Satre just an IGT director; that's all
Satre, 59, is the highly respected former chairman and CEO of Harrah’s Entertainment who retired from the company in 2005 after spending 25 years with the casino operator.
Investors shouldn’t look between the lines. Satre, a Northern Nevada native, is not angling for a management position with the Reno-based slot machine giant.
“We are pleased to see IGT bring in some fresh ideas (and) perspectives to its board,” Macquarie Capital gaming analyst Joel Simkins said in a research note Thursday. “However, we do not believe investors should read anything further into the news.”
Simkins has been one of IGT’s harshest critics on Wall Street. Earlier this month, he downgraded his rating on the company.
“We do not see any further changes in senior leadership near term, but expect Satre to lend some valuable management advice as well as key relationships amongst the major gaming operators,” Simkins said.
Comment section guidelines
The below comment section contains thoughts and opinions from users that in no way represent the views of the Las Vegas Review-Journal. This public platform is intended to provide a forum for users of reviewjournal.com to share ideas, express thoughtful opinions and carry the conversation beyond the article. Users must follow the guidelines under our Commenting Policy and are encouraged to use the moderation tools to help maintain civility and keep discussions on topic.