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International Game Technology PLC - IGT STOCK NEWS

Welcome to our dedicated page for International Game Technology PLC news (Ticker: IGT), a resource for investors and traders seeking the latest updates and insights on International Game Technology PLC 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.

News

IGT Recognized with Top Honors at ICE London 2024 Award Programs

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IGT wins 'Lottery Product of the Year' for the second consecutive year at the International Gaming Awards and named 'Best Diversity and Inclusion Employer' for the third consecutive year at the European Casino Awards. The company showcases leadership in delivering elevated interactive lottery experiences and commitment to creating an inclusive workplace.
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IGT Signs 12-Year Contract Extension with UAB Perlas Network in Lithuania to Deploy Upgraded Central System Software

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IGT extends contract with UAB Perlas Network for an additional 12 years until 2035, providing upgrades to the Lottery's central retail system with advanced software and user interfaces. The technology enhancements aim to optimize and elevate the country's lottery games, backed by IGT's decades of industry leadership and experience. The upgraded technology will introduce an administration portal to improve efficiencies and maximize profitability. IGT is the primary technology provider to 25 lotteries in the U.S., eight of the world's largest 10 lotteries, and 16 of the world's top 25 lotteries.
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IGT Highlights Leadership Across Global Gaming Product and Solutions Portfolio at ICE London 2024

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International Game Technology PLC (IGT) announced its participation in ICE London 2024, showcasing a comprehensive portfolio of gaming solutions and products. The event will feature more than 125 gaming machines, next-generation systems, iLottery solutions, and IGT PlayDigital's iGaming and sports betting innovation. The company aims to demonstrate its leadership in research-driven gaming solutions that generate player excitement and propel growth.
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IGT Wins Competitive Bid to Modernize Loto-Québec's Video Lottery Terminals Network

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IGT's subsidiary, IGT Canada Solutions ULC, signed an agreement with Loto-Québec to deliver PeakDual™ 27 Video Lottery Terminals across Québec through a multi-year, phased rollout. The agreement is part of Loto-Québec's VLT replacement cycle. The sleek terminal features an ergonomic design, high-definition monitors, and a digital player panel. IGT's PeakDual 27 VLTs will house a variety of proven games and new-to-the-market games. IGT is the primary technology provider to 25 lotteries in the U.S., eight of the world's largest 10 lotteries, and 16 of the world's top 25 lotteries.
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IGT Achieves Highest-Possible MSCI ESG Rating of AAA

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IGT (NYSE: IGT) received an MSCI ESG rating of AAA, demonstrating sustainability leadership with a year-over-year score increase. The company excelled in governance, product safety and quality, carbon emissions, and labor management. The rating reflects IGT's commitment to enhancing sustainability through Sustainable Play initiatives.
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IGT Delivers Enhanced Solutions to Virginia Lottery

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IGT announces a three-year contract extension with the Virginia Lottery, involving the upgrade of the lottery central system, retail point-of-sale terminals, and communications network. The contract will run through October 2033, with additional extension options. IGT will provide new hardware and gameplay features with a target live date of October 2025. The upgrade aims to modernize lottery offerings, drive sales growth, and generate revenue for Virginia's K-12 public education.
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IGT Supply Contract for UK National Lottery Operations Extended

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IGT, a global lottery market leader, has received a contract extension to continue supplying the UK National Lottery's core lottery system as part of Allwyn's transformation program. The company will support the operation until the switchover to a new platform is complete. IGT is the primary technology provider to 25 lotteries in the U.S., eight of the world's largest 10 lotteries, and 16 of the world's top 25 lotteries.
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IGT Chief Accounting Officer Tim Rishton to Retire

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IGT PLC (NYSE: IGT) announces the retirement of Tim Rishton, Senior Vice President and Chief Accounting Officer, effective January 1, 2024, after 29 years with the company. David Morgan will succeed Rishton in the role. Rishton's notable achievements include the delisting of GTECH from the Borsa Italiana stock exchange and its relisting to the New York Stock Exchange as IGT in 2015.
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IGT Earns Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index

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International Game Technology PLC (IGT) (NYSE: IGT) received a top score of 100 on the Human Rights Campaign (HRC) Foundation's 2023-2024 Corporate Equality Index (CEI), earning the 'Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion' designation. IGT's commitment to LGBTQ+ workplace equality is evident through its implementation of inclusive hiring processes, employee training courses, and gender transition guidelines.
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IGT Reaffirms Responsible Gaming Leadership with G4 Certification for Global Gaming and PlayDigital Segments

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International Game Technology PLC (IGT) Achieves Responsible Gaming Accreditation from G4 for Global Gaming and PlayDigital Operations
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FAQ

What is the current stock price of International Game Technology PLC (IGT)?

The current stock price of International Game Technology PLC (IGT) is $19.19 as of November 18, 2024.

What is the market cap of International Game Technology PLC (IGT)?

The market cap of International Game Technology PLC (IGT) is approximately 3.9B.

What are the main business segments of IGT?

IGT operates through three primary business segments: Global Lottery, Global Gaming, and PlayDigital.

Where is IGT headquartered?

IGT is headquartered in London, England.

What recent contracts has IGT signed?

IGT recently signed contracts with the Atlantic Lottery in Canada and extended its contract with the Mississippi Lottery to continue providing online gaming systems and instant ticket services through 2029.

What is IGT’s Global Lottery segment?

IGT’s Global Lottery segment provides lottery products and services to governmental organizations under various contractual agreements, and it generates the highest revenue for the company.

How does IGT support responsible gaming?

IGT ensures responsible gaming by adhering to the highest standards of service and integrity, and by providing entertaining yet responsible gaming experiences across all channels.

How many employees does IGT have?

IGT employs approximately 11,000 people globally.

What was the outcome of IGT’s legal disputes with Acres Manufacturing Company?

IGT resolved all legal disputes with Acres Manufacturing Company, allowing both companies to focus on driving innovation in the cashless gaming space.

What are IGT’s recent financial highlights?

For the first quarter of 2024, IGT reported consolidated revenue of $1.07 billion and upgraded its full-year revenue and profit goals due to strong performance in its key segments.

Which markets does IGT serve?

IGT serves markets globally, with a significant presence in over 100 jurisdictions, including a major revenue contribution from the United States.

What technologies does IGT use to enhance gaming experiences?

IGT leverages advanced technologies such as cloud-based remote game servers, sophisticated gaming hardware, and comprehensive digital content to provide top-notch gaming experiences.

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International Game Technology PLC

NYSE:IGT

IGT Rankings

#1459 Ranked by Market Cap
#705 Ranked by Dividends

IGT Stock Data

3.90B
202.00M
43.9%
48.75%
0.9%
Gambling
Consumer Cyclical
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United States of America
London