Dec 06, 2018 Newsdesk Industry Talk, Latest News
American gaming equipment supplier International Game Technology Plc (IGT) has announced Donald Sweitzer (pictured) will retire at the end of the year. The chairman of IGT Global Solutions Corp has led IGT’s effort in government affairs and business development for 20 years, according to the company.
“Don’s expertise building and nurturing relationships with state and commercial partners around the world, along with his insights into complex geopolitical situations, have been important to IGT’s continued expansion and leading market position,” IGT chief executive Marco Sala said in Thursday’s statement announcing Mr Sweitzer’s retirement.
Mr Sweitzer was IGT senior vice-president of global business development and public affairs before he took the chair of IGT Global Solutions, a subsidiary. Before joining IGT he performed various roles in United States politics.
The statement quotes Mr Sweitzer as saying: “I can honestly say I have enjoyed coming to work every single day during my time here, and I love the people in this company. It’s now a good time in the business to retire on a positive note, with a spectacular future ahead for IGT.”
IGT supplies slot machines, lottery services, and digital and social gaming experiences. In its most recent financial results, for the third quarter, the company said consolidated revenue fell by 5.4 percent in year-on-year terms to US$1.16 billion, down from US$1.22 billion in the same period last year.
Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$443.3 million, up by almost 3.5 percent in year-on-year terms. Growth in revenue declined by 23.4 percent in IGT markets outside Italy and North America. The company did not provide detailed data on its third-quarter performance in Asia.
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