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.

Company's patented digital printing technology can be fully customized to enhanceinstant ticket player experience with high-resolution artwork and new playstyles LONDON , April 14, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today the introduction of its Infinity Instants™ games that are created using multiple patented digital printing technologies to transform and enhance instant ticket design and gameplay. The innovative printing techniques are unlike any others in the industry and produce games with high definition, richly colored symbols and graphics on the front and back of a ticket, and with unparalleled scene variety and flexibility.

IGT Transforms Instant Tickets with Infinity Instants Games

Company recognized as top gaming supplier in acclaimed global awards program LONDON , April 13, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently won the "Casino Supplier of the Year" award at the 2022 Global Gaming Awards London. This marks the second year in a row that the Company received the notable honor.

IGT Wins Second Consecutive "Casino Supplier of the Year" Honor at 2022 Global Gaming Awards London

Combined Remote Game Server patent portfolio offers compelling content for digital and social gaming Game Feature and Remote Game Server patents can be sublicensed to third parties to advance innovation in the gaming industry LONDON , April 12, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that it has signed a broad patent cross-licensing agreement with Aristocrat Leisure Limited (ASX: ALL) ("Aristocrat") that includes valuable patents related to game features and remote game server (RGS) technologies. Under the agreement, IGT will be able to offer licenses to the companies' combined game feature and RGS patent portfolios to the global gaming industry.

IGT Signs Broad Patent Cross-Licensing Agreement with Aristocrat

Company signs contract with Atlantic Lottery Corporation to deploy nearly 1,400 CrystalDual 27 VLTs with popular The Price is Right content LONDON , April 12, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Canada Solutions ULC, has signed a contract with the Atlantic Lottery Corporation ("ALC") to provide 1,375 CrystalDual® 27 video lottery terminals (VLTs) throughout the remainder of the year. As part of the agreement, IGT will launch the VLTs with high-performing themes including The Wild Life™, Big City 5's™, The Big Easy™ and Royal Spins Deluxe™.

IGT Strengthens Video Lottery Terminal Leadership in Atlantic Canada via Massive Hardware and Content Deal

IGT PlayDigital content library will more than double to approximately 225 proprietary games Will Provide IGT PlayDigital with advanced third-party game aggregation platform LONDON , April 11, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") today announced that it has entered into a definitive agreement to acquire iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately €160 million in cash. The acquisition will more than double the IGT PlayDigital content library to approximately 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and leading data-driven promotional and user-engagement tools.

International Game Technology PLC Announces Agreement to Acquire iSoftBet

Company holds exclusive preview of Hexbreak3r™ tournament solution at annual Spirit of Sovereignty Slot Tournament benefiting Indian Country LONDON , April 6, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will present an impressive portfolio of performance-driving solutions for tribal casinos at the 2022 Indian Gaming Tradeshow and Convention ("NIGA"), April 20-22 in Anaheim, Calif. The three-day event will serve as the world debut for the Company's Hexbreak3r tournament solution, and an important platform for IGT to demonstrate how its gaming, systems and sports betting solutions can help operators accelerate growth and attract new players.

IGT Extends "It's Game Time!" Theme to 2022 Indian Gaming Tradeshow & Convention via Innovation-Packed Portfolio

LONDON , April 1, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today announced the posting of its Notice of the 2022 Annual General Meeting ("AGM"), accompanying proxy for the meeting, and the 2021 Annual Report and Accounts for the year ended December 31, 2021 to shareholders. The AGM will be held at IGT's registered office, Marble Arch House, 66 Seymour Street, Second Floor, London W1H 5BT, on May 10, 2022, at 3:00 p.m.

Notice of 2022 Annual General Meeting and 2021 Annual Report and Accounts

Gaming technology services and products maker International Gaming Technology (NYSE: IGT) stock has held up relatively well in 2022 despite the benchmark indices sell-off.

International Gaming Technologies Stock isn't a Gamble Down Here

Company signs six-year contract with Singapore's lottery operator LONDON , March 21, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Services Limited, has signed a six-year contract with Singapore Pools (Private) Limited ("Singapore Pools") to provide IGT's powerful central lottery system, Aurora™, and its related technologies. IGT's Aurora was built to drive lottery innovation and profitability and will offer reliability for Singapore Pools' high volume of transactions.

IGT Powers Singapore Pools with High-Performing Aurora Central System

LONDON, March 9, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced today that its subsidiary, IGT Europe Gaming B.V. (hereinafter "IGT"), has launched in the Spanish Amusement with Prize (AWP) "salones" subsector with compelling solutions specifically adapted for the market through an exclusive distribution agreement with Orenes Grupo, the Spanish salones market leader in operations and gaming machine distribution.

