It’s a family affair at IGT as the company announced Marco Drago will be replaced on its board of directors by his son Enrico.
The Non-Executive Director of the IGT Board of Directors will step down following IGT’s Annual General Meeting on May 14.
The younger Drago will also resign from his role as CEO of IGT PlayDigital in order to replace his father. His role will be filled by Gil Rotem, whose current job as IGT PlayDigital President of iGaming will be expanded to IGT PlayDigital President.
“As Marco Drago prepares to step down from his position on the IGT Board of Directors, I’d like to thank him for his many years of service and his unwavering commitment to driving results and creating value for all IGT stakeholders,” said IGT Executive Chair of the Board Marco Sala.
“Enrico Drago joining the Board and leaving his executive leadership position at IGT is a natural evolution that supports the company’s vision for its next era of growth and transformation. Enrico’s value-creation mindset and understanding of global growth opportunities will enhance the Board and align with IGT’s strategic priorities.”
Drago Sr. has held the role of Non-Executive Director since the formation of IGT in 2015. He is also involved with a number of other companies at a senior level including being Deputy Chairman for Grupo Planeta-De Agostini SL and Chairman Emeritus of De Agostini, S.p.A, the holding company of De Agostini Group.
“Watching and guiding IGT through its evolution from a collection of companies that started with Lottomatica and GTECH growing into a unified global gaming leader has been very gratifying. We have been fortunate to have a great group of board members and business unit leaders that have helped drive IGT’s growth during this time. I thank them for their contributions and am certain that IGT is positioned for continued growth as we go forward with the bold initiatives we have undertaken,” added Marco Drago.
IGT to merge with Everi in $6.2 billion transaction
Leadership positions are not the only things that will be changing at IGT.
Last month, the gaming tech provider announced that it had reached an agreement to combine its Global Gaming and PlayDigital businesses with casino technology supplier Everi. The deal, subject to regulatory approval, is set to close by early 2025 and values the combined businesses at $6.2 billion.
As part of the transaction, IGT will separate its Global Gaming and PlayDigital segments into a taxable spin-off to IGT shareholders, who are expected to own roughly 54% of the combined company. Everi stockholders, once the deal is closed, will own roughly 46% of shares.
