U.S.-listed IGT Plc announced that Ken Bossingham joined the company as senior vice president for casino core product with effect from September 1. The executive will be based in Las Vegas and will report to Victor Duarte, IGT’s global chief product officer for gaming, the firm said in a press release on Tuesday.
Mr Bossingham will be responsible for the global management of IGT’s Class II, Class III, video, and mechanical reels slot machine product lines, the firm additionally said. He will also be responsible for market and competitive analysis, “product requirements definition” and “marketing alignment” in order to pursue the company’s business objectives, IGT added.
IGT last month reported consolidated revenue of US$1.29 billion for the second quarter of 2015, up by 36 percent from the prior-year period. It was the first full earnings period for the unified entity since the US$6.4-billion merger in April of Nevada-based slot machine maker International Game Technology and Italy-based lottery specialist GTech SpA.
“As IGT begins the next chapter in its rich history, product development and operational efficiency are paramount as we seek to grow our industry leadership,” Mr Duarte said in a prepared statement.
He added: “Ken Bossingham is an ideal fit for our culture and the demands of a competitive marketplace. His vast industry experience in sales and operations, and past success with brands that are now part of IGT, will enable him to hit the ground running in this new role.”
Mr Bossingham had previously worked as vice president and general manager of North American casino operations for Spielo International, and as chief operating officer for Atronic, both former subsidiaries of GTech.
He most recently served as chief operating officer (COO) for American Gaming Systems LLC, where he oversaw the company’s acquisition by Apollo Global Management LLC. As American Gaming Systems’ COO he also managed that firm’s acquisitions of gaming product suppliers Colossal Gaming LLC and Cadillac Jack Inc, according to IGT’s release.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia