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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 (NYSE: IGT) announced a five-year contract extension with Alberta Gaming, Liquor and Cannabis (AGLC) to enhance its INTELLIGEN™ systems software, running through July 2026. This extension includes upgrading AGLC's video lottery central system to the latest INTELLIGEN version, improving network diagnostics and stability. AGLC will also receive new iLINK Ultras for better retailer interface and functionality. IGT has been a key partner for AGLC since 2003, solidifying its position in the regulated video lottery market.
International Game Technology (NYSE:IGT) has appointed Joe Asher as President of Sports Betting, effective October 1, 2021. Asher, who previously served as CEO of William Hill US, will oversee the expansion of IGT's PlaySports business across North America. Enrico Drago, CEO Digital & Betting, emphasized Asher's expertise as essential for growth in the rapidly evolving sports betting market. Asher expressed enthusiasm about joining IGT, aiming to enhance technology and services for existing and future customers.
International Game Technology PLC (NYSE: IGT) has launched its PlaySports platform at Angel Of The Winds Casino Resort in Arlington, Washington. This partnership, with the Stillaguamish Tribe, signifies IGT's expansion in the sports betting sector. The PlaySports solution will enable retail and mobile sports betting throughout the property, enhancing the gaming experience for patrons. IGT continues to position itself as a leading choice for U.S. operators aiming to implement sports betting operations, driven by their proven technology and expertise.
International Game Technology (NYSE: IGT) announced that Wendy Montgomery, Senior VP of Global Brand, Marketing, and Communications, will be inducted into the Lottery Industry Hall of Fame on Oct. 27 in Nashville, TN. Montgomery is recognized for advocating solutions that drive customer growth and promoting diversity and inclusion. She chairs IGT's Executive Sustainability Committee and has significantly contributed to industry standards and innovations. Her induction honors her impactful career in the lottery sector, where she has worked to modernize products for players worldwide.
International Game Technology (IGT) has secured a facilities management lottery contract from the Connecticut Lottery Corporation after a competitive bid process. The contract involves implementing IGT's Aurora central lottery management system, set to launch in April 2023, and will last for 10 years until April 2033, with an option for a 5-year extension. This agreement enhances IGT's position as a leading lottery systems provider, with its technology managing over 75% of U.S. lottery sales.
International Game Technology PLC (NYSE: IGT) announced a significant expansion in cashless gaming technology through a multi-year agreement with Indigo Sky Casino in Oklahoma. This partnership will introduce the Resort Wallet and IGTPay modules of the IGT ADVANTAGE® casino management system, enabling patrons to access funds from various sources like credit and debit cards directly at the casino. The rollout is set to begin in 2021, enhancing customer experience and positioning IGT as a leader in cashless gaming solutions.
International Game Technology PLC (IGT) announced that Knute Knudson, Jr., Vice President of Global Business Development and Tribal Ambassador, will be inducted into the American Gaming Association's Gaming Hall of Fame on October 5, 2021. This prestigious honor recognizes significant contributions to the gaming industry. Knudson's advocacy for tribal gaming has expanded gaming opportunities for Indian tribes and promoted tribal sovereignty. IGT CEO Renato Ascoli praised Knudson's dedication to tribal gaming and the lasting impact of his work in the industry.
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