IGT Launches in Spain's Amusement with Prize 'Salones' Sector with Compelling, Market-Attuned Solutions

LONDON, March 7, 2022 /PRNewswire/ -- International Game Technology PLC (IGT) (NYSE: IGT) announced that its subsidiaries, IGT Global Solutions Corporation, IGT México Lottery, S. de R.L. de C.V.

IGT Fortifies Lottery Leadership in Mexico with Expanded Agreement

Earnings weren't what the market expected, but there are positive signs for IGT.

Why International Game Technology Stock Fell 16.8% on Tuesday

International Game Technology PLC (IGT) CEO Vincent Sadusky on Q4 2021 Results - Earnings Call Transcript

IGT (IGT) delivered earnings and revenue surprises of -76.92% and 2.48%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

International Game Technology (IGT) Lags Q4 Earnings Estimates

LONDON, March 1, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today reported financial results for the fourth quarter and full year ended December 31, 2021. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS

LONDON, Feb. 28, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that its wholly owned subsidiary IGT Lottery S.p.A. has signed a definitive agreement to sell its Italian proximity payment business to PostePay S.p.A.

International Game Technology PLC Announces Sale of Italian Commercial Payment Business to PostePay S.p.A.

LONDON, Feb. 25, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, has signed a comprehensive 20-year contract extension with the Rhode Island Lottery to remain the exclusive supplier of lottery, iLottery, instant ticket, and video lottery solutions and services through June 30, 2043. In addition to providing innovative solutions and services, IGT has committed to maintaining 1,100 lucrative jobs in Rhode Island.

IGT Signs Comprehensive 20-Year Contract Extension with Rhode Island Lottery

LONDON, Feb. 22, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, has signed a three-year contract extension with long-time partner, the Missouri Lottery, which extends the existing agreement until June 30, 2025. As part of this agreement, IGT will deploy 175 new cashless GameTouch™ 28 self-service vending machines, expanding the Lottery's retailer base and allowing for a more dynamic user experience among players.

IGT Delivers Industry-Leading Technology to Missouri Lottery via Three-Year Extension

LONDON, Feb. 17, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will expand its sports betting footprint in Washington State via a multi-year agreement with Kalispel Tribal Economic Authority, an instrumentality of the Kalispel Tribe of Indians who owns and operates Kalispel Casino in Cusick, Wash. Under the terms of the agreement, Kalispel Casino will leverage IGT's PlaySports technology and trading advisory services to power its soon-to-open retail sportsbook.

IGT Grows Sports Betting Leadership in Washington State via Agreement with Kalispel Casino

LONDON, Feb. 9, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss fourth quarter and full year 2021 results for the period ended December 31, 2021 on Tuesday, March 1, 2022. Conference call details: Tuesday, March 1, 2022 8:00 a.m.

International Game Technology PLC to Host Fourth Quarter and Full Year 2021 Results Conference Call on Tuesday, March 1, 2022

LONDON, Feb. 1, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced today that its subsidiary, IGT Canada Solutions ULC (hereinafter "IGT"), has signed a five-year central systems contract extension with Manitoba Liquor and Lotteries Corporation ("MBLL") to deliver an enhanced version of IGT's INTELLIGEN™ video lottery central system. INTELLIGEN connects nearly 6,600 video lottery terminals (VLTs) throughout Manitoba.

IGT to Deploy Enhanced INTELLIGEN Central System Technology to Manitoba VLTs

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International Game Technology has run up well over 120% from our last coverage on the stock being one of our best picks for 2021. The stock may struggle to gain ground in 2022 with rising interest rates dragging on the sector as a whole.

International Game Technology Has Been A Winner

LONDON, Jan. 20, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT" or the "Company") today announced that on January 14, 2022 its board of directors implemented a number of changes to the Company's executive team and board. Lorenzo Pellicioli will retire as chairperson of the IGT Board of Directors and will remain a non-executive director.

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES EXECUTIVE AND BOARD LEADERSHIP CHANGES

LONDON, Jan. 18, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it furthered its leadership in cashless gaming technologies by completing the final stages of Nevada regulatory approval for its Resort Wallet™ module of the IGT ADVANTAGETM casino management system. With this achievement, IGT's entire cashless gaming solution, which includes the option for one-step external funding via IGTPay™ on personal mobile devices, is approved for deployment throughout the State.

News for International Game Technology Stock (IGT)