IGT’s nominating and corporate governance committee immediately after the group’s shareholder annual meeting on May 11, according to a Wednesday announcement.
Her departure was due to “other professional commitments”, and also “challenges posed by the ongoing Covid-19 pandemic”, IGT said.
“On behalf of the IGT board of directors, I would like to thank Beatrice for her dedicated service and valuable contributions to the board. We wish her well in her future endeavours,” said Lorenzo Pellicioli, chairman of IGT’s board of directors, as cited in the Wednesday announcement.