Regulatory Filings Investment Calculator IGT today announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. "The transaction enables IGT to monetize its leadership positions in the Italian B2C gaming machine, sports betting, and digital spaces at an attractive multiple to comparable Italian transactions, providing us with enhanced financial flexibility," said Marco Sala, CEO of IGT. Documents “People are not playing more because of recession,” insists Marco Sala, chief executive of Lottomatica, Italy’s largest gaming company and world leader in lotteries. IGT to Sell Lottomatica for €950M. FAQs IGT.com - Investor Relations - Investor Relations. Historical Stock Quote Chief Executive Officer, Global Gaming. IGT is selling Lottomatica, its B2C Italian gaming business, to Gamenet in a deal worth €950m. All Releases 3 Min Read The transaction values Lottomatica B2C units at an enterprise value of approximately €1.1 billion, with the assets, sold generating circa €207 million in aggregated adjusted EBITDA in 2019. Speaking in Rome yesterday, Lottomatica’s chief executive Marco Sala stressed that his company is “closely following the Maltese gaming market and is determined to bid against Intralot that operates under the name Maltco. SEC Filings Presentations In August 2006, he was appointed Managing Director with responsibility for the Company’s Italian Operations and other European activities. Quarterly Earnings Prior to the Company's admission to the listing on the NYSE in 2015, Mr. Sala served on the Board of Directors of Lottomatica since 2003, when he joined as Co-General Manager, before being appointed Managing Director with responsibility for the Italian … has signed a definitive agreement to sell one hundred percent (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, to Gamenet … Investor Calendar The Lottomatica Group is to change its name to GTECH as part of an effort to further integrate its businesses. March 3, 2010 / 5:20 PM / 10 years ago. Prior to April 2015, Sala served as Chief Executive Officer of GTECH S.p.A. (formerly known as Lottomatica Group) since April 2009, and was responsible for overseeing all of the Company’s segments including the Americas, International, Italy, and Products and Services. Chief Executive Officer, Global Lottery Lottomatica Holding S.r.l., the wholly-owned subsidiary of International Game Technology PLC (IGT), has signed a definitive agreement to sell one hundred percent (100%) of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l. Despite a difficult local economy, the core of our business in Italy is performing to our expectations. Request Material, Chief Executive Officer, International Game Technology PLC. Management Team Marco Sala has served on the IGT PLC board of directors and as Chief Executive Officer of IGT PLC since April 2015. IGT.com - Investor Relations - Investor Relations. Marco Sala, IGT CEO Apollo’s Fast-Growing Portfolio Apollo’s portfolio has been further expanded thanks to this second acquisition of gambling business, after investing $604 million into Czech-based lottery company Sazka Group , and showing interest in the buyout of Great Canadian Gaming Corporation for $2.52 billion last month. Investor Calendar In August 2006, he was appointed Managing Director with … … SEC Filings Request Material. to Gamenet Group S.p.A. “The transaction enables IGT to monetize its leadership positions in the Italian B2C gaming […] Analyst Coverage Historical Stock Quote He works directly with the board and other senior management to establish long-range goals, strategies, plans, and policies. Fabio Cairoli . ... Lottomatica Spa. Since joining GTECH S.p.A. as Co-General Manager in 2003, Mr. Sala has been a member of the board of directors. Private manager and operator opportunities are accelerating. (Image: Las Vegas Review-Journal) Selling the businesses known as Lottomatica Videolot Rete S.p… Prior to that, Mr. Sala served as Chief Executive Officer of GTECH S.p.A. (formerly Lottomatica Group) since April 2009. MARCO SALA APPOINTED LOTTOMATICA GROUP CEO ROME (ITALY) – PROVIDENCE, RHODE ISLAND (U.S.), April 28, 2009 – Lottomatica Group today announced that its Board of Directors has accepted the resignation of Lorenzo Pellicioli as Group CEO and unanimously approved his recommendation of Marco Sala as the new Group CEO. ... and debt profile,” Marco Sala, CEO of IGT, said. Presentations Italian lottery and gaming giant has begun the search for a new Chief Financial Officer after experienced professional steps aside ‘to pursue a new professional path’. Committees Investment Calculator Contact Us Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l. The firm says that proceeds from the sale of … Documents FAQs GamblersPost Gamblers Post is a dedicated news and networking portal in the online gambling industry which features news, opinions, interviews as well as product and software reviews. Prior to that, Mr. Sala served as Chief Executive Officer of GTECH S.p.A. (formerly Lottomatica Group) since April 2009. All Releases Strategic relationship will bring game content and game terminals to the Italian VLT gaming market. Lottomatica Holding, the IGT-owned Italian online gambling business, is selling off two of its businesses to Gamenet Group. Analyst Coverage He was named Chief Executive Officer of GTECH S.p.A. in April 2009 with responsibility for overseeing all of the Company’s segments, including