International Game Technology

International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and Digital & Betting segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support. The Global Gaming segment includes iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology. The Digital & Betting segment has full responsibility for the worldwide iGaming and sports betting activities. The company was founded on July 11, 2014 and is headquartered in London, the United Kingdom.

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IGT reports robust Q4 earnings, eyes growth and investment-grade rating

IGT's Q4 2022 performance showcased financial strength, operational excellence, and market leadership across lotteries, gaming, and digital segments.
While facing challenges like supply chain issues and cost inflation, the company aims for continued growth, improved margins, and investment-grade rating aspirations.
Opportunities lie in revenue expansion, cash flow generation, and strategic capital allocation, positioning IGT for sustained success and shareholder value creation.

IGT reports robust Q1 earnings, eyes M&A and global expansion

IGT's Q1 performance reflects strong revenue growth and margin improvement across key segments, underpinning a positive outlook for the full year.
While facing challenges such as rising labor costs and inflation, IGT remains focused on leveraging opportunities in M&A, product innovation, and market expansion.
The company's innovative product offerings, successful games, and strategic initiatives position it well for sustained growth and value creation in the evolving gaming industry landscape.
With a robust balance sheet, liquidity, and a proactive approach to addressing challenges, IGT demonstrates resilience and adaptability in navigating market dynamics and driving long-term success.

IGT reports strong Q2 earnings, evaluates strategic alternatives for growth

IGT's Q2 2023 earnings call highlighted solid financial performance, with revenue growth and margin improvement. The company is progressing towards its 2025 financial targets and remains focused on strategic initiatives to unlock business value. Despite challenges in the Global Lottery segment, IGT is optimistic about growth opportunities and is actively evaluating strategic alternatives.

IGT posts strong Q3 results, eyes growth amid strategic reviews

IGT's Q3 earnings call highlighted robust financial performance, strategic evaluations in progress, and a focus on growth, innovation, and meeting 2025 targets. Despite challenges in PlayDigital revenue and ongoing strategic reviews, the company remains well-positioned to capitalize on opportunities in the Lottery and Gaming sectors.

IGT reports record-breaking earnings, plans strategic spin-off and merger

IGT delivered strong financial performance in Q4 2023, achieving record-breaking results and demonstrating growth across key segments.
The company's strategic initiatives, including the planned spin-off and merger with Everi, highlight a focus on unlocking portfolio value and optimizing business operations.
While facing challenges in specific markets and potential industry slowdowns, IGT remains optimistic about revenue growth and profitability through international expansion and innovation.
With a solid financial foundation, a focus on talent and technology, and a commitment to long-term growth, IGT is well-positioned to navigate market challenges and capitalize on emerging opportunities.

IGT surpasses Q1 revenue expectations, eyes growth amid challenges

IGT's Q1 2024 showcased robust financial performance, driven by strong revenue growth and margin expansion across key segments.
Despite challenges like weather impacts and ongoing Italy Lotto license tender, the company remains optimistic about future growth prospects.
With upgraded revenue outlook, successful game development, and stable digital business, IGT is poised for continued success in 2024.

IGT sells gaming business, focuses on lottery growth and innovation

IGT's Q2 performance was marked by the sale of gaming and digital business, strong lottery segment growth, and positive outlook for future growth. Despite challenges in sale completion and Italy Lotto renewal, the company remains focused on leveraging opportunities for expansion and maintaining financial stability.

IGT reports solid Q3 performance amidst global sales decline

IGT's Q3 2024 performance reflects solid revenue and EBITDA figures, driven by continuing operations and successful game launches.
While facing challenges in global same-store sales decline, the company demonstrated strengths in lottery industry leadership and iLottery sales growth.
Opportunities lie in optimizing operations post-sale, expanding digital gaming offerings, and leveraging increased production capacity for future growth.
IGT's strategic focus on cost optimization and growth initiatives positions the company well to navigate market challenges and drive long-term success.

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International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and PlayDigital segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support. The Global Gaming segment includes iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology. The PlayDigital segment has full responsibility for the worldwide iGaming and sports betting activities. The company was founded in 1990 and is headquartered in London, the United Kingdom.

Investors see better visibility for profitable growth in 2023.

Why International Game Technology Stock Jumped Higher Today

International Game Technology PLC (NYSE:IGT ) Q3 2022 Earnings Conference Call November 8, 2022 8:00 AM ET Company Participants James Hurley - SVP of IR Vince Sadusky - CEO Max Chiara - EVP & CFO Conference Call Participants Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities Ben Chaiken - Credit Suisse Chad Beynon - Macquarie Domenico Ghilotti - EQUITA Jeffrey Stantial - Stifel David Katz - Jefferies Operator Good morning. My name is Devin, and I will be your conference operator today.

