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IGT UK ABSORBS WAGERWORKS

IGT-UK and WagerWorks announced a restructuring of their respective UK businesses this week as a result of which the UK operations of WagerWorks are to be integrated into the IGT UK activities.  Both companies are IGT subsidiaries.
 
The merged operations will be managed by newly appointed Oliver Lofthouse as Director and General Manager. He was previously a Director at Mars Snackfoods, holds an MBA and will replace John Wimsett, who has recently been appointed Managing Director of IGT South America. Lofthouse, who will join the company on September 22th 2008, will report directly to Robert White, and will join the IGT-UK Executive Committee.
 
Lofthouse will be responsible for managing and developing the WagerWorks online gaming business in the UK and continental Europe, as well as continuing to focus on its existing casino supply business in the UK.
 
White explained: “As our respective customer bases and technologies are increasingly converging, the integration of the UK division of WagerWorks into IGT-UK Gaming is a natural next step. This is consistent with our strategy of developing new markets and new routes to market for IGT-UK’s market-leading game content and systems, and builds on the recent acquisitions of Cyberview and Million-2-1.
 
“I am delighted to welcome Oliver to the Group and look forward to working with him to develop the newly integrated IGT-UK Gaming business in the future. He added: “I would also like to take this opportunity to thank John Wimsett for his outstanding contribution to IGT-UK Gaming over the past six years, and to wish him the best of luck in his new role in South America.”
 
Paul Mathews, the current President of WagerWorks and Senior Vice President of IGT’s Thin Client Systems Group, will continue to lead all Thin Client product management, system and game development in USA, which supports WagerWorks and its customers.
 
IGT acquired Wagerworks in 2005.



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