IGT confirms Walter Bagno's departure

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Ted Menmuir May 4, 2021 Europe, Breaking News, North America, Retail

IGT Plc confirmed that the long-term executive Walter Bagno retired as executive vice president of the NYSE technology group for new business and strategic initiatives.

IGT notified investors this morning that Bagno has decided to end his eleven-year tenure with the company with the goal of “ pursue new professional opportunities »And will resign from all management positions 14 May.

A prominent head of IGT's executive team, Bagno joined the company in 2010 as CEO ' I GT International ' - the new global gaming division of the technology group, formed from a multi-billion dollar merger GTECH and IGT outdated systems.

Prior to joining IGT, Bugno served as CEO of the gaming division of the Italian lottery division Lottomatica.

Bagno, recognized as one of the most influential leaders in the gambling industry, was the former CEO of Tabcorp Casinos and the founding chairman of A-League's Sydney FC.

“I would like to thank Walter for his achievements over 11 years of senior leadership at IGT. His efforts have made a significant contribution to strengthening our global leadership, ”said IGT CEO Marco Sala.

“At every stage of his time with IGT, Walter has successfully attracted teams from multiple regions, developed close relationships with customers, fostered continuous talent development, and championed innovation throughout his organization. On behalf of all IGT staff, I wish Walter the best in his future endeavors. "

Closing the 2020 trade, IGT announced that it had reached an agreement to sell its B2C game and sports sweepstakes Lottomatica to Gamenet SPA for 2010 million - most of the proceeds used to reduce the company's long-term debt.

IGT has advised that following the downsizing of its Lottomatica division, the technology group will move the move to strengthen its focus. ' core competence as a B2B service provider ‘.

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