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International Game Technology PLC - IGT STOCK NEWS

Welcome to our dedicated page for International Game Technology PLC news (Ticker: IGT), a resource for investors and traders seeking the latest updates and insights on International Game Technology PLC stock.

International Game Technology PLC (IGT) is a leading global gaming company that ensures players enjoy entertaining and responsible gaming experiences across multiple channels. With its roots in both the largest global lottery business and the world leader in gaming equipment, IGT offers comprehensive solutions through its three primary segments: Global Lottery, Global Gaming, and PlayDigital. The Global Lottery segment, which generates the highest revenue, supplies lottery products and services to governmental organizations through various contractual agreements. Meanwhile, Global Gaming focuses on providing gaming machines, systems, and services, and PlayDigital caters to the digital gaming space, offering a broad array of online games and sports betting solutions.

Headquartered in London, IGT commands a significant market presence, with a considerable portion of its revenues stemming from the United States. The company has built robust relationships with governments and regulators in over 100 jurisdictions worldwide. IGT’s operational excellence and commitment to innovation are reflected through its wealth of compelling content, significant investment in technology, and player insights, which together drive unparalleled gaming experiences and growth.

In recent developments, IGT has been actively expanding its reach and enhancing its service offerings. Notably, it has signed agreements to modernize video poker across the Netherlands and to implement new gaming features for the Atlantic Lottery in Canada. Additionally, IGT has extended its contract with the Mississippi Lottery to continue providing online gaming systems and instant ticket services through 2029.

IGT has also made headlines for resolving legal disputes with Acres Manufacturing Company, which will allow both companies to collaborate on innovative cashless gaming solutions. Furthermore, IGT has reported strong financial results for the first quarter of 2024, driven by better-than-expected performance across its segments and upgraded full-year revenue and profit goals.

Through its Global Lottery segment, IGT remains the primary technology provider to numerous lotteries, including some of the largest in the world. The company’s comprehensive approach, leveraging cloud-based remote game servers and advanced gaming technology, has positioned it at the forefront of the gaming industry. IGT’s commitment to responsible gaming and adherence to high standards of service and integrity continue to drive its success in creating value for stakeholders.

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International Game Technology (IGT) has secured prestigious recognition at two major award programs during ICE Barcelona 2025. The company achieved the 'Lottery Product of the Year' award for its IGT LotteryLink™ solution at the International Gaming Awards, marking its third consecutive win in this category. The product was praised for revolutionizing in-store lottery ticket sales with its universal applicability and user-friendly features.

Additionally, IGT was named 'Best Diversity and Inclusion Employer' at the European Casino Awards for the fourth consecutive year, highlighting the company's commitment to fostering an inclusive workplace. Both awards were judged by panels of leading gaming industry professionals and experts.

Jay Gendron, IGT's Chief Operating Officer Global Lottery, emphasized the company's dedication to innovation in lottery solutions, while Brian Blake, Vice President of Talent, Culture & Inclusion, reinforced IGT's commitment to creating supportive work environments that prioritize employee growth and success.

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IGT (NYSE:IGT) has secured a seven-year contract extension with LOTTO Thüringen in Germany to modernize their lottery system. The agreement involves deploying IGT's Aurora™ retail central system technology and software upgrades, with implementation scheduled for March 2026.

The Aurora platform, part of IGT's OMNIA™ omnichannel solution, will manage LOTTO Thüringen's transaction processing, game management, and back-office operations. The system offers intuitive applications, tools, and reporting capabilities designed to enhance lottery innovation and profitability.

IGT maintains its position as the global lottery market leader, serving as the primary technology provider to 26 of 46 U.S. lotteries, eight of the world's 10 largest lotteries, and 16 of the world's top 25 lotteries.

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IGT (NYSE: IGT) has secured a significant 10-year contract with Luxembourg's Loterie Nationale through its subsidiary IGT Global Services The agreement involves deploying IGT's advanced OMNIA™ solution, including cloud-based iLottery system, remote game server, central gaming system upgrade, and new point-of-sale terminals.

The contract, awarded through European public procurement, extends through 2036 and builds on IGT's 20-year partnership with Loterie Nationale. The implementation includes updated Retailer Pro terminals, GameTouch™ and GameTouch™ Draw S2 self-service lottery vending machines. IGT's OMNIA platform offers integrated retail and digital lottery solutions with comprehensive reporting capabilities and responsible gaming features.

IGT maintains its position as the global lottery market leader, serving as the primary technology provider to 26 of 46 U.S. lotteries, 8 of the world's 10 largest lotteries, and 16 of the top 25 global lotteries.

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IGT (NYSE: IGT) has maintained its AAA MSCI ESG rating for the second consecutive year, demonstrating its leadership in managing environmental, social, and governance risks and opportunities. The company excelled particularly in governance, product safety and quality, carbon emissions, and labor management.

The MSCI ESG rating system evaluates companies on an AAA-CCC scale based on their exposure to ESG risks and risk management capabilities. IGT's achievement validates its Sustainable Play initiatives and commitment to protecting its workforce, advancing responsibility, supporting communities, and maintaining sustainable operations.

MSCI ESG Research provides comprehensive analysis of ESG-related business practices for thousands of companies worldwide, offering insights for institutional investors and contributing to the construction of MSCI ESG Indexes.

