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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 PlaySports technology will continue powering statewide sports betting in Rhode Island through 2026 following a three-year contract extension with the Rhode Island Lottery. This partnership, which began in 2018, has proven successful in generating revenue through mobile sports betting via the Sportsbook Rhode Island app and at casino locations. IGT's PlaySports technology has undergone significant enhancements to remain competitive in the regional market, a move praised by lottery officials. The agreement supports IGT's position as a leading supplier of gaming technology, leveraging a robust platform across over 80 venues in the U.S. and Canada.
International Game Technology (NYSE: IGT) has expanded its sports betting operations into New Mexico through a multi-year agreement with the Pueblo of Santa Ana tribe. The agreement involves deploying IGT's award-winning PlaySports platform, self-service kiosks, and advisory services at the Santa Ana Star Casino Hotel, replacing a competitor's technology.
CEO John Cirrincione emphasized the scalable and reliable turnkey solution IGT provides, enhancing performance and appeal for sports betting. IGT President Joe Asher noted the excitement surrounding this upgrade, recognizing the potential for substantial sportsbook growth. IGT PlaySports is operational at over 80 locations across the U.S. and Canada, signifying its robust presence in the gaming industry.
International Game Technology PLC (IGT) announced the posting of its Notice for the 2023 Annual General Meeting (AGM) and the 2022 Annual Report and Accounts. The AGM is scheduled for May 9, 2023, at IGT's registered office in London. Key documents are available for shareholders on the company's website, including the 2022 Annual Report on Form 20-F. These materials detail the company’s performance for the year ended December 31, 2022. IGT continues to emphasize its commitment to innovation in gaming across various platforms and has a strong operational presence globally.
On March 24, 2023, International Game Technology PLC (NYSE: IGT) announced that its Non-Executive Director, Marco Drago, sold $1,814,000 of 6.500% Senior Secured Notes due February 15, 2025, on March 17, 2023. The transaction had an aggregate value of $1,823,070. This disposal reflects ongoing financial management and the company's commitment to regulatory transparency under the Market Abuse Regulation. The company maintains a strong presence in the global gaming market, leveraging technology and insights to deliver innovative gaming solutions.
International Game Technology (IGT) has announced a new partnership with Gift & Go, a B2B gifting technology platform. This collaboration will integrate Gift & Go’s services into the IGT ADVANTAGE™ casino management system, allowing casino operators to enhance their promotional gift programs on slot machines. Players can redeem gifts fulfilled by Amazon Business, streamlining the gifting process and improving player retention. IGT's SVP, Ryan Reddy, emphasizes that this innovation will reduce storage needs and labor for casinos, while Gift & Go aims to boost revenue and player engagement through automation and personalization.
International Game Technology (IGT) is set to showcase its latest gaming innovations at the 2023 Indian Gaming Tradeshow & Convention in San Diego from March 27-30. Under the theme 'We've Got Game,' IGT will highlight Class II versions of popular games like Prosperity Link and Wheel of Fortune, alongside the DiamondRS cabinet. The showcase includes an array of new games, cabinets, and sports betting solutions aimed at enhancing tribal gaming experiences. The company will also host the Spirit of Sovereignty Slot Tournament to benefit tribal scholarships. IGT emphasizes its commitment to modernizing gaming floors and maximizing growth for tribal operators.
International Game Technology PLC (IGT) has entered a multi-year agreement with Graton Resort & Casino in Rohnert Park, California, to implement cashless gaming solutions through its Resort Wallet and IGTPay technologies. This integration enables guests to easily fund their play at over 3,000 slot machines, enhancing convenience and security. IGT's solutions were recognized for innovation in the gaming industry, winning multiple awards. Brian Green of Graton emphasized the benefits of these technologies in optimizing revenue and improving guest experience, while Ryan Reddy from IGT highlighted the growing acceptance and satisfaction among players.
On March 8, 2023, BetMGM launched the Wheel of Fortune Online Casino in New Jersey, marking the first brand-led online casino in North America. Collaborating with IGT (NYSE: IGT), the platform features America's Game®-branded slot titles and additional themed games. BetMGM aims to provide an innovative gaming experience, leveraging the iconic Wheel of Fortune brand, which celebrates its 40th season. Players can enjoy the casino via iOS, Android, and desktop. The launch reflects BetMGM's commitment to responsible gaming, partnering with MGM Resorts to offer gaming education resources.
International Game Technology PLC (IGT) has entered into a content agreement with Ruby Seven Studios, enhancing Ruby Seven's game portfolio by incorporating IGT's popular titles like Wheel of Fortune Slots and Wolf Run™ Eclipse. This partnership aims to bring well-known casino games to Ruby Seven's social casino applications, thereby expanding their offerings for players. Both companies have expressed enthusiasm about the collaboration, highlighting the potential for increased player engagement and success in the social casino market.
International Game Technology PLC (NYSE: IGT) announced a new partnership with BetSkybox to expand its IGT PlaySports™ technology in Ohio. This agreement will see the deployment of IGT's PlaySports QuickBet™ Kiosks in licensed restaurants and bars across the state. Executives from both companies highlighted the potential for enhanced sports betting experiences for fans in Ohio, particularly given the state’s vibrant professional and collegiate sports scene. The collaboration adds to IGT PlaySports' presence, which currently serves over 80 venues in the U.S. and Canada, showcasing IGT's capabilities in sports betting technology.
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