the Americas, International, Italy, and Products and Services. International Game Technology has inked a definitive agreement regarding the sale of its Lottomatica business to Gamenet Group, a subsidiary of funds managed by an affiliate of global alternative investment manager Apollo Global Management. Management Team The deal values the two businesses – Lottomatica Videolot Rete and Lottomatica Scommesse – at around 1.1 billion euros including debt, IGT said, adding the sale of the units would happen at “an attractive multiple.” ... and debt profile,” IGT Chief Executive Marco Sala said in a statement. He works directly with the board and other senior management to establish long-range goals, strategies, plans, and policies. Committees In August 2006, he was appointed Managing Director with responsibility for the Company’s Italian Operations and other European activities. Marco Sala has served on the IGT PLC board of directors and as Chief Executive Officer of IGT PLC since April 2015. He is responsible for overseeing the strategic direction of the Company, which is publicly traded on the New York Stock Exchange (NYSE:IGT). Lottomatica Videolot Reteand Lottomatica Scommesse, which operate the B2C gaming machine, sports betting and digital gaming businesses in Italy, are being sold in their entirety to Gamenet Group, a subsidiary of funds managed by an affiliate of Apollo Global Management. Marco Sala is Chief Executive Officer of International Game Technology PLC (IGT), and serves on its Board of Directors. Board of Directors IGT has announced the sale of its Italian B2C sports betting, gaming machine, and digital gaming business for €950M. UPDATE 2-Lottomatica 2009 core profit up 3.7 pct. Quarterly Earnings "The transaction enables IGT to monetize its leadership positions in the Italian B2C gaming machine, sports betting, and digital spaces at an attractive multiple to comparable Italian transactions, providing us with enhanced financial flexibility," said Marco Sala, CEO of IGT. He is responsible for overseeing the strategic direction of the Company, which is publicly traded on the New York Stock Exchange (NYSE:IGT). Marco Sala, CEO of Lottomatica Group, said: “We are encouraged by the continued growth and positive developments in our International business. IGT will use net proceeds from the transaction primarily to reduce debt. Renato Ascoli . Regulatory Filings UK-based International Game Technology PLC (IGT) is offloading its interest in Lottomatica Scommesse S.r.l. International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. IGT will look more like a lottery company than a gaming company after a $1.27 billion transaction announced Monday, according to a Las Vegas … 03/2003–06/2013. Marco Sala is Chief Executive Officer of International Game Technology PLC (IGT), and serves on its Board of Directors. LONDON, Dec. 7, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. (Italy).- Lottomatica Group announced that its Board of Directors has accepted the resignation of Lorenzo Pellicioli as Group CEO and unanimously approved his recommendation of Marco Sala as the new Group CEO. Contact Us International Game Technology PLC (IGT), formerly Gtech S.p.A. and Lottomatica S.p.A., is a multinational gambling company that produces slot machines and other gambling technology. Should the deal be sanctioned, the gambling group will maintain its heritage Lottomatica lottery division as its sole B2C trading unit. Since joining GTECH S.p.A. as Co-General Manager in 2003, Mr. Sala has been a member of the board of directors. The company is headquartered in London, with major offices in Rome, Providence, Rhode Island, and Las Vegas. Annual Report are members of the IGT group […] In Sunday’s announcement, IGT CEO Marco Sala spoke about how the sale price of Lottomatica is “an attractive multiple to comparable Italian transactions.” He went on to explain that IGT is continuing to reorganize and rebalance as a business. Annual Report and Lottomatica Videolot Rete S.p.A. to Gamenet Group S.p.A., a subsidiary of funds managed by an affiliate of Apollo Global Management, Inc. […] Board of Directors Marco Sala . Marco Sala is Chief Executive Officer at International Game Technology PLC. Chief Executive Officer, International Game Technology PLC. International Game Technology (IGT) and its wholly-owned subsidiary, Lottomatica Holding, has agreed to sell 100% of its share capital of Lottomatica Videolot Rete and Lottomatica Scommesse to Gamenet Group, a subsidiary of funds managed by an affiliate of Apollo Global Management. Marco Sala, CEO at IGT, commented: “This enables IGT to monetise its leadership positions in the Italian B2C gaming … He joined the Company as Co-General Manager in 2003, and since then, has served as a member of the Board of Directors. “The transaction enables IGT to monetize its leadership positions in the Italian B2C gaming machine, sports betting, and digital spaces at an attractive multiple to comparable Italian transactions, providing us with enhanced financial flexibility,” said Marco Sala , CEO … CEO Marco Sala, seen here, says the valuation is attractive and proceeds will reduce debt. See Marco Sala's compensation, career history, education, & memberships. The sale price is €950 million, with €725 million payable at closing, €100 million payable on 31 December 2021 and the remaining €125 million payable on 30 September 2022.