Casino equipment maker and lottery provider International Game Technology (IGT) said its board of directors had implemented changes to the company’s board and executive team.
Marco Drago has decided to step down as a non-executive director of IGT’s board, according to a press release on Thursday. “He will serve the rest of his term and leave the board at the end of the company’s annual general meeting on May 14, 2024,” the game supplier said.
IGT operates three main categories: Global Lottery; Global Gaming; and PlayDigital, an online content division.
In late February, the company announced plans to spin off its global gaming and play digital division and merge with another gaming technology provider, Everi Holdings Inc.
IGT shareholders are expected to own about 54% of the combined company, with Vince Sadusky, IGT’s group chief executive, expected to lead the combined company.
In its announcement on Thursday, IGT said Enrico Drago had been appointed as a non-executive director of IGT’s board of directors, and would now resign as CEO of IGT PlayDigital.
Gil Rotem, currently president of iGaming at IGT PlayDigital, will “expand his role” to become president of IGT PlayDigital. He will report directly to Mr. Sadusky.
Changes related to IGT PlayDigital will take effect April 1, the company said.
According to an update on Thursday, IGT Executive Chairman Marco Sala thanked Marco Drago for his “year-long service and unwavering commitment to generating results and value for all IGT stakeholders.”
Mr Salah added: “Enrico Drago joining the board and leaving the executive position at IGT is a natural evolution that underpins the company’s vision for the next era of growth and change.”
IGT reported full-year 2023 revenue of $4.316, up 2.0% year-over-year, net income attributable to shareholders. The company said it achieved a “record” adjusted EBITDA of nearly $1.78 billion in 2023, up 6.9% year-over-year.
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