IGT splits business into two units in operational overhaul
Gaming solutions giant International Game Technology (IGT) has announced a new organisational structure that focuses the business on two key segments.
The new, structure, which is designed to provide greater responsiveness to customers and players, sees the business broken into autonomous global gaming and global lottery segments.
This, the supplier said, would help IGT become more effective and competitive in providing products and solutions to address opportunities in each market segment, as well as harmonising best practices across B2B and B2C channels.
Furthermore, it added, the restructuring would reduce complexity and allow for a more efficient organisation.
"A simplified organisational structure grounded in our core competencies creates a stronger, more focused IGT," IGT chief executive Marco Sala explained. "We have always maintained a customer-first mentality and are positioning ourselves to meet ever-evolving needs in a dynamic, global marketplace.
“Global product segments enable us to leverage our extraordinary talent, unique insights as both an operator and service provider, and economies of scale to continue delivering unrivalled gaming experiences and create value for all stakeholders.”
Previously the business was split into four separate operating units: North America gaming and interactive; North America lottery; International and Italy.
Its new structure sees Renato Ascoli, previously chief executive of IGT’s North American business, become global gaming CEO. Fabio Cairoli, meanwhile, has been named CEO of the global lottery division, having served as chief of its Italian unit prior to this.
Each will oversee a unit with all key operating capabilities and autonomy, covering product management, sales, technology, and research and development, supported by centralised corporate functions.
Ascoli’s new division will consolidate the North America, International and Italian B2C gaming duties including PlayDigital, sports betting and Italian gaming operations. B2B functions coming under its umbrella include sales, product development, manufacturing, operations and services.
For Cairoli, all lottery businesses including the North American segment are now under his control, including sales, product and technology.
Both will report directly to IGT CEO Sala in the new roles, alongside Walter Bugno, who moves from his role as CEO of the International unit to a position overseeing new business and strategic initiatives. This new corporate function will be responsible for leading business development in new jurisdictions, and expanding the supplier’s full product range into existing markets.
The new structure comes into effect today (1 July), and IGT will report its financial results under these segments from the third quarter of the 2020 calendar year. The upcoming first half and second quarter results, meanwhile, will be reported in line with the legacy structure.