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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) reported strong financial results for Q3 2021, with revenues of $984 million, up 21% year-over-year. Global Lottery revenue increased by 14% to $652 million, and Digital & Betting revenue surged 37% to $43 million. Operating income more than doubled to $212 million, reflecting effective cost management and strategic investments. The company announced a quarterly cash dividend of $0.20 per share and achieved a net debt reduction of 16%, now at $6.1 billion, which reflects improved cash flow and financial health.
International Game Technology PLC (NYSE:IGT) has appointed Gil Rotem as President of iGaming, effective immediately. Reporting to Enrico Drago, CEO Digital & Betting, Rotem will oversee the global development of IGT PlayCasino. With nearly two decades of experience from companies like 888.com and bet365, he aims to drive further growth in the iGaming sector, which has seen significant expansion. Drago expressed confidence in Rotem's leadership to maintain IGT's position in the iGaming industry as the segment continues to experience double-digit growth.
International Game Technology (IGT) has announced a multi-year iGaming content distribution agreement with Yggdrasil Gaming, securing exclusive access to select games for distribution in the U.S. and Canada. This partnership aims to enhance IGT's PlayCasino offering as the online gaming market expands in North America. The first Yggdrasil title is expected to debut in December 2021. Both companies emphasize the importance of this alliance for long-term growth and value creation for shareholders.
International Game Technology (IGT) has entered a multi-year licensing agreement with Authentic Brands Group (ABG) to develop and distribute Marilyn Monroe-themed lottery games. This agreement allows IGT to create a variety of games, including instant tickets and draw-based games, enhancing the lottery experience for participants in the U.S. and Canada. Jay Gendron, IGT's COO, emphasizes the potential of the Marilyn Monroe brand to generate engaging gaming experiences. The partnership aims to attract both Marilyn Monroe fans and lottery players through innovative gameplay.
International Game Technology announced a multi-year agreement with The Stadium LLC to expand sports betting opportunities in Puerto Rico. IGT's PlaySports technology will power all future online and retail sportsbooks operated by WinIn, The Stadium's subsidiary. The partnership aims to deliver a seamless omnichannel betting experience as Puerto Rico's market develops. IGT's President of Sports Betting highlighted the potential for growth in North America, emphasizing their capability to establish competitive sportsbooks in new jurisdictions.
International Game Technology (IGT) announced the expansion of its PlayCasino platform to the Netherlands through a multi-year agreement with Holland Casino. The deal allows Holland Casino to offer popular IGT games like Icy Wilds™, Scarab®, and Fortune Coin!™ on its iGaming platform. This move taps into the growing demand for digital gaming experiences in newly regulated markets. IGT CEO Enrico Drago emphasized the strategic importance of this partnership for maximizing growth opportunities.
International Game Technology (IGT) announced the release of its global Responsible Gaming Policy, aimed at ensuring fair play and compliance with responsible gaming regulations across jurisdictions. The policy reflects IGT's commitment to transparency and leadership in responsible gaming. IGT's initiatives include three primary goals and eight commitments, with certifications from the World Lottery Association and Global Gambling Guidance Group. The company emphasizes a balance between growth and social responsibility amidst the digital revolution.
International Game Technology (IGT) will host a virtual Investor Day on November 16, 2021, at 8:30 a.m. Eastern Time. CEO Marco Sala and CFO Max Chiara will present the company’s business strategy, growth potential, and capital allocation plans. The event includes Q&A sessions with senior management.
Live webcast registration is available on IGT's Investor Relations website, and a replay will be accessible post-event. IGT is a global leader in gaming with a workforce of approximately 11,000 employees and operates in over 100 countries.
International Game Technology PLC (NYSE:IGT) will hold a conference call on November 9, 2021, at 8:00 a.m. EST, to discuss its third-quarter 2021 results for the period ending September 30, 2021. Interested participants can register for the call and receive a unique PIN via the event page. A live webcast will also be available on the company’s investor relations website, with a replay accessible afterward.
International Game Technology (IGT) announced that its Resort Wallet and IGTPay modules of the IGT ADVANTAGE casino management system won the 'Product Innovation of the Year' award at the 2021 Global Gaming Awards Las Vegas. This accolade recognizes IGT's commitment to innovation in cashless gaming technologies. Previously, IGT was also named 'Technology Provider of the Year' at the International Gaming Awards for these solutions. The Resort Wallet and IGTPay enable seamless cashless transactions for players, enhancing user experience and operational efficiency for casino operators.
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