International Game Technology PLC (IGT) Q3 2022 Earnings Call Transcript

IGT (IGT) delivered earnings and revenue surprises of 441.67% and 5.12%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

International Game Technology (IGT) Q3 Earnings and Revenues Top Estimates

Consolidated revenue of $1.06 billion, up 8% as reported and 14% at constant currency, with contributions from each segment including over 30% growth in Global Gaming Operating income of $211 million; operating income margin of 20% at high end of outlook Adjusted EBITDA of $402 million reflects robust Global Lottery profitability and strong increase from Global Gaming Received €700 million in gross proceeds from sale of Italian proximity payments business; completed acquisition of iSoftBet, a leading iGaming content provider and third-party aggregator, for approximately €160 million Net debt leverage improves to 3.1x, the lowest level in Company history $224 million returned to shareholders via dividends and share repurchases through mid-October, a record level in a fiscal-year period Targeting upper half of full-year 2022 outlook range LONDON , Nov. 8, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the third quarter ended September 30, 2022. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS THIRD QUARTER 2022 RESULTS

NEW YORK , Nov. 3, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of International Game Technology PLC (NYSE: IGT) between March 16, 2018 and August 29, 2022, both dates inclusive (the "Class Period"), of the important December 13, 2022 lead plaintiff deadline. SO WHAT: If you purchased IGT securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages International Game Technology PLC Investors to Secure Counsel Before Important Deadline in Securities Class Action - IGT

IGT (IGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

International Game Technology (IGT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of International Game Technology PLC (NYSE: IGT) between March 16, 2018 and August 29, 2022, both dates inclusive (the “Class Period”), of the important December 13, 2022 lead plaintiff deadline.

ROSEN, A LEADING LAW FIRM, Encourages International Game Technology PLC Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – IGT

NEW YORK , Oct. 27, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of International Game Technology PLC (NYSE: IGT) between March 16, 2018 and August 29, 2022, both dates inclusive (the "Class Period"), of the important December 13, 2022 lead plaintiff deadline. SO WHAT: If you purchased IGT securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, NATIONAL TRIAL LAWYERS, Encourages International Game Technology PLC Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - IGT

NEW YORK , Oct. 24, 2022 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against International Game Technology PLC ("IGT" or "the Company") (NYSE: IGT) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired IGT securities between March 16, 2018 and August 29, 2022, both dates inclusive (the "Class Period").  Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/igt.

Bronstein, Gewirtz & Grossman, LLC, A Top Firm, Notifies International Game Technology PLC (IGT) Investors of Class Action and Encourages Investors to Actively Participate

SAN DIEGO--(BUSINESS WIRE)---- $IGT #IGT--International Game Technologies PLC (IGT) Accrued a $119.72 Million Non-Operating Expense Related to Settlement of Lawsuit

International Game Technologies PLC (IGT) Shareholder Update: Robbins LLP Reminds Investors of Class Action Against International Game Technologies PLC

New York, New York--(Newsfile Corp. - October 22, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of International Game Technology PLC (NYSE: IGT) between March 16, 2018 and August 29, 2022, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed.

ROSEN, A TOP RANKED FIRM, Encourages International Game Technology PLC Investors With Losses Exceeding $100K to Secure Counsel Before Important Deadline in Securities Class Action - IGT

NEW YORK , Oct. 20, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of International Game Technology PLC (NYSE: IGT) between March 16, 2018 and August 29, 2022, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed.

ROSEN, A LEADING LAW FIRM, Encourages International Game Technology PLC Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action - IGT

LONDON , Oct. 18, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss third quarter 2022 results for the period ended September 30, 2022 on Tuesday, November 8, 2022.   Conference call details: Tuesday, November 8, 2022 8:00 a.m.

International Game Technology PLC to Host Third Quarter 2022 Results Conference Call on Tuesday, November 8, 2022

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of International Game Technology PLC (NYSE: IGT) between March 16, 2018 and August 29, 2022, both dates inclusive (the “Class Period”).

EQUITY ALERT: Rosen Law Firm Encourages International Game Technology PLC Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – IGT

Company will add cashless functionality to over 10,000 retail terminals; deliver end-to-end lottery and iLottery system upgrades with cloud capabilities LONDON , Oct. 12, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a seven-year contract extension with the Georgia Lottery Corporation ("Georgia Lottery") to deploy its world-class lottery and iLottery products and technology, enhancing the modernization of the Georgia Lottery's offerings. The contract extension will run through September 2032.

IGT Expands Modernization of Georgia Lottery Corporation Offering with Seven-Year Contract Extension

Gaming industry's only bartop cabinet with sports betting recognized with top prize in acclaimed awards program LONDON , Oct. 11, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its PeakBarTop with Sports Betting won the "Land-Based Product of the Year" category at the 2022 Global Gaming Awards. Now in its ninth year, the Global Gaming Awards Las Vegas program is held in conjunction with the Global Gaming Expo ("G2E") and honors the gaming industry's outstanding performers from the previous 12 months.

