IGT Splits Business to Create New Digital & Betting Segment for iGaming & Sports Betting
September 8, 2021
International Game Technology (IGT) has split its business to create a Digital & Betting segment that will include the iGaming and sports betting activities that were previously part of its Global Gaming division.
An IGT news release stated that beginning from Q3 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.”
Meanwhile, IGT is expanding its footprint by bringing its PlaySports platform into Wisconsin through an agreement to power sports betting at Oneida Casino, on the Oneida Nation Reservation.