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 (IGT) delivers cutting-edge gaming solutions across lottery systems, digital wagering platforms, and regulated sports betting markets worldwide. This page provides official updates and press releases essential for understanding the company's strategic direction.
Access real-time announcements on financial results, product innovations, and regulatory milestones. Investors and industry professionals will find curated information spanning earnings reports, technology partnerships, new market entries, and corporate responsibility initiatives.
All content is verified for accuracy and relevance to IGT's core operations in gaming machines, omnichannel systems, and government-regulated lottery services. Bookmark this page for efficient tracking of developments impacting global gaming markets and IGT's position as an industry leader.
IGT has expanded its partnership with SuperBook Sports to Tennessee, marking the fourth state to adopt its PlaySports technology for mobile betting. This follows previous implementations in Colorado, New Jersey, and Arizona. SuperBook aims to enhance its offerings with localized promotions and competitive betting solutions in Tennessee. The launch is part of IGT's broader strategy to engage U.S. sports fans and grow its market presence, recognized by its recent award as Sports Betting Platform Provider of the Year. IGT operates in over 20 U.S. states and Canada.
IGT delivers 960 Cobalt VLTs to Manitoba Liquor and Lotteries Corporation
On June 7, 2022, IGT announced the installation of 960 Cobalt™ 27 video lottery terminals (VLTs) in Canada, marking its debut in the region. The Cobalt VLTs are designed with two 27-inch screens and ergonomic features for player comfort. They will include popular games such as Temple of Fire Cash Eruption and new themes like The Wild Life Extreme. This partnership aims to modernize VLT gaming in Manitoba, enhancing player engagement and operational capabilities.
IGT Secures 10-Year Contract Extension with Kansas Lottery
International Game Technology PLC (NYSE: IGT) has announced a 10-year contract extension with the Kansas Lottery to implement an upgraded version of its INTELLIGEN electronic gaming central system. This extension will last until December 14, 2032, and aims to improve network management for electronic gaming machines. The enhanced system includes advanced business intelligence tools and disaster recovery technology, intended to optimize operations and revenue generation for the Lottery.
International Game Technology (IGT) has signed a multi-product systems technology agreement with Harrington Raceway and Casino to upgrade its gaming floor. This deal includes deploying the latest IGT ADVANTAGE casino management system, TournXtreme tournament technology, and Mobile Host and Mobile Responder apps. These technologies aim to enhance player engagement, productivity, and operational efficiency. IGT's solutions will also feature personalized bonuses and cashless technology, potentially driving growth and improving guest satisfaction.
IGT has launched its Money Mania™ Wide Area Progressive (WAP) video slots game in key commercial gaming jurisdictions, including Nevada and New Jersey, following a successful rollout in tribal casinos. The game, featuring themes like Pharaoh's Fortune and Cleopatra, is designed on the award-winning PeakSlant32™ cabinet and aims to enhance player engagement with frequent jackpots. Early reports indicate that it is delivering over twice the average play rate in many locations, indicating strong market performance and potential for sustained growth.
International Game Technology (IGT) has announced the deployment of its IGT ADVANTAGE casino management system at the upcoming NUSTAR Resort and Casino in Cebu, Philippines. The casino will feature the first Peak49 cabinets in Asia, enhancing gaming experiences with advanced technology and data analytics. This partnership aims to optimize casino operations and customer loyalty through cashless gaming options in the future. The NUSTAR Resort will also showcase popular IGT games, setting a new standard for entertainment in the region.
International Game Technology (IGT) reported a 4% increase in revenue, reaching $1.1 billion, driven by a 42% surge in Global Gaming product sales. Operating income stood at $252 million, with a margin exceeding expectations at 24%. Adjusted EBITDA remained strong at $433 million, maintaining a 41% margin. The company returned a record $80 million to shareholders in dividends and share buybacks. IGT reaffirmed its full-year outlook for 2022, targeting revenues between $4.1 billion and $4.3 billion.
IGT has achieved Global Gambling Guidance Group (G4) responsible gaming accreditation for its sports betting operations, making it the first U.S. supplier in the gaming industry to do so. This certification covers IGT's lottery, gaming, digital, and sports betting segments, underscoring the company's commitment to responsible gaming initiatives. IGT previously received G4 certification for its gaming operations in 2017 and digital solutions in 2019. The accreditation promotes best practices in player protection and responsible gaming across its platforms.
International Game Technology PLC (IGT) will host a conference call to discuss its first quarter 2022 results for the period ending March 31, 2022. The call is scheduled for Tuesday, May 10, 2022, at 8:00 a.m. EDT. Investors can register for the call here. A live webcast will also be accessible on the IGT Investor Relations website, with a replay available afterward. For more information, visit www.IGT.com.
