Satre vacates IGT role as firm lands Mississippi and Canada deals

Satre vacates IGT role as firm lands Mississippi and Canada deals

Tuesday, August 7, 2018 Posted by Michael Lawson
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Satre has left to take up a role with Wynn.

Phil Satre is set to join Wynn Resorts this week, after gambling technology group International Game Technology (IGT) confirmed his resignation as Chairman of the Board.

Updating the market, IGT revealed that it has begun its executive search for Satre’s replacement, with Vice Chairman Lorenzo Pellicioli assuming the role until a successor is confirmed.

The news comes immediately after IGT disclosed details of a double-deal with Boyd Gaming’s two Mississippi casinos - IP Casino Resort and Spa in Biloxi, and Sam's Town Hotel & Gambling Hall in Tunica - to power retail sports betting at both venues.

Guests of both Mississippi resort-casinos can now place pre-game and in-progress sports bets over the counter via IGT's sports betting technology. The casinos also plan to leverage IGT's self-service kiosks and other sports betting technologies in the future.

"The expansion of sports betting is an exciting growth opportunity for our company, and we are pleased to offer this new gaming entertainment product to our Mississippi customers via IGT's proven, user-friendly technology," said Vincent Schwartz, Boyd Gaming Senior Vice President of Operations.

"IGT is pleased to extend our long-standing relationship with Boyd Gaming to include sports betting technology for its Mississippi-based casinos," said Enrico Drago, IGT Senior Vice President PlayDigital.

"IGT invested significant time and resources to ensure that our modular sports betting solution was market-ready for the rapidly evolving US sports betting market, and that our customers in the various states could benefit from it as soon as regulation allows. IGT's momentum in U.S. sports betting is exciting and reinforces that we prioritize results for our customers over anything else."

IGT also announced a deal with the Western Canada Lottery Corporation to provide them with 700 CrystalDual Video Lottery Terminals (VLTs) in Saskatchewan by March 2019.

Totally Gaming says: It’s been a week of mixed emotions for IGT. On one hand, the firm has landed lucrative deals in both Canada and Mississippi, but on the other, Chairman of the Board Phil Satre jumped ship to Wynn. The recruitment process starts now!

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