Welcome to our dedicated page for International Game Technology news (Ticker: IGT), a resource for investors and traders seeking the latest updates and insights on International Game Technology 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.
IGT (NYSE: IGT) has achieved an improved ESG Score of 4.3 out of 5.0 from FTSE Russell, placing the company in the 97th percentile within the Travel and Leisure sector. This marks an improvement from their previous score of 4.2 in 2023, demonstrating the company's ongoing commitment to sustainability.
The assessment is based on FTSE Russell's comprehensive ESG data model, which evaluates companies through over 300 individual indicators aligned with UN Sustainable Development Goals. The scoring system helps investors understand a company's exposure to and management of ESG issues across multiple dimensions.
IGT implements sustainable practices through its global Sustainable Play program, with the improved score validating their continued efforts in enhancing ESG performance.
IGT Global Solutions has secured a nine-year contract extension with the Tennessee Education Lottery (TEL), extending their partnership from June 2027 through June 2036. The agreement includes significant technological upgrades, featuring IGT's Aurora™ central system and OMNIA™ integrated lottery solution.
The upgrade package comprises new Retailer Pro S2 terminals with WinCheck S2 peripherals, Keno Show Controllers with WiFi capabilities, and enhanced Wizard back-office applications. TEL has raised over $7.5 billion for educational programs since its inception, with IGT serving as their technology provider since 2004.
The modernized system will provide TEL with improved user-friendly applications, tools, and reporting capabilities through components like Performance Wizard, Sales Wizard, Learning Wizard, and Retailer Wizard. IGT currently serves as the primary technology provider to 26 of 46 U.S. lotteries and maintains a strong presence among the world's largest lottery operations.
IGT and Graton Resort & Casino have announced the global debut of the Wheel of Fortune Trio cabinet, featuring the new Wheel of Fortune Cash Link Big Money video slots game at the Rohnert Park, California casino. This innovative gaming solution combines the legendary Wheel of Fortune gameplay with advanced hardware features.
The cabinet showcases a massive 76-inch mechanical wheel above three ultra-high-definition 49-inch portrait screen gaming machines, with a 140-inch-tall video backdrop. The new game includes the Cash Link coin collection feature, a Cash on Reels mechanic, and a Cash Link Multiplier offering up to 35X rewards, plus free games.
Since its 1996 launch, Wheel of Fortune slots has distributed nearly $3.6 billion in jackpots and created over 1,200 millionaires. IGT recently extended its licensing agreement with Sony Pictures Television through 2034 to continue producing Wheel of Fortune games.
IGT (NYSE: IGT) has achieved an improved score in the 2024 S&P Corporate Sustainability Assessment (CSA) for the fifth consecutive year, demonstrating strong ESG performance. The company received an overall CSA score of 62 on December 6, 2024, an eight-point improvement from the previous year, including a perfect score in transparency and reporting.
As one of 70 companies evaluated in the casinos and gaming category, IGT's performance places it in the top decile of the industry. The company's Sustainable Play program focuses on four key pillars: valuing and protecting people, advancing responsibility, supporting communities, and fostering sustainable operations.
The CSA, established in 1999 in collaboration with Dow Jones Indices (now S&P Dow Jones Indices), serves as a global sustainability benchmark. It evaluates companies across 61 industries using approximately 20 financially relevant sustainability criteria, with scores ranging from 0-100 across economic, environmental, and social dimensions.
International Game Technology (IGT) has announced it will host a conference call and live webcast on Tuesday, February 25, 2025 at 8:00 a.m. EST to discuss its fourth quarter and full year 2024 financial results for the period ended December 31, 2024.
Participants can pre-register for the conference call through a provided link to receive a dial-in number and unique PIN. Additionally, a live, listen-only webcast will be available under the 'Events Calendar' section on IGT's Investor Relations website, with a replay option available after the call.
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.
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.
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.
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.
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.
FAQ
What is the current stock price of International Game Technology (IGT)?
What is the market cap of International Game Technology (IGT)?
What are the main business segments of IGT?
Where is IGT headquartered?
What recent contracts has IGT signed?
What is IGT’s Global Lottery segment?
How does IGT support responsible gaming?
How many employees does IGT have?
What was the outcome of IGT’s legal disputes with Acres Manufacturing Company?
What are IGT’s recent financial highlights?
Which markets does IGT serve?
What technologies does IGT use to enhance gaming experiences?
