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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 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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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 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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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'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 (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 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, 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 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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FAQ

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

The current stock price of International Game Technology (IGT) is $15.32 as of April 3, 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

3.19B
110.42M
43.82%
49.82%
1.52%
Gambling
Consumer Cyclical
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United Kingdom
London