International Game Technology PLC (IGT) has announced that it has created a Digital & Betting business segment, which includes its igaming and sports betting activities that were previously part of its Global Gaming division.
Starting from the third quarter of FY2021, IGT will report its results under three business segments: Global Lottery, Global Gaming, and Digital & Betting. Its ilottery business will remain part of its Global Lottery segment.
Enrico Drago will serve as CEO of Digital & Betting, reporting to Marco Sala, CEO of IGT. Drago previously oversaw IGT’s igaming, ilottery, and sports betting businesses as Senior Vice President of PlayDigital.
Sala commented: “IGT has established strong leadership positions and driven dynamic growth across its igaming and sports betting businesses. With significant growth expected to continue, we have decided to establish a dedicated Digital & Betting business segment.
“These businesses have become strategically important to IGT as they afford us the opportunity to leverage the global reach and strong customer relationships of our Global Gaming segment. The new structure gives us more flexibility in our product and solutions portfolio and enables better appreciation of the intrinsic value of these activities.”
Ahead of its Q3 2021 earnings call, IGT will provide a recast of its historical financials to reflect the new segment.
