UK-based International Game Technology PLC (IGT) is offloading its interest in Lottomatica Scommesse S.r.l. Marco Sala, CEO of Lottomatica Group, said: “We are encouraged by the continued growth and positive developments in our International business. He is responsible for overseeing the strategic direction of the Company, which is publicly traded on the New York Stock Exchange (NYSE:IGT). 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. Private manager and operator opportunities are accelerating. Lottomatica Holding, the IGT-owned Italian online gambling business, is selling off two of its businesses to Gamenet Group. 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. 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. The Lottomatica Group is to change its name to GTECH as part of an effort to further integrate its businesses. All Releases Historical Stock Quote Should the deal be sanctioned, the gambling group will maintain its heritage Lottomatica lottery division as its sole B2C trading unit. LONDON, Dec. 7, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. 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. 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 … Since joining GTECH S.p.A. as Co-General Manager in 2003, Mr. Sala has been a member of the board of directors. Management Team "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. “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. 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. SEC Filings In August 2006, he was appointed Managing Director with responsibility for the Company’s Italian Operations and other European activities. All Releases 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. 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. Contact Us ... Lottomatica Spa. The company is headquartered in London, with major offices in Rome, Providence, Rhode Island, and Las Vegas. Since joining GTECH S.p.A. as Co-General Manager in 2003, Mr. Sala has been a member of the board of directors. Request Material. IGT.com - Investor Relations - Investor Relations. IGT will use net proceeds from the transaction primarily to reduce debt. FAQs 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. 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. Analyst Coverage Committees Marco Sala, CEO at IGT, commented: “This enables IGT to monetise its leadership positions in the Italian B2C gaming … International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. Marco Sala has served on the IGT PLC board of directors and as Chief Executive Officer of IGT PLC since April 2015. (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. “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 … 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 … Historical Stock Quote He works directly with the board and other senior management to establish long-range goals, strategies, plans, and policies. IGT has announced the sale of its Italian B2C sports betting, gaming machine, and digital gaming business for €950M. Board of Directors Marco Sala has served on the IGT PLC board of directors and as Chief Executive Officer of IGT PLC since April 2015. IGT is selling Lottomatica, its B2C Italian gaming business, to Gamenet in a deal worth €950m. Prior to that, Mr. Sala served as Chief Executive Officer of GTECH S.p.A. (formerly Lottomatica Group) since April 2009. In August 2006, he was appointed Managing Director with responsibility for the Company’s Italian Operations and other European activities. Marco Sala is Chief Executive Officer at International Game Technology PLC. 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. Investor Calendar 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 … "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. 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’. March 3, 2010 / 5:20 PM / 10 years ago. Chief Executive Officer, Global Gaming. (Image: Las Vegas Review-Journal) Selling the businesses known as Lottomatica Videolot Rete S.p… Chief Executive Officer, International Game Technology PLC. Regulatory Filings 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. […] Quarterly Earnings to Gamenet Group S.p.A. “The transaction enables IGT to monetize its leadership positions in the Italian B2C gaming […] Committees Chief Executive Officer, Global Lottery He is responsible for overseeing the strategic direction of the Company, which is publicly traded on the New York Stock Exchange (NYSE:IGT). are members of the IGT group […] Analyst Coverage UPDATE 2-Lottomatica 2009 core profit up 3.7 pct. IGT today announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. Fabio Cairoli . Marco Sala is Chief Executive Officer of International Game Technology PLC (IGT), and serves on its Board of Directors. FAQs 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. Marco Sala . 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. Request Material, Chief Executive Officer, International Game Technology PLC. Presentations See Marco Sala's compensation, career history, education, & memberships. Presentations 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. … Investment Calculator Prior to that, Mr. Sala served as Chief Executive Officer of GTECH S.p.A. (formerly Lottomatica Group) since April 2009. He works directly with the board and other senior management to establish long-range goals, strategies, plans, and policies. Investment Calculator The firm says that proceeds from the sale of … 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.