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.
International Game Technology PLC (IGT) is set to showcase its latest gaming innovations at the 2021 Indian Gaming Tradeshow & Convention on July 21-22 in Las Vegas. The company will present a range of products, including the PeakSlant49 cabinet featuring new games like Regal Riches and Stinkin' Rich Skunks Gone Wild. IGT will also celebrate the 25th anniversary of Wheel of Fortune Slots, which has created over 1,100 millionaires. Innovations in cashless gaming solutions like Resort Wallet with IGTPay will also be highlighted, enhancing player convenience and operator experience.
International Game Technology (IGT) has signed a contract with the Western Canada Lottery Corporation (WCLC) to supply 700 CrystalDual® 27 video lottery terminals (VLTs). This agreement continues IGT's successful partnership with WCLC, marking their third significant VLT contract in five years. The new VLTs will introduce The Price is Right® game for the first time in Canada, enhancing player options with a diverse game bundle. The CrystalDual 27 features advanced technology, including high-definition graphics and player-friendly interfaces, aimed at improving the overall gaming experience.
International Game Technology PLC (IGT) has announced a new partnership to power sports betting at Coushatta Casino Resort in Kinder, Louisiana. This agreement marks a significant step in expanding IGT's leadership in the U.S. sports betting market. IGT will provide its PlaySports turnkey solution and trading advisory services, enabling the casino to enhance its gaming offerings. IGT's technology aims to establish a best-in-class sports betting program, enriching the experiences of patrons at Louisiana's largest casino resort.
International Game Technology PLC (IGT) announced its IGT ADVANTAGE casino management system (CMS) has been deployed at Regency Casino Thessaloniki, marking its first launch in Greece and second in Europe. The CMS aims to enhance personalization and service for Regency Club members and improve business analytics capabilities. The casino will utilize IGT's diverse bonuses and M5 content management module for tailored promotions. This deployment strengthens IGT's presence in the important Greek market as acknowledged by both IGT and Regency's executives.
Bally's Corporation (NYSE: BALY) celebrates the Rhode Island Legislature's passage of the Marc A. Crisafulli Economic Development Act, which extends a partnership with International Game Technology (NYSE: IGT). This act establishes a 20-year joint venture where Bally's will lease 23% of gaming machines, increasing to 40% by 2023. The $250 million plan aims for job creation and expansion of the Twin River Casino, enhancing Rhode Island's gaming industry by preserving key revenue streams.
International Game Technology (IGT) has expanded its historical horse racing (HHR) offerings with the launch of Wheel of Fortune-themed games at Churchill Downs Incorporated (CDI) facilities in Kentucky. This introduction marks IGT's first licensed theme in the HHR market. A total of 40 CrystalWheel cabinets featuring the Wheel of Fortune Cash Link Exotic Far East theme have been deployed at Derby City Gaming, Oak Grove Racing, Gaming & Hotel, and Newport Racing & Gaming. The games include multiple jackpot levels and free games to enhance player engagement.
International Game Technology PLC (IGT) reported strong financial results for Q1 2021, with total revenue increasing by 25% year-over-year to $1,015 million. The Global Lottery segment achieved record sales, contributing $749 million and a 48% increase. While Global Gaming revenues declined 14% to $266 million, there was a notable recovery with a sequential increase from Q4 2020. Operating income surged to $260 million from a loss of $218 million last year. Adjusted EBITDA reached $450 million, marking a 72% increase, driven by significant operational efficiencies.
On May 10, 2021, IGT completed the sale of its Italian B2C gaming machine, sports betting, and digital gaming businesses, represented by Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., to Gamenet Group S.p.A. for €950 million. The transaction includes an initial payment of €725 million, with additional payments scheduled for December 31, 2021, and September 30, 2022. IGT plans to utilize the funds to cover transaction expenses and reduce debt, enhancing its financial position.