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IGT (NYSE: IGT) has achieved recertification from the World Lottery Association (WLA) for its lottery and iLottery operations, specifically for WLA's Corporate Social Responsibility Standards and Responsible Gaming Framework for Suppliers. The certification, aimed at minimizing problem gambling impact, was granted following a comprehensive assessment by Gambling Integrity Services across eight key areas: research, employee programs, product development, remote gaming environment, advertising, client awareness, stakeholder engagement, and reporting.

The recertification validates IGT's responsible gaming leadership and commitment to providing effective responsible gaming technologies to lottery customers globally. This achievement aligns with IGT's Sustainable Play program, where 'Advancing Responsibility' serves as a key pillar, demonstrating the company's dedication to operating with high integrity in protecting people, products, and processes.

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IGT (NYSE: IGT) has become the first gaming industry supplier to receive the Internet Compliance Assessment Program (iCAP) Ready accreditation from the National Council on Problem Gambling (NCPG) for its iLottery operations. The iCAP Ready program is designed specifically for gaming suppliers committed to maintaining responsible gaming standards across their products and services.

The accreditation process involved an independent audit of IGT's responsible gaming policies and practices, followed by a third-party compliance assessment on behalf of NCPG. The certification ensures that IGT's responsible gaming framework meets iCAP Ready's objectives of consumer protection and safer gambling practices.

The program utilizes best practices from the Internet Responsible Gambling Standards, requiring suppliers to implement and maintain responsible gambling policies, provide effective staff training, and offer comprehensive player support tools.

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IGT (NYSE: IGT) announced its showcase lineup for ICE Barcelona 2025, featuring over 150 unique gaming products. The highlight is the international debut of Tiger and Dragon™, a multi-level progressive game that maintains approximately 3x zone and house average performance. Named 'Best Slot Product' in the 2025 GGB Gaming & Technology Awards, it will be displayed on the PeakCurve™49 cabinet.

The company is introducing localized content including IGT UNITE™ multi-game bundles for Eastern Europe, featuring Magic Treasures™ and Egyptian Link™ games. For the Spanish market, IGT presents Diamond Mania™, specifically designed for the 'Salones Espana' Sector. The event will also showcase the new Sierra™27 cabinet and enhanced IGT GameAce™ electronic table games solution, including a new synchronized auto roulette offering and Wheel of Fortune branded content.

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Playtika (NASDAQ: PLTK) has partnered with IGT (NYSE:IGT) to integrate IGT's popular slot themes into Playtika's social casino games portfolio. The collaboration will bring renowned IGT slots to Slotomania, Caesars Slots, and House of Fun. Cleopatra II will be the first game to launch in Slotomania on December 26, 2024, with additional IGT titles rolling out throughout 2025. The games will be available for free through the Apple Store and Google Play store, offering players virtual casino entertainment without real money rewards.

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International Game Technology (IGT) announced the expiration of the Hart-Scott-Rodino Act waiting period for its previously announced transaction. The deal involves IGT's Gaming & Digital business and Everi Holdings being acquired by a new holding company owned by Apollo Global Management funds. The waiting period expired on November 20, 2024, marking a significant milestone toward completing the transaction. The deal is expected to close by the end of Q3 2025, subject to additional regulatory approvals and conditions.

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Everi Holdings (NYSE: EVRI) announced that its stockholders have overwhelmingly approved the company's acquisition by Apollo Global Management funds. The deal, which includes the simultaneous acquisition of IGT's Gaming & Digital business, received 99.88% approval from voting shares, representing 71.48% of total outstanding shares. Stockholders will receive $14.25 per share in cash. The transaction is expected to close by the end of Q3 2025, subject to closing conditions.

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FAQ

What is the current stock price of International Game Technology PLC (IGT)?

The current stock price of International Game Technology PLC (IGT) is $17.41 as of January 22, 2025.

What is the market cap of International Game Technology PLC (IGT)?

The market cap of International Game Technology PLC (IGT) is approximately 3.5B.

What are the main business segments of IGT?

IGT operates through three primary business segments: Global Lottery, Global Gaming, and PlayDigital.

Where is IGT headquartered?

IGT is headquartered in London, England.

What recent contracts has IGT signed?

IGT recently signed contracts with the Atlantic Lottery in Canada and extended its contract with the Mississippi Lottery to continue providing online gaming systems and instant ticket services through 2029.

What is IGT’s Global Lottery segment?

IGT’s Global Lottery segment provides lottery products and services to governmental organizations under various contractual agreements, and it generates the highest revenue for the company.

How does IGT support responsible gaming?

IGT ensures responsible gaming by adhering to the highest standards of service and integrity, and by providing entertaining yet responsible gaming experiences across all channels.

How many employees does IGT have?

IGT employs approximately 11,000 people globally.

What was the outcome of IGT’s legal disputes with Acres Manufacturing Company?

IGT resolved all legal disputes with Acres Manufacturing Company, allowing both companies to focus on driving innovation in the cashless gaming space.

What are IGT’s recent financial highlights?

For the first quarter of 2024, IGT reported consolidated revenue of $1.07 billion and upgraded its full-year revenue and profit goals due to strong performance in its key segments.

Which markets does IGT serve?

IGT serves markets globally, with a significant presence in over 100 jurisdictions, including a major revenue contribution from the United States.

What technologies does IGT use to enhance gaming experiences?

IGT leverages advanced technologies such as cloud-based remote game servers, sophisticated gaming hardware, and comprehensive digital content to provide top-notch gaming experiences.
International Game Technology PLC

NYSE:IGT

IGT Rankings

IGT Stock Data

3.49B
109.04M
43.46%
49.08%
0.86%
Gambling
Consumer Cyclical
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United States of America
London