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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.
International Game Technology PLC (IGT) has secured a contract with Atlantic Lottery Corporation (ALC) to provide 1,375 CrystalDual® 27 video lottery terminals (VLTs) throughout 2022. The agreement includes launching themes like The Wild Life™, Big City 5's™, and The Price Is Right, which will be deployed in 2023. This move enhances IGT's strong presence in Atlantic Canada, where it has supplied VLTs for over 30 years. The CrystalDual 27 features two high-definition displays and a mobile charging port, aimed at modernizing ALC's gaming offerings and improving player experiences.
International Game Technology (IGT) has announced a definitive agreement to acquire iSoftBet for approximately €160 million. This acquisition is set to enhance the IGT PlayDigital content library, more than doubling its offerings to around 225 proprietary games. Additionally, iSoftBet will provide a robust third-party game aggregation platform, improving IGT's competitive capabilities in North America and Europe. The deal is expected to close in the second quarter of 2022, pending customary conditions.
IGT will showcase its innovative gaming solutions at the Indian Gaming Tradeshow and Convention (NIGA) from April 20-22, 2022, in Anaheim, California. Key highlights include the debut of the Hexbreak3r tournament solution and cashless gaming technologies like Resort Wallet™ and IGTPay™. The company aims to enhance growth opportunities for tribal operators while connecting with PlayDigital customers in the expanding sports betting market. Proceeds from the event will support tribal college scholarships.
International Game Technology announced the posting of its Notice of the 2022 Annual General Meeting (AGM) and the 2021 Annual Report for the year ended December 31, 2021. The AGM is scheduled for May 10, 2022, at 3:00 p.m. BST at IGT's London office. Shareholders can access the AGM materials and the 2021 Annual Report on the company's website. IGT is committed to implementing health and safety measures for the AGM in accordance with government guidelines. The company is a leader in gaming, providing diversified services globally.
International Game Technology (IGT) has secured a six-year contract with Singapore Pools to provide its Aurora central lottery system. This deal enables IGT to support Singapore Pools' high transaction volumes with advanced technology designed for lottery innovation and profitability. IGT's solutions, including Aurora Navigator, Data Connector, and Aurora Anywhere, will enhance operational efficiency and data management for Singapore Pools. The partnership reinforces IGT's longstanding presence in the lottery sector since 1986, ensuring secure and responsible gaming experiences in Singapore.
International Game Technology PLC (NYSE: IGT) has launched its offerings in Spain's Amusement with Prize (AWP) salones subsector. This move is supported by an exclusive agreement with Orenes Grupo, the leading gaming machine distributor in Spain. IGT introduced its Magic Fortune™ Link multi-level progressive game, featuring popular titles adapted for Spanish players. The salones sector comprises around 3,000 gaming halls focused on advanced video content. Ongoing player research will drive future game releases tailored to local preferences.
International Game Technology (IGT) has secured a contract with La Lotería Nacional (LOTENAL) in Mexico, extending their partnership until September 30, 2024. This agreement involves IGT providing a range of lottery solutions and sports betting services, including a central system for draw-based and instant ticket games, marketing services, and sports trading advisory services. The collaboration highlights a 30-year history of positive sales results benefiting social causes in Mexico. IGT's offerings will cover 8,400 lottery terminals nationwide, enhancing LOTENAL's product innovations.
International Game Technology (IGT) announced the filing of its 2021 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 3, 2022. This report includes audited financial statements for the year ending December 31, 2021. IGT emphasizes its commitment to providing a hard copy of the report free of charge to its security holders upon request. The report is accessible on both IGT's website and the SEC's portal. IGT is recognized as a leading global gaming provider, delivering engaging gaming experiences across various regulated channels.
International Game Technology PLC (IGT) reported strong financial performance for Q4 and full year 2021, achieving the highest revenue, profit, and cash flow in four years. Q4 revenue rose 19% to $1 billion, and full year revenue surged 31% to $4.1 billion. Key highlights include improved operating income, significant cash flow generation, and a reduction in net debt to $5.9 billion. IGT also reinstated a quarterly dividend and repurchased shares. The company aims for mid-single digit organic revenue growth and mid-teens operating income growth by 2025, with a solid outlook for 2022.
International Game Technology (NYSE:IGT) has announced the sale of its Italian proximity payment business to PostePay for €700 million. This transaction includes the sale of LIS Holding S.p.A. and LISPAY S.p.A., which generated approximately €228 million in gross revenues and €40 million in EBITDA in 2021. IGT aims to utilize the proceeds mainly to reduce debt, while streamlining its portfolio to focus on core assets. The deal is subject to regulatory approvals, with closing expected in Q3 2022.
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