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International Game Technology - IGT STOCK NEWS

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.

Overview of International Game Technology (IGT)

International Game Technology (IGT) stands as a prominent global provider specializing in the development and delivery of innovative gaming solutions. As a company deeply rooted in the gaming industry, IGT offers a comprehensive range of products and services that span from traditional gaming equipment to advanced digital and omnichannel experiences. With a rich heritage refined through the merger with a renowned lottery business, the company showcases a blend of legacy expertise and modern technological innovation.

Core Business Areas

At its heart, IGT is dedicated to creating entertaining and responsible gaming experiences for players across all channels. The company's product portfolio is extensive and includes:

  • Lottery Solutions: IGT is recognized for its sophisticated lottery systems, bridging the gap between retail and digital play, and providing end-to-end services that include instant ticket games, central lottery system management, and digital transformation tools.
  • Gaming Machines and Slot Solutions: With a focus on delivering immersive gaming experiences, IGT develops gaming machines and slot solutions that emphasize engaging game mechanics, cross-channel jackpot features, and reliable operational performance.
  • Digital Wagering and Omnichannel Experiences: The company leverages advanced technology to merge land-based and online gaming, offering integrated omnichannel platforms that support digital wagering, sports betting, and interactive gaming entertainment.
  • Sports Betting Platforms: IGT also provides proven, scalable solutions for the fast-growing sports betting market, integrating digital innovation with retail operations to create cohesive cross-channel player experiences.

Market Position and Operational Expertise

IGT occupies a strong position in a highly competitive and regulated global gaming market. The company’s strategic approach is based on deep operational expertise, significant investments in research and development, and long-standing relationships with governments and regulators throughout more than 100 jurisdictions. This presence not only solidifies its role as a trusted provider but also underscores its ability to adapt to the evolving demands of both government-sponsored and commercial gaming sectors.

Technological Innovation and Omnichannel Integration

Innovation is a cornerstone of IGT’s business model. The company continually advances its product offering by incorporating cutting-edge technology to provide enriched player experiences. Industry-specific innovations include omnichannel jackpot solutions that integrate land-based, online and mobile platforms, as well as comprehensive digital solutions that streamline game management and customer engagement.

Operational Model and Revenue Generation

The company’s revenue model is multifaceted, deriving income from the sale and licensing of premium gaming equipment and systems as well as through service agreements that support digital transformation in the gaming industry. IGT’s strategic investments in technology enhance its competitive position, enabling it to meet the exacting standards of the regulated market and deliver secure, reliable gaming experiences that are both innovative and responsible.

Commitment to Responsible Gaming and Industry Excellence

Central to IGT’s philosophy is a commitment to the principles of responsible gaming. The company emphasizes operational integrity, rigorous quality control, and robust support systems to ensure that every player experience is safe and engaging. By adhering to high standards of service, IGT not only meets regulatory requirements but also builds trust with its customers and business partners.

Competitive Landscape and Strategic Advantages

While competing alongside other major players in the gaming and lottery sectors, IGT differentiates itself through its comprehensive product suite, proven technological innovations and a dynamic business model that seamlessly integrates both traditional and digital gaming environments. Its expertise in both hardware and software solutions provides a competitive edge in adapting to market changes, all while cementing its reputation as a reliable global supplier to regulated gaming markets.

Conclusion

International Game Technology (IGT) remains a pivotal figure in the global gaming arena, known for its robust blend of technological innovation, diversified product offerings, and relentless commitment to operational excellence. Through its integrated omnichannel solutions and responsible gaming platforms, IGT not only drives engaging player experiences but also sets a benchmark for quality and reliability in the gaming industry.

