IGT eases debt with €1bn Lottomatica sale скачать в хорошем качестве

IGT eases debt with €1bn Lottomatica sale

Hello and welcome to the SBC News 90, here's today’s top stories: Gaming giant IGT is to sell its Lottomatica B2C gaming and sports betting units to Gamenet for 950 million Euros. The deal has valued the Lottomatica B2C business at around 1.1 billion Euros. The assets being transferred generated approximately 207 million Euros in aggregated adjusted EBITDA in 2019. IGT says proceeds will be used to reduce the firm’s long-term debt, which stands at 7.6 billion dollars. --- UK Tote Group has raised a reported 20 million pounds from existing shareholders to diversify beyond the firm’s traditional dependence on racing. The diversification is regarded as a critical step in the ongoing revitalisation of the Tote, following the 2019 acquisition by Alizeti Capital for 150 million pounds. --- Betting and gaming focused PR and marketing agency Square in the Air has appointed Richard Bloch to the position of Media Director. Bloch, who has led social media teams at both PokerStars and, most recently, William Hill, joins Square in the Air to help grow outreach services for clients as the industry enters a critical 2021. That’s all for today, I’ll be back tomorrow for your next SBC News 90. #IGT #Lottomatica #Gamenet