International Game Technology (IGT) has announced a new organisational structure which will shift its primary focus to Global Gaming and Global Lottery.
This new structure is designed to provide greater responsiveness to customers and players and increase the firm’s effectiveness and competitiveness in providing products and solutions that address the opportunities of each market segment.
It will also harmonize best practices across both B2B and B2C channels in each product category and reduce complexity and increase organizational efficiency to support, said the firm, IGT’s intrinsic value.
CEO Marco Sala stated: “A simplified organizational structure grounded in our core competencies creates a stronger, more focused IGT. 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.”
Reporting to Sala, Renato Ascoli will serve as CEO for Global Gaming with Fabio Cairoli serving as the Global Lottery CEO.
The new structure is effective immediately, with IGT now set to 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 its legacy organisational structure.
The Global Gaming and Global Lottery segments will have all of the key operating capabilities and autonomy necessary to manage the business, including product management, sales, technology and research and development.
Furthermore, business segments will be supported by central corporate support functions that will remain relatively unchanged from a leadership standpoint. That said, these new functions will have the addition of New Business and Strategic Initiatives, with the structure now addressing key synergy and development areas, while continuing to ensure appropriate governance.
Regarding the new facets, Global Gaming will now have full responsibility for the IGT Gaming business, consolidating North America, International and Italy B2C Gaming responsibilities which includes PlayDigital, Sports and Italy Gaming. Global Gaming Sales, Global Gaming Product Management, Global Gaming Studios, Global Manufacturing, Operations and Services including Global Gaming Technology also fall under this umbrella.
Global Lottery on the other hand will have full responsibility for the IGT Lottery business, consolidating North America, International and Italy. This includes Global Lottery Sales and Operations, Global Lottery Product and Sales Development, and Global Lottery Technology and Support. This structure enhances global strategic vision and framework, leveraging proven customer focus and execution while positioning the organization for improved collaboration and best practices sharing.
