• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

IGT appoints Renato Ascoli as CEO for global gaming

Jul 02, 2020 Newsdesk Industry Talk, Latest News, Top of the deck  


IGT appoints Renato Ascoli as CEO for global gaming

Casino and lottery technology provider International Game Technology Plc (IGT) has appointed Renato Ascoli as chief executive for global gaming. The appointment became effective on Wednesday and it was part of a leadership change at IGT that the firm says will help “reduce complexity and increase organisational efficiency.”

IGT’s new organisational structure includes a new CEO for the firm’s global lottery segment, Fabio Cairoli, said the firm in a press release on Wednesday.

IGT will start reporting its financial results under these two business segments starting with the third quarter of 2020. Financial results for the second quarter of 2020 will be reported in line with the legacy organisational structure, it said.

The firm stated the new structure was designed to “provide greater responsiveness to customers and players.” It would also “increase IGT’s effectiveness and competitiveness in providing products and solutions that address the opportunities of each market segment,” the firm said.

The group’s CEO Marco Sala was quoted in the release as saying that a “simplified organisational structure” would create “a stronger, more focused IGT.”

He added: “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.”

Prior to his appointment as CEO for global gaming, Mr Ascoli served as IGT’s CEO for North America. In that capacity, he held global responsibility for product development, manufacturing, product management, technology and delivery of all the company’s portfolio outside of Italy, according to a biography provided by IGT.

The global gaming segment “will have full responsibility for the IGT gaming business,” including its international division covering Asia. Mr Ascoli will report to Mr Sala.

Also reporting to Mr Sala, IGT executive Walter Bugno will have a new role, leading the “new business and strategic initiatives” group, said IGT. Prior to the organisational reshuffle, Mr Bugno was CEO, International of IGT.

The new business and strategic initiatives group will be “responsible for leading business development in jurisdictions where IGT is not present, and where – while there may be a company presence – there is no defined product segment presence,” the firm said.


  • tweet
Related articles
  • IGT to focus on Advantage, licenses out Galaxis, System2Go
    IGT to focus on Advantage, licenses out...

    Dec 23, 2020  

  • IGT US$1bln sale in Italy aids valuation: Union Gaming
    IGT US$1bln sale in Italy aids...

    Dec 09, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Suncity Macau VIP roll 20pct of pre-Covid level: GSSuncity Macau VIP roll 20pct of pre-Covid level: GS January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us