Interactive gaming software and services provider GTECH has appointed Michael Chambrello as the new chief executive officer of its North America Lottery division.
Chambrello, who previously served as chief executive officer of Scientific Games, will begin his new role on March 23 and report directly to GTECH chief executive officer Marco Sala.
Chambrello will oversee the development and delivery of all lottery technology solutions globally as well as the strategic development and management of the lottery business in the US and Canada.
In addition, Chambrello will assume responsibility for GTECH’s global instant ticket printing business.
Chambrello previously enjoyed a 17-year spell with GTECH before opting to leave for Scientific Games in 1998.
During his first spell at GTECH, he held a number of senior roles such as president of GTECH Corporation and executive vice-president of GTECH Holdings Corporation.
Whilst at Scientific Games, Chambrello first served as president and chief operating officer before being promoted to the role of chief executive officer, a position he then vacated in 2013.
Prior to his time with GTECH, he also held senior roles with Systems Products Holdings and Transmedia Asia Pacific.
Speaking about the appointment, Sala said: “Mike is an accomplished gaming industry leader with a deep understanding of the lottery industry.
“A true lottery pioneer, Mike joined GTECH at a time when the US lottery industry was rapidly expanding and was a key contributor to our growth.
“His unique experience and insight, as well as his understanding of our organisation, will help us to seamlessly transition to new leadership and partner with our customers to navigate the many opportunities and challenges that lie ahead.”
Meanwhile, GTECH has announced the closing of the offering of a series of senior secured notes.
As reported by iGaming Business, the senior notes will be used as part of GTECH’s financing for the acquisition of gaming products designer and manufacturer International Game Technology (IGT).
The series of senior secured notes amount to a total of approximately $5 billion (€4.4 billion), comprising denominations in US dollars ($3.2 billion) and Euros (€1.6 billion).
Following this closing, the commitment for GTECH’s 364-day senior bridge term loan credit facility for the financing of the acquisition of IGT was terminated.
source : www.igamingbusiness.com