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.

LONDON, Sept. 30, 2021 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that it has appointed Joe Asher as President of Sports Betting, effective October 1, 2021.

IGT Appoints Joe Asher As President Of Sports Betting

LONDON, Sept. 28, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its U.S. market-leading PlaySports platform will power sports betting at Angel Of The Winds Casino Resort in Arlington, Wash.

IGT PlaySports Expands Leading U.S. Sports Betting Footprint to Angel Of The Winds Casino Resort in Washington State

LONDON, Sept. 27, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will exhibit its latest innovations for land-based casinos, the digital gaming sector and the fast-growing sports betting industry at the 2021 Global Gaming Expo ("G2E") held Oct. 5-7 in Las Vegas, Nev.

IGT's G2E 2021 Portfolio Celebrates "It's Game Time!"

IGT (IGT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

IGT (IGT) Soars 5.3%: Is Further Upside Left in the Stock?

An analyst upgrade had investors scooping up this stock today.

Why International Game Technology Stock Jumped 13% Today

LONDON, Sept. 21, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that Wendy Montgomery, the Company's Senior Vice President of Global Brand, Marketing and Communications, will be inducted into the Lottery Industry Hall of Fame as a member of the Class of 2021.

IGT Congratulates Wendy Montgomery for Induction into Lottery Industry Hall of Fame

LONDON, Sept. 16, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, has won a facilities management lottery contract from the Connecticut Lottery Corporation following a competitive procurement.

IGT Selected by Connecticut Lottery Corporation to Deliver Industry-Leading Products and Services for 10 Years

LONDON, Sept. 16, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it won the "Technology Provider of the Year" award and the "Lottery Product of the Year" award in the 2021 International Gaming Awards.

IGT Wins "Technology Provider of the Year" and "Lottery Product of the Year" at 2021 International Gaming Awards

International Game Technology PLC (NYSE: IGT) has entered a multi-year agreement with Indigo Sky Casino in Wyandotte, Oklahoma, for cashless gaming technology deployments. IGT plans a phased rollout of the Resort Wallet and IGTPay modules of the IGT ADVANTAGE casino management system.

IGT Enters Multi-Year Agreement With Indigo Sky Casino For Cashless Gaming

LONDON, Sept. 15, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company is extending its momentum in cashless gaming technology deployments to Oklahoma, the U.S. state with the second-highest concentration of gaming machines per capita.

IGT Extends Cashless Gaming Momentum to Oklahoma via Resort Wallet and IGTPay Agreement with Indigo Sky Casino

LONDON, Sept. 14, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that Knute Knudson, Jr., Vice President of Global Business Development and Tribal Ambassador, will be inducted into the American Gaming Association's (AGA) Gaming Hall of Fame as a member of the Class of 2021.

IGT's Knute Knudson, Jr. to be Inducted into American Gaming Association's Gaming Hall of Fame

LONDON, Sept. 8, 2021 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT" or the "Company") today announced that it has established a dedicated Digital & Betting business segment, comprising its iGaming and sports betting activities that were previously part of the Global Gaming segment.

International Game Technology PLC Announces New Digital & Betting Business Segment And Provides Investor Day Update

LONDON, Sept. 2, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its world-class PlaySports platform footprint will expand into Wisconsin through an agreement to power sports betting at Oneida Casino, on the Oneida Nation Reservation.

IGT and Oneida Nation Pioneer Sports Betting in Wisconsin via PlaySports Agreement

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Bragg Gaming Group Inc announced its subsidiary Wild Streak Gaming has extended its deal with International Game Technology (IGT), a global gaming company.  Wild Streak will develop four new land-based games for IGT, adding to the 10 popular titles the agreement has already produced.

Bragg Gaming Group subsidiary Wild Streak Gaming to develop another four games with International Game Technology

International Game Technology PLC (IGT) CEO Marco Sala on Q2 2021 Results - Earnings Call Transcript

Global lottery and gaming company International Game Technology (NYSE: IGT) reported second-quarter financial results Tuesday. Here's a look at the highlights and what's next for the company.

International Game Technology Q2 Recap: Strong Revenue, Updated Guidance, Growth In Sports Betting

IGT (IGT) delivered earnings and revenue surprises of -284.62% and 11.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

International Game Technology (IGT) Reports Q2 Loss, Tops Revenue Estimates

LONDON, Aug. 3, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the second quarter ended June 30, 2021. Today, at 8:00 a.m.

International Game Technology PLC Reports Second Quarter 2021 Results

IGT (IGT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down 21.3% in 4 Weeks, Here's Why You Should You Buy the Dip in IGT (IGT)

International Game Technology (IGT) second-quarter performance is likely to have benefitted from global lottery growth, progressive recovery in U.S. gaming and OPtiMa cost-savings initiatives.

International Game Technology (IGT) Q2 Earnings: What's Up?

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Video game spending is strong despite changing pandemic conditions. This calls for investing in JAKKS Pacific (JAKK), International Game Tech (IGT), Electronic Arts (EA) and Mattel (MAT).

4 Stocks to Play as Video Game Sales Continue to Surge

LONDON, July 26, 2021 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that it has entered into an Amendment and Extension Agreement with respect to its term loan facility (the "Amendment and Extension Agreement"). "We are pleased to announce a successful refinancing of our term loan facility agreement," said Max Chiara, CFO of IGT.

International Game Technology PLC Announces Successful Amendment And Extension Of Term Loan Facility

LONDON, July 22, 2021 /PRNewswire/ -- International Game Technology PLC (IGT) (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), has extended its lottery gaming systems contract to deploy next-generation cashless lottery technology for Washington's Lottery, making Washington the seventh U.S. state to leverage IGT's cashless lottery solutions. This agreement extends IGT's current contract through June 30, 2029.

IGT to Deploy Next-Generation Cashless Technology for Washington's Lottery

LONDON, July 21, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company is leading the transformation of the casino industry with an agreement to implement its Resort Wallet™ cashless solution and its proprietary IGTPay™ full-service funding solution at all three Agua Caliente Casinos in California: Agua Caliente Casino Resort Spa Rancho Mirage, Agua Caliente Casino Palm Springs, and Agua Caliente Casino Cathedral City. This deployment of Resort Wallet in combination with the IGTPay solution will give patrons mobile access to funds from all available types of external sources.

News for International Game Technology Stock (IGT)