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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 (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.
International Game Technology PLC (IGT) has signed a 20-year contract extension with the Rhode Island Lottery, ensuring exclusive supply of lottery services through June 30, 2043. The deal includes maintaining 1,100 jobs in Rhode Island and involves a $155 million investment. IGT will upgrade lottery systems over the contract period, introducing its Aurora™ product and enhancing the iLottery system in 2023. IGT will also pay $27 million to the state, supporting economic development initiatives.
International Game Technology PLC (IGT) announced a multi-year agreement to expand its instant ticket business in Germany with Staatliche Toto-Lotto GmbH Baden-Württemberg (Lotto BW). This partnership will see IGT provide comprehensive instant ticket printing services, including game development and marketing expertise through its Instants Advantage™ program. The collaboration is expected to enhance lottery sales and player engagement in Baden-Württemberg, a significant federal state in Germany, which offers substantial growth potential for instant ticket sales.
International Game Technology (IGT) has extended its contract with the Missouri Lottery for three years, continuing its partnership until June 30, 2025. IGT will deploy 175 new cashless GameTouch™ 28 vending machines and launch the Cash Pop™ draw game, enhancing player experience and lottery sales. IGT has supplied technology to the Missouri Lottery since 1991, processing about 75% of U.S. lottery sales. This collaboration aims to support public education funding in Missouri.
International Game Technology PLC (IGT) announced a multi-year agreement to expand its sports betting operations in Washington State, partnering with Kalispel Tribal Economic Authority. Kalispel Casino will leverage IGT's PlaySports technology for its upcoming retail sportsbook. This marks IGT's second venture in the region, following its deployment at the Turf Club Sportsbook in December 2021. IGT aims to enhance the customer experience at Kalispel Casino, building on its established relationship with the Kalispel Tribe.
International Game Technology (NYSE: IGT) will host a conference call to discuss its fourth quarter and full year 2021 results on March 1, 2022 at 8:00 a.m. EST. Interested participants can register for the call to receive a unique PIN and dial-in number. A live webcast will also be available on IGT's Investor Relations website, with a replay accessible afterward. IGT is a leader in gaming, providing entertaining experiences across various channels. More details can be found on their official site.
International Game Technology PLC (NYSE: IGT) has extended its central systems contract with Manitoba Liquor and Lotteries Corporation (MBLL) for five years. This extension involves upgrading MBLL's video lottery system to the latest version of IGT's INTELLIGEN™. The enhanced system will connect nearly 6,600 video lottery terminals (VLTs) and includes improved network diagnostics and updated user interfaces. This agreement solidifies IGT's presence in the regulated video lottery industry, highlighting its commitment to providing advanced gaming solutions.
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