IGT PeakBarTop with Sports Betting Wins "Land-Based Product of the Year" at 2022 Global Gaming Awards

Oregon Lottery becomes first U.S. lottery to provide VLT player accounts LONDON , Oct. 10, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will provide the Oregon Lottery with IGT's video lottery account-based cashless solutions via its INTELLIGEN™ central system. The Oregon Lottery will enable the account-based cashless technologies on the more than 11,500 video lottery terminals (VLTs) throughout the state.

IGT Enhances Player Security in Oregon with Video Lottery Digital Prize Redemption

Company introduces award-winning cashless technology to one of largest gaming markets in U.S. LONDON , Oct. 6, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its award-winning cashless gaming solutions, Resort Wallet and IGTPay, are deployed at Indigo Sky Casino in Wyandotte, Okla. Indigo Sky Casino guests now have the option to download the "Indigo Sky & Outpost Casinos" app for iOS and Android and create a PIN-protected SKYWallet account.

IGT Launches Cashless Gaming with External Funding at Indigo Sky Casino via Resort Wallet and IGTPay

LONDON , Oct. 5, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, has signed a new 10-year scratch ticket printing and services contract with the Texas Lottery Commission ("Texas Lottery"). Following a competitive procurement, IGT was awarded the printing contract to provide scratch ticket content and supporting services.

IGT Wins 10-Year Scratch Ticket Manufacturing Contract with the Texas Lottery Commission

Company introduces OMNIA™, the lottery industry's first omnichannel solution LONDON , Oct. 5, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will present its impressive portfolio of growth-driving solutions at the World Lottery Summit ("WLS") 2022, Oct. 16-20, in Vancouver, British Columbia. In booth 543, IGT will demonstrate its Future Forward, Results Driven approach with a full suite of digital tools, exciting new games, and innovative solutions that propel lottery sales and engage the next generation of players.

IGT Presents Future-Forward Solutions at the World Lottery Summit 2022

IGT's high-performing multi-level progressive wins Gold award IGT ADVANTAGE in the Cloud systems solution honored with Silver award for "BestProductivity-Enhancement Technology" LONDON , Oct. 4, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its Prosperity Link video slots game won the "Best Slot Product" category in the 2022 GGB Gaming & Technology Awards. Sponsored by Global Gaming Business Magazine, the GGB Gaming & Technology Awards recognize excellence in innovation and practical application in the gaming industry.

IGT's Prosperity Link Slots Game Wins "Best Slot Product" in 2022 GGB Gaming & Technology Awards

IGT's award-winning Resort Wallet™ and IGTPay™ technologies power STN Cash app – Las Vegas' first fully integrated, turnkey cashless gaming solution LONDON , Oct. 4, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today announced that its award-winning Resort Wallet and IGTPay cashless gaming modules of the IGT ADVANTAGE™ casino management system are deployed at Station Casinos' six flagship Las Vegas properties via the STN Cash app, making Las Vegas the epicenter of the cashless gaming revolution. Via a multi-year, enterprise-wide agreement, IGT and Station Casinos have partnered on the delivery of a user-friendly, intuitive and play-driving on-premise cashless gaming solution.

IGT and Station Casinos Make Las Vegas the Epicenter of Cashless Gaming Revolution via Enterprise-Wide Deployment of Resort Wallet and IGTPay

Builds on success of high-performing multi-level progressive (MLP) titles including Fort Knox™ and Prosperity Link™ with next-generation base game themes and content Expands hardware portfolio with global debut of PeakDual™ 27 and PeakCurve™ video slot cabinets Leads cashless gaming transformation via Resort Wallet™ and IGTPay™ modules of IGT ADVANTAGE™ systems solution; introduces IntelligenEVO™ VLT central system Showcases depth and breadth of IGT PlayDigital™ iGaming portfolio following iSoftBet acquisition; highlights scalability and versatility of industry-leading PlaySports™ technology Drives wide-area progressive (WAP) jackpot excitement with new Wheel of Fortune®, Megabucks® and Money Mania slots games; welcomes Let's Make a Deal™ brand to premium content portfolio Strengthens core video game library with 40 new, performance-tested titles; broadens portfolio for DiamondRS™ mechanical reel cabinet with research-backed titles LONDON , Oct. 3, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will present a diverse and high-performing portfolio of games, systems, iGaming and sports betting solutions at the 2022 Global Gaming Expo ("G2E") October 10-13 in Las Vegas, Nev. Backed by the theme "We've Got Game," IGT will welcome casino operators from around the world to its booth 3659 with innovations to maximize growth opportunities of today and the future.

IGT Presents World-Class Gaming, Systems, iGaming and Sports Betting Portfolio at 2022 Global Gaming Expo

International Game Technology PLC is a global leader in gaming products like gaming machines and lotteries to sports betting. With many economists out there noting that a recession could occur, a position in IGT is worth consideration.

International Game Technology May Be A Good Stock During A Recession

LONDON , Sept. 20, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, was chosen by the Ontario Lottery and Gaming Corporation ("OLG") following a competitive procurement as the primary technology provider of self-serve lottery terminals.

News for International Game Technology Stock (IGT)