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IGT Continues Multi-Level Progressive Momentum with New Tiger and Dragon Game on the PeakCurve49 Cabinet

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International Game Technology (IGT) announced the launch of its new multi-level progressive (MLP) game, Tiger and Dragon, on the PeakCurve49 cabinet. This game features innovative mechanics and high bonus frequencies, creating an engaging entertainment experience. Tiger and Dragon offers two base games, Multiplier and Cash On Reels, each with unique bonuses. The game introduces a new lock-and-respin feature and reveal bonus structure, enhancing win potential. The PeakCurve49 cabinet's vivid graphics and LED signage further enhance the game's appeal. This launch is part of IGT's strategic focus on advancing its game performance in the MLP sector.

Positive
  • New game launch enhances IGT's portfolio in the MLP space.
  • Introduction of innovative mechanics with high bonus frequencies.
  • Tiger and Dragon features an engaging lock-and-respin and reveal bonus structure.
  • PeakCurve49 cabinet offers vivid graphics and LED signage, improving user experience.
  • The game’s design improves player engagement and entertainment value.
Negative
  • No specific financial data or projections included in the PR.
  • Potential high development and deployment costs for new gaming technologies.
  • Uncertain market response and player adoption rates for the new game.

Insights

The introduction of the Tiger and Dragon™ game by IGT on the PeakCurve™49 cabinet demonstrates the company's ongoing innovation in the multi-level progressive (MLP) slot machine market. This is a strategic move to capture more market share in an industry that values novelty and player engagement.

From a market research perspective, the combination of new game mechanics with proven features is likely to attract both new and existing players. The use of focus groups and extensive research to develop this game indicates a data-driven approach to product development, which can often lead to greater player satisfaction and, ultimately, higher revenues for casino operators.

However, while new games can create excitement, their success depends on consistent player engagement and the ability to maintain interest over time. The long-term success will largely depend on how well this game performs compared to competitors and how frequently players return to it.

IGT's release of the Tiger and Dragon™ game should be viewed within the broader context of their recent performance in the MLP segment. Their earlier successes with games like Prosperity Link suggest that this new release might continue to bolster their revenue streams. The PeakCurve™49 cabinet, which houses this game, is also a significant investment, reflecting confidence in the hardware's ability to attract players and generate income.

From a financial perspective, the implications are twofold. In the short term, the launch could drive up revenues through increased sales of the game to casinos. Additionally, the game’s performance on casino floors will be important for sustaining long-term financial growth. High bonus frequencies and engaging mechanics are likely to encourage repeat play, which can translate into steady income for both casinos and IGT.

Investors should monitor the initial performance metrics and any reported earnings related to this new game to gauge its impact on IGT's financial health. Analyzing quarterly earnings reports following this release will provide more concrete data on the game's success and its financial contribution.

Dazzling new theme introduces innovative mechanics and gameplay features on proven hardware

LONDON, May 20, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its new multi-level progressive ("MLP") game, Tiger and Dragon™, recently debuted on casino floors across the U.S. Available on the sleek PeakCurve™49 cabinet, Tiger and Dragon combines new and proven mechanics with high bonus frequencies for an action-packed entertainment experience.

"We made a commitment to advancing IGT's game performance with strong multi-level progressive content and leveraged our extensive research and focus group capabilities to achieve this with the award-winning Prosperity Link and Mystery of the Lamp MLP games," said Dubravka Burda, IGT SVP Global Studios. "Bolstered by our strong momentum in the MLP space, we combined proven game mechanics with exciting new features and gameplay in the development of Tiger and Dragon. We're excited to unveil this extremely fun and entertaining game with our casino operator partners and their players."  

The Tiger and Dragon MLP is available in two base games, Multiplier and Cash On Reels™. Both games feature three unique bonuses: Tiger, Dragon, and the combined Tiger and Dragon bonus. The game introduces an entirely new lock-and-respin and reveal bonus structure featuring money ball symbols with credit values that can combine. In another new game mechanic, when gong symbols on reels land in the same row, monetary winnings are revealed. Adding to the gameplay excitement are the game's "up arrows" that appear on reels and increase credit values exponentially.

The game's Tiger bonus presents win opportunities on a 3x5 reel matrix, and both the Dragon bonus and the combined Tiger and Dragon bonus advance the reels to an 8x5 reel matrix for big win potential. The vibrant game stands out on the gaming floor on the PeakCurve49 cabinet with unique merchandising options, vivid graphics and LED signage.

To learn more about IGT's Tiger and Dragon game, click here. For more information on IGT, visit IGT.com, follow us on FacebookLinkedIn, and X, or watch IGT videos on YouTube.

About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall," "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2023 and other documents led from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, +39 06 5189 9184; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

© 2024 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

 

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SOURCE International Game Technology PLC

FAQ

What is the new game launched by IGT?

IGT launched a new multi-level progressive game called Tiger and Dragon on the PeakCurve49 cabinet.

What are the base games in IGT's Tiger and Dragon?

The base games in Tiger and Dragon are Multiplier and Cash On Reels.

What new features does the Tiger and Dragon game offer?

Tiger and Dragon introduces a lock-and-respin feature, a reveal bonus structure, and unique bonuses.

On which cabinet is the Tiger and Dragon game available?

Tiger and Dragon is available on the PeakCurve49 cabinet.

What is the significance of the PeakCurve49 cabinet in the new IGT game?

The PeakCurve49 cabinet offers vivid graphics and LED signage, enhancing the gaming experience.

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