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IGT splits business again with new digital and betting segment


International Game Technology (IGT) has established a new ‘Digital and Betting’ business, headed up by Enrico Drago and comprising the igaming and sports betting operations previously part of its Global Gaming segment.

The IGT business will now operate as three segments, with the new Digital and Betting arm running alongside its Global Lottery and Global Gaming divisions that were established in July last year.

As such, beginning with the third quarter of its 2021 financial year, IGT will report results for its Digital and Betting business separately from the other two segments.

IGT added that its IGT iLottery business will remain part of the Global Lottery segment.

“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,” IGT chief executive Marco Sala said.

“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.”

Enrico Drago, who had been serving as senior vice president of IGT’s PlayDigital arm, will become chief executive of new Digital and Betting business. Drago previously oversaw the IGT iGaming, iLottery and sports betting businesses in his role at PlayDigital.

Prior to this he was senior vice president global interactive for sports betting and licences at IGT and had a spell as senior vice president of its Italian business units.

Before joining IGT, Drago spent over seven years at Inditex, serving as managing director for Italy, general manager of other formats and assistant to the chief executive. Drago also had roles with Puig and Deaplaneta.

Drago will report directly to Sala as chief executive of Digital and Betting.

Confirmation of the new business segment comes after IGT last month upped its revenue and operating profit guidance for 2021 after Q2 revenue grew 73.5% to $1.04bn, while the sale of Lottomatica helped the business return to profitability.