IGT records dire 2020 opening as COVID-19 impacts all primary revenues

first_imgShare TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 StumbleUpon Related Articles Submit Share IGT Plc has declared a tough opening to 2020 trading, reporting that COVID-19 restrictions have impacted ‘all business segments operating all primary revenue streams’. Dire Q1 2020 metrics saw the firm record an 18% decline in group revenues to $940 million (Q12019: $1.14bn) As a consequence of Mid-march lockdown orders the New York-listed technology group abruptly lost its revenue streams from global casino and gaming hall closures. Further virus impacts saw IGT’s North American and Italian lottery segments record drastic declines in customer transactions through retail point of sale systems.All IGT core business units comprising North America (-16%), Interactive (-20%), Italy (-36%) and International (-11%) recorded double-digit revenue declines during the trading period.Operating under severe revenue constraints, IGT also posted a group EBITDA decline of 26% to $309 million (Q12019: $417m).Closing its Q1 2020 accounts, IGT reported an operating loss of $197 million (Q1 2019: $178m), in part attributed to the firm carrying a $296 million goodwill impairment charge, reducing the carrying value of its North American and international units.   In its statement, the company moved to reassure investors, saying that the goodwill charge will have no impact on its operations, cash flow, ability to service debt, compliance with financial covenants, or underlying liquidity.Further key metrics saw IGT continuing its stated objective of reducing long-term corporate debt which stands at  $7.1 billion (Q12019: $7.7bn).“After a solid start in the first two months of the year, we quickly shifted our focus to the global COVID-19 health crisis in March,” said Group CEO Marco Sala. “The safety and well-being of our people, customers, and communities have been our highest priority since day one. We implemented robust business continuity plans and maintain service levels at our normal, high standards. I am grateful for the passion and perseverance the entire IGT team has demonstrated during these unprecedented times and I am confident IGT is well-positioned to emerge from the crisis a stronger, even more competitive organization.” Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 CT Gaming bolsters Italian profile with The Betting Coach  August 27, 2020last_img read more

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Dodgers’ Cody Bellinger is unanimous choice as NL Rookie of the Year

first_img Dodgers head to Mexico to face Padres in May 2018 “For me, obviously now in the big leagues there’s so much video to where you can study a pitcher you haven’t faced before and I tried to take full advantage of that,” Bellinger said. “Whether it was working in the cage or on the computer, it’s all the same. I just tried to be consistent with it.”Bellinger bounced between the outfield and first base for awhile before taking over from injured veteran Adrian Gonzalez at first base. By the All-Star break, he had established himself as one of the league’s top power hitters. Bellinger made the NL All-Star team by the player vote, becoming the youngest position player in Dodgers history to make the All-Star team.“I think the veterans on the team have helped him immensely – how to go about preparing and how to handle success, struggles, how to handle this market, how to handle being a major-league player,” Dodgers manager Dave Roberts said.“Cody himself is really – in his make-up, his DNA – just is really even-keeled, and he knows he belongs here, and knew that early on. He has the talent.”When Bellinger was promoted from Triple-A in April, the Dodgers were 9-11. With Bellinger in their starting lineup, the Dodgers went 89-38 the rest of the way.Bellinger broke the National League rookie record for home runs, finishing with 39, and had the fourth-highest slugging percentage (.581) for an NL rookie since 1901. He led the Dodgers in home runs, RBIs (97), runs scored (87), slugging percentage and total bases (279) despite spending the first 20 games in the minors. He is the first rookie to lead a 100-win team in both home runs and RBIs.“The future is bright in L.A. Not even just us,” Bellinger said when asked about following Seager as Rookie of the Year in the NL. “The whole team is pretty young and we’ve got the right veteran guys with a great coaching staff. I know that I’m excited as well as my other teammates.”DODGERS ROOKIE OF THE YEAR AWARD WINNERS1947 – 1B Jackie Robinson1949 – RHP Don Newcombe1952 – RHP Joe Black1953 – 2B Jim Gilliam1960 – OF Frank Howard1965 – 2B Jim Lefebvre1969 – 2B Ted Sizemore1979 – RHP Rick Sutcliffe1980 – LHP Steve Howe1981 – LHP Fernando Valenzuela1982 – 2B Steve Sax1992 – 1B Eric Karros1993 – C Mike Piazza1994 – OF Raul Mondesi1995 – RHP Hideo Nomo1996 – OF Todd Hollandsworth2016 – SS Corey Seager2017 – 1B-OF Cody Bellinger Yasiel Puig and Dodgers recognized for defensive excellence in 2017 Like Seager, Bellinger was a unanimous choice, receiving all 30 votes in the NL balloting. He is the 22nd player (the 13th National Leaguer) to win the award unanimously since 1949.“It’s a huge honor,” Bellinger said after the official announcement. “Now that the season’s over, I’m really trying to reflect on how crazy this season was. To have this award to top it off and be a part of those big-name guys (past winners) – it’s special to me.”Yankees outfielder Aaron Judge was also a unanimous choice as the American League Rookie of the Year. It is the fourth time in the awards history that the winner in both leagues was a unanimous selection.“Watching him from the West Coast, what he did on the East Coast was awesome. I was a big fan of his,” Bellinger said of Judge who broke the major-league rookie record with 52 home runs. “I got to meet him at the All-Star Game and he’s a humble dude. I think we’re both reflecting now that the season’s over on the kind of seasons we had.”Bellinger’s call to the big leagues came much earlier than September. He made his major-league debut on April 25 in San Francisco after outfielder Joc Pederson went on the DL with a groin injury.  He hit his first home run in his fifth game – and his second later in the same game. It was the first of six multi-homer games for Bellinger, who hit 19 in his first 50 big-league games. Cody Bellinger is quite an overachiever.Then just 21 years old, Bellinger headed to Triple-A Oklahoma City out of spring training with modest goals for the 2017 season.“A September call-up,” he said later. “That was the goal in spring training. Obviously I wanted to be up here earlier. But to be honest, the team that we had I just didn’t think there was a chance. Everything else that came this year has been crazy.”Related Articles That craziness was capped Monday when Bellinger was named the National League Rookie of the Year. The Dodgers first baseman-outfielder becomes the 18th player in franchise history to win the ROY, following immediately on the heels of 2016 winner, shortstop Corey Seager. Dodgers have eyes on Shohei Ohtani, Japan’s unique two-way star Dodgers’ Corey Seager wins his second Silver Slugger Award Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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