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IGT to host conference call and webcast to discuss first quarter 2024 results on May 14, 2024.
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IGT announces the posting of its Notice of the 2024 Annual General Meeting, proxy for the meeting, and the 2023 Annual Report and Accounts. The AGM will be held on May 14, 2024, in London. Shareholders can access the materials on IGT's website.
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IGT to showcase Whitney Houston slots WAP game and new core video games at IGA 2024, highlighting Class II Mystery of the Lamp, Tiger and Dragon MLP, and more.
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IGT announces changes to its Board of Directors and executive team with Marco Drago stepping down and Enrico Drago appointed as a new director, effective April 1, 2024. Gil Rotem to expand role as president of IGT PlayDigital.
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IGT expands its PlayDigital iGaming content library to Rhode Island through a partnership with Bally Casino, offering popular games like Fortune Coin and Cash Eruption to online slot players. This move solidifies IGT's presence in all seven US online gaming jurisdictions, enhancing player experience and engagement.
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IGT files its 2023 Annual Report on Form 20-F with the SEC, showcasing audited financial statements for the year ended December 31, 2023.
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IGT reports strong financial performance in Q4 2023 with revenue of $1.1 billion, operating income up 11%, and full-year revenue of $4.3 billion, a 2% increase. The company achieved record profits and expects revenue of $4.3-$4.4 billion for 2024. IGT plans to split its business to create separate lottery and gaming companies.
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IGT and Everi announce a strategic business combination creating a comprehensive global gaming and fintech enterprise. The deal values the combined businesses at approximately $6.2 billion with IGT shareholders expected to own 54% and Everi stockholders 46% of the new entity. Key benefits include a diverse product portfolio, projected pro forma 2024 revenue of $2.7 billion, and $85 million in cost savings. The transaction is expected to close in late 2024 or early 2025.
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IGT receives a gold medal sustainability rating from EcoVadis, placing it in the top five percent of global companies assessed. The assessment highlights IGT's strong performance in environment, ethics, and sustainable procurement.
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International Game Technology PLC (IGT) will host a conference call and live webcast to discuss fourth-quarter and full-year 2023 results on March 12, 2024. Participants can pre-register for the call and access the webcast on IGT's Investor Relations website.
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FAQ

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

The current stock price of International Game Technology (IGT) is $16.07 as of April 1, 2025.

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

The market cap of International Game Technology (IGT) is approximately 3.2B.

What is the core business of IGT?

IGT specializes in delivering innovative gaming solutions, including lottery systems, slot machines, digital wagering, and sports betting platforms, across regulated markets worldwide.

How does IGT generate revenue?

IGT generates revenue by selling and licensing premium gaming equipment and technologies, offering end-to-end gaming solutions, and providing service and support agreements for both physical and digital gaming platforms.

What distinguishes IGT in the competitive gaming sector?

IGT stands out due to its comprehensive product portfolio, commitment to technological innovation, deep operational expertise, and strong relationships with regulators in over 100 jurisdictions.

Which gaming segments does IGT serve?

IGT serves a variety of segments, including lotteries, gaming machines, digital wagering, omnichannel jackpot games, and sports betting solutions, catering to both government-sponsored and commercial gaming sectors.

How does IGT ensure responsible gaming practices?

IGT adheres to strict operational standards and regulatory requirements, implementing responsible gaming policies and rigorous quality control measures to ensure player safety and integrity in all its offerings.

In which regions does IGT have a significant presence?

While IGT derives a major portion of its revenue from the United States, it also has a robust presence in Europe, including Italy and other international markets, further solidifying its global impact.

What role does innovation play in IGT's business strategy?

Innovation is key to IGT’s strategy, driving its development of state-of-the-art digital and omnichannel gaming solutions that integrate traditional gaming with the latest technological advancements.

How does IGT support its customers in the gaming industry?

IGT supports its customers through a mix of advanced product solutions, continuous technological upgrades, comprehensive service support, and established long-term partnerships in regulated gaming markets.
International Game Technology

NYSE:IGT

IGT Rankings

IGT Stock Data

3.24B
110.42M
43.82%
49.82%
1.52%
Gambling
Consumer Cyclical
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United Kingdom
London