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 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.
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.
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.
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.
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.
IGT (NYSE:IGT) reported Q3 2024 financial results following the announced sale of its Gaming & Digital business. Revenue reached $587 million, with operating income of $110 million including a $38 million restructuring charge. The company achieved an Adjusted EBITDA of $264 million with a 44.9% margin. Year-to-date cash from operations totaled $724 million, with $489 million from continuing operations. The quarter showed sustained momentum in Italy and improved U.S. instant ticket and draw game wagers. IGT introduced Q4'24 outlook projecting revenue of $640-690 million and full-year 2024 revenue guidance of $2.50-2.55 billion.
IGT Global Solutions , a subsidiary of International Game Technology PLC (NYSE:IGT), has signed a three-year contract with La Française des Jeux (FDJ), the French National Lottery operator, to deliver innovative instant ticket games. The contract was awarded after a competitive procurement process and builds on a longstanding partnership between IGT and FDJ.
Key aspects of the agreement include:
- Access to IGT's full suite of instant ticket games, including Infinity Instants™
- Focus on responsible and sustainable business practices
- Alignment with FDJ's business goals and sustainability priorities
IGT has been FDJ's primary lottery central system supplier since 2000, providing central system hardware, instant ticket vending machines, and ongoing technology support.
International Game Technology PLC (NYSE: IGT) will showcase its premium lottery solutions at the World Lottery Summit 2024 in Paris from October 21-24. IGT's booth will feature a 'Future Forward, Growth Driven' approach, displaying enhanced digital and retail products, new games, popular licensed brands, and innovative solutions to boost lottery sales and player engagement.
Key highlights include:
- Premier retail lottery solutions to modernize the retail environment
- OMNIA™, a comprehensive integrated solution for lottery operators
- Engaging instant tickets, including the revolutionary Infinity Instants™ printing platform
- Comprehensive iLottery portfolio with updated cloud-based player portal and mobile features
IGT executives will also participate in speaking events, discussing AI implications for lottery and industry perspectives.
International Game Technology PLC (NYSE:IGT) has announced its upcoming conference call and live webcast to discuss third quarter 2024 results for the period ended September 30, 2024. The event is scheduled for Tuesday, November 12, 2024, at 8:00 a.m. EST.
Participants are encouraged to pre-register for the conference call by clicking on a provided link, which will provide them with a dial-in number and unique PIN. Additionally, a live, listen-only webcast will be available under the 'Events Calendar' on IGT's Investor Relations website at www.IGT.com. A replay of the webcast will also be accessible on the website following the call.
IGT PlayDigital's Engagement Platform has been awarded 'Digital Product of the Year' at the 2024 Global Gaming Awards Americas, held in conjunction with G2E in Las Vegas. This prestigious recognition highlights the platform's innovative suite of player-engagement marketing tools designed to enhance online gameplay experiences.
Gil Rotem, IGT PlayDigital President, emphasized that this award reflects the value, innovation, and scalability of their Engagement Platform. The platform offers operators a unique toolset including:
- Player Hub with personalized game content
- Prize Engine featuring personalized promotions, cash drops, free rounds, leaderboards, and prize draws
These data-driven features aim to maximize real-time player engagement and drive commercial results in the fast-moving digital gaming space.
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