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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) announced its PlaySports platform is now powering the FanDuel Sportsbook mobile app in Virginia. This partnership enables sports betting in twelve U.S. states, with nine featuring the IGT-powered app. IGT has been a key partner for FanDuel since 2018, reinforcing their exclusive retail platform agreement. The cooperation is aimed at enhancing user experience and expanding market reach. IGT continues to strengthen its position in the gaming industry through innovative technology and substantial investments, catering to a growing demand for sports betting.
International Game Technology (IGT) announced its PlaySports platform is now powering the FanDuel Sportsbook mobile app in Michigan, enhancing online sports betting and iGaming options. This deployment represents the ninth state collaboration with FanDuel, allowing players access to popular IGT PlayDigital casino games. With Michigan's growing sports betting market, IGT aims to support FanDuel's expansion, providing customers with convenient access to sports and casino games. This partnership solidifies IGT's position in the market as a leading technology provider.
International Game Technology PLC (IGT) has announced a seven-year contract extension with Supreme Ventures Limited (SVL) to continue supplying lottery technology and services in Jamaica. This extension, valid through 2033, builds on IGT's 19-year partnership with SVL, emphasizing both companies' commitment to providing innovative gaming solutions. IGT will deliver lottery products, maintain systems, and support SVL's operations, further enhancing its market leadership and business momentum in the region.
International Game Technology (IGT) has achieved a significant milestone in cashless gaming by receiving final regulatory approval in Nevada for its Resort Wallet™ carded cashless module. This module, part of the award-winning IGT ADVANTAGE® system, allows casino patrons to enjoy a safer, cashless gaming experience. Players can easily transfer funds into a digital wallet using a loyalty card, facilitating a seamless gaming experience across various platforms, including slots and table games. This enhances operational efficiency and reduces cash handling risks.
International Game Technology PLC (NYSE: IGT) announced a strategic agreement to exclusively license the intellectual property of its GALAXIS™ and SYSTEM2Go™ casino central management systems to Modulus S.a.r.l. The deal, effective Dec. 18, 2020, allows Modulus to commercialize and distribute IGT's CMS solutions and legacy hardware, excluding North America. This partnership aims to enhance customer service and reduce resource duplication for IGT, enabling focus on its innovative IGT ADVANTAGE CMS. The agreement is subject to regulatory approvals.
International Game Technology (IGT) announced the successful deployment of its IGT ADVANTAGE Casino Management System at the reopened Carousel Casino in South Africa. This installation marks the first use of the IGT ADVANTAGE Resort Wallet card cashless module in the country, enhancing operational efficiency and guest experience. The system connects 400 machines and includes features for machine accounting, patron management, and dynamic content creation. IGT's proven solutions aim to maximize revenue and player loyalty at Carousel Casino.
International Game Technology (NYSE: IGT) has announced a multi-year partnership with Maverick Gaming to provide its PlaySports platform for retail and mobile sports betting across three casinos in Colorado. The collaboration includes deploying self-service kiosks and a mobile app, Play Maverick Sports, enhancing the gaming experience in the region. IGT's technology aims to attract new players and optimize sports betting operations. This agreement positions IGT to leverage its experience in 15 U.S. states to support Maverick Gaming's growth in Colorado.
On Nov. 19, 2020, International Game Technology (NYSE: IGT) announced it has secured a tender from Norsk Tipping, Norway's state lottery operator, to supply its PlayCasino content and PlayRGS digital platform. This agreement, effective February 2021, allows for a three-year term with a one-year extension option. IGT will provide its proprietary games along with third-party content from NetEnt and ELKAB Studios. This marks a continuation of a long-standing partnership, as IGT has been a supplier since 2012, enhancing Norsk Tipping's digital gaming offerings.
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