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 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.
IGT PlayDigital has launched the award-winning Mystery of the Lamp game in several U.S. online gaming markets, including New Jersey, Pennsylvania, Michigan, and West Virginia. The game, which gained popularity in land-based casinos worldwide, won 'Top Performing NEW Premium Game' at the 2024 EKG Slot Awards Show.
The online version retains key features of the land-based game, such as three collection-pot mechanics, vibrant art, and attractive bonuses. IGT PlayDigital introduced the Mystery of the Lamp Treasure Oasis theme, which has a 5x3 reel configuration, four jackpots, and Hold & Win-style bonus play.
IGT expects the game to quickly gain traction among players and operators due to its strong global following and quality gameplay experience.
IGT's Tiger and Dragon™ multi-level progressive game has won the 'Best Slot Product' category in the 2025 GGB Gaming & Technology Awards. Introduced in May 2024, the game quickly achieved chart-topping success, ranking first in Eilers & Krejcik's US & Canada Game Performance Report for three consecutive months. Its performance has sustained at approximately 3x zone and house average.
The game is available in two base versions: Tiger and Dragon Cash on Reels, and Tiger and Dragon Multipliers, both housed on the PeakCurve™49 cabinet. At the upcoming G2E, IGT will unveil three new games for the brand: Tiger and Dragon Super Gong, Tiger and Dragon Super Bonus, and Tiger and Dragon Super Arrow.
Additionally, IGT received Silver awards for its Slot Marker technology in the 'Best Consumer-Service Technology' category and IGT PlaySports™ in the 'Best Sports Betting Product' category.
IGT Global Solutions , a subsidiary of International Game Technology PLC (NYSE: IGT), has signed a 10-year contract extension with the North Carolina Education Lottery (NCEL). The extension will run from July 1, 2027, through June 2037. IGT will deploy its Aurora™ central system, a component of its integrated lottery solution, OMNIA™. The agreement includes:
- Upgraded Wizard back-office business applications
- Up to 8,500 new Retailer Pro S2 terminals
- 500 GameTouch™ 28 self-service vending machines
- 2,000 lottery play centers
- 4,000 Jackpot signs
- A dual cellular communication network
- Expanded testing capabilities
The NCEL, among the top 10 most successful lotteries in the U.S., has been an IGT customer since 2006 and now raises over $1 billion annually for public education in North Carolina.
IGT has announced its lineup for the Global Gaming Expo (G2E) 2024 in Las Vegas, showcasing new games, cabinets, and systems innovations. Highlights include:
1. Expansion of the Tiger and Dragon multi-level progressive with new wide-area progressive themes
2. Debut of Whitney Houston I Wanna Dance with Somebody Slots on the Peak65 cabinet
3. Launch of the next-generation casino management system, IGT ADVANTAGE X
4. New high-limit slot content for both mechanical reel and core video segments
5. Extension of the Wheel of Fortune brand to video poker, electronic table games, and video lottery terminal segments, with 11 new slot titles
The expo will serve as a global debut for new products across all segments, highlighting IGT's position as a comprehensive gaming supplier.
IGT has renewed its multi-year retail sports betting agreement with FanDuel, extending their partnership for four additional years starting September 1, 2024. Under this agreement, IGT PlaySports will continue as the exclusive retail sports betting platform provider for FanDuel's retail sportsbooks across North America.
The collaboration between IGT PlaySports and FanDuel began in 2019 when FanDuel opened its first U.S. sportsbook. Currently, IGT PlaySports technology powers 27 FanDuel Sportsbooks across 20 gaming jurisdictions. FanDuel Sportsbooks utilize various IGT PlaySports technologies, including the IGT PlaySports Kiosk and IGT PlaySports Pad.
This renewal underscores the success of their partnership in delivering a top-tier customer experience in retail sports betting operations.
IGT has announced the expansion of its Wheel of Fortune brand to new product categories, including video poker, electronic table games (ETG), and video lottery terminals (VLT). These products, along with 11 new Wheel of Fortune Slots games and three new cabinets, will debut at the Global Gaming Expo (G2E) from October 7-10 in Las Vegas.
Highlights include:
- Wheel of Fortune Video Poker on CrystalCurve™ and PeakSlant™49 cabinets
- Wheel of Fortune ETG with a 120-inch diameter wheel
- Wheel of Fortune VLT on the new Sierra 27 terminal
- New slots games like Wheel of Fortune Cash Link™ Big Money™ and Wheel of Fortune Cash Link Reels Double Diamond®
Since its 1996 launch, Wheel of Fortune Slots has paid out nearly $3.6 billion in jackpots and created over 1,200 millionaires. IGT recently extended its licensing agreement with Sony Pictures Television through 2034.
IGT announced that Shondra DeLoach-Perea, Vice President Field Services, Call Centers and Technology Operations, has been named a recipient of Global Gaming Women's (GGW) 2024 'Patty Becker Pay it Forward Award'. This award honors women in the gaming industry who have contributed to GGW's initiatives and supported women in their organization and community.
DeLoach-Perea has a 25-year career in gaming and lottery sectors, joining IGT in 2008. She currently oversees a global team spanning multiple regions. She is actively involved in IGT's employee engagement programs, including the Global Diversity, Equity & Inclusion Council and the Women's Inclusion Network. Outside IGT, she participates in GGW's Lean In Circles and co-chairs their DEI Committee.
The award ceremony will take place at GGW's 14th Annual Kick Up Your Heels event in Las Vegas on October 9, 2024.
International Game Technology PLC (NYSE:IGT) has successfully priced €500,000,000 4.250% Senior Secured Notes due 2030, to be issued by its wholly-owned subsidiary IGT Lottery Holdings B.V. The notes will be guaranteed by IGT and certain subsidiaries. IGT plans to use the proceeds to redeem $499,999,000 of its 6.500% Senior Secured Notes due February 15, 2025 at par on September 24, 2024, pay debt issuance costs, and for general corporate purposes. The redemption is conditional on receiving at least €500,000,000 in gross proceeds from the new notes sale. Settlement is expected on September 18, 2024, subject to customary conditions. The notes are being offered only to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S., in compliance with applicable securities laws.
International Game Technology PLC (NYSE:IGT) has announced a benchmark offering of senior secured notes due 2030, denominated in euros. The notes will be issued by IGT Lottery Holdings B.V., a wholly-owned subsidiary of IGT. The company intends to use the proceeds to redeem $499,999,000 of IGT's 6.500% Senior Secured Notes due 2025 at par, pay debt issuance costs, and for general corporate purposes.
IGT has also released historical financial statements recast to show the impact of classifying IGT Gaming & Digital businesses operations as discontinued and assets and liabilities as held for sale. The notes are being offered only to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S., in compliance with applicable securities laws.
IGT has launched Money Mania slots, its second omnichannel Wide Area Progressive (WAP) game in Canada, following the success of Powerbucks™. The game is available on BCLC's PlayNow.com and at 22 BCLC-governed casinos in British Columbia. IGT is the only supplier offering omnichannel jackpot games with shared jackpot liquidity across land-based, online, and mobile platforms.
Money Mania features a $100,000 top-level 'Money Jackpot' and a fast-growing second-level 'Mania Jackpot' with a $4,000 reset value. The game is designed to deliver frequent mid-to-large-size jackpots and drive cross-channel gameplay. Since the 2016 launch of Powerbucks, IGT's first omnichannel jackpot game, it has created over 50 millionaires across Canada.
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