Steve Rittvo moves to Innovation Project Development

Innovation Group founder Steve Rittvo is departing from the company to become chairman and CEO of Innovation Project Development, a company born of The Innovation Group in 2005.

"It's a bittersweet transition, to be sure," said Rittvo. "What began as a planning and research firm has diversified into a number of successful affiliate companies now implementing the recommendations and analysis of our core work. It has been an incredible pleasure to shape and grow The Innovation Group of companies into an industry-leading gaming consultancy over the last 30 years,” he said.

As chairman and CEO of Innovation Project Development, where he has been majority stockholder since its inception, Rittvo plans to extend the business' current focus on construction, site analysis and project management into the broader and more intense activities of direct project development.

"We are off to an outstanding start," said Rittvo, "and recently announced our first project as a principal. With The Cordish Companies as lead partner, Madrid Live - a 300 acre, $2 billion project - was submitted to the Madrid Regional Government for acceptance late last year."

While Rittvo formally departs TIG on February 1, he will maintain a close relationship with the organization, serving the firm on an advisory basis and under special circumstances.

More news from this jurisdiction

ElsewhereThursday, Mar 22, 2018

Pari Mutuel Urbain (PMU) is seeking growth opportunities in Asia after a push into international markets helped to drive 2 percent growth in revenue last year, the first in five years.

ElsewhereWednesday, Mar 21, 2018

Only about 10 of the thousands of bitcoin companies springing up through international coin offerings are likely to be viable businesses in five years’ time, nChain Group CEO Jim Nguyen told delegates at the ASEAN Gaming Summit.

Macau, ElsewhereMonday, Mar 19, 2018

Tom Light, senior vice-president of business development at SBTech, is to leave the group to establish a new business venture that will unite blockchain and gambling.

ElsewhereSaturday, Mar 17, 2018

Scientific Games said it has a 15-year contract to supply all games, technology and services to the newly launched National Lottery of Kazakhstan.

ElsewhereWednesday, Mar 14, 2018

Omni-channel slots specialist Play’n GO has partnered with acclaimed doom metal band Candlemass to launch its dark new slot House of Doom.

ElsewhereWednesday, Mar 14, 2018

Slots and table games provider Habanero has agreed to supply its content to casino brands via Solid Gaming, one of Asia’s largest aggregators.

ElsewhereTuesday, Mar 13, 2018

Online gambling operator Dafabet has announced it will be closing its UK facing online casino amid a raft of regulatory pressure in the industry.