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 , June 1, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today it signed a three-year contract extension with AB Svenska Spel ("Svenka Spel") to continue providing leading-edge video lottery technology and services including the INTELLIGEN™ central system, more than 4,000 Quasar™ Video Lottery Terminals ("VLT"), high-performing games, award-winning IGTPay™ cashless technology and more. This contract extension will run through January 2027.

IGT Propels Leadership in Sweden via Three-Year Contract Extension with Svenska Spel

Connecticut Lottery players will be able to purchase Keno and draw-based games online for the first time in Lottery history LONDON , May 31, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed an eight-year contract with the Connecticut Lottery Corporation ("CLC") to deploy its iLottery gaming system and related components. This technology will enable the CLC to sell Keno and draw-based lottery games for the first time via a new website and mobile app developed by IGT.

IGT Executes Long-Term Contract with Connecticut Lottery to Launch iLottery System, Mobile App and eDraw Games

Company pairs most successful slot theme of all time with industry-first technology to create pioneering omnichannel jackpot link in the US LONDON , May 31, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it has introduced the first omnichannel wide area progressive (WAP) jackpot in the U.S. via a Wheel of Fortune slots link in New Jersey. This milestone achievement enables players in New Jersey to spin for large-scale wins on games with combined jackpot liquidity between the land-based, mobile and online versions of IGT's Wheel of Fortune slots.

IGT Introduces First Omnichannel Wide Area Progressive Link in the US with Wheel of Fortune® Slots in New Jersey

Contract with WCLC to deploy top-performing content on market-leading hardware is the fourth in seven years following competitive procurements LONDON, May 30, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT), announced today that it has signed a contract with the Western Canada Lottery Corporation ("WCLC") to provide 720 CrystalDual® 27 video lottery terminals (VLTs). This marks the fourth time in seven years that IGT has been awarded a significant VLT contract by WCLC following competitive procurements.

IGT Expands VLT Footprint in Western Canada with 720 New Units

LONDON , May 30, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will present its impressive portfolio of world-class lottery solutions at the 11th EL Congress and Trade Show, presented by European Lotteries, from June 4-7, in Šibenik, Croatia. In booth 612, IGT will demonstrate its "Future-Forward, Growth-Driven" approach with a full suite of digital tools, exciting new games, and innovative solutions that drive lottery sales and engage the next generation of players.

IGT Presents Future-Forward, Growth-Driving Solutions at the 11th EL Congress and Trade Show

Company to deliver its comprehensive Aurora™ system technology to Germany's largest lottery via five-year contract with extension options LONDON , May 23, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Services Limited, has signed a contract extension with Westdeutsche Lotterie GmbH & Co. OHG ("WestLotto") to deliver IGT's powerful central lottery system, Aurora™, and its related technologies. The contract extension is expected to run through at least 2031.

IGT Upgrades WestLotto Central Lottery System with Aurora Deployment

LONDON , May 17, 2023 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that IGT PlaySports™ reinforced its sports betting industry leadership by being named Sportsbook Supplier of the Year at the 2023 SBC Awards North America last week in New York. "There is no shortcut to success.

IGT PlaySports Wins Sportsbook Supplier of the Year at 2023 SBC Awards North America

Company's Vice President and General Manager of Global Instant Tickets honored for playing pivotal role in lottery industry LONDON , May 15, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that Keith Cash, the Company's Vice President and General Manager of Global Instant Tickets will be inducted into the Lottery Industry Hall of Fame as a member of the Class of 2023. Cash will be honored later this year at an event hosted by the Public Gaming Research Institute (PGRI).

IGT Congratulates Keith Cash for Induction into Lottery Industry Hall of Fame

Company installed world-class lottery system and retail solutions; will support re-launch of instant ticket program in the market LONDON , May 10, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Services Limited, signed a 10-year contract with National Lottery plc, a subsidiary of IZI Group and the new operator of National Lottery in Malta. IGT also signed an instant ticket printing services contract, expected to run until June 2032, for the National Lottery's re-launch of instant tickets into the market.

IGT Drives Lottery Innovation for National Lottery in Malta via Two Long-Term Contracts

International Game Technology PLC (NYSE:IGT ) Q1 2023 Results Earnings Conference Call May 9, 2023 8:00 AM ET Company Participants James Hurley - Senior Vice President, Investor Relations Vincent Sadusky - Chief Executive Officer Massimiliano Chiara - Executive Vice President and Chief Financial Officer Conference Call Participants Carlo Santarelli - Deutsche Bank Benjamin Chaiken - Credit Suisse Barry Jonas - Truist Securities David Bain - B. Riley Securities Jeff Stantial - Stifel Nicolaus & Company David Katz - Jefferies Domenico Ghilotti - Equita Group Aaron Lee - Macquarie Group Operator Good morning.

International Game Technology PLC (IGT) Q1 2023 Earnings Call Transcript

The headline numbers for IGT (IGT) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

IGT (IGT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

International Game Technology (IGT) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.39 per share a year ago.

International Game Technology (IGT) Beats Q1 Earnings and Revenue Estimates

Generated revenue of $1.06 billion, fueled by 8% Global Lottery same-store sales growth and double-digit revenue growth in Global Gaming and PlayDigital 24.1% operating income margin meets high end of outlook range on strong Global Gaming performance Adjusted EBITDA of $449 million and 42.3% Adjusted EBITDA margin among highest levels in Company history Net debt leverage improves to 3.0x, the lowest level in Company history Reaffirming full-year 2023 revenue and profit outlook LONDON , May 9, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the first quarter ended March 31, 2023. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FIRST QUARTER 2023 RESULTS

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Several top-rated Zacks stocks are reporting their quarterly results this week that offer a broad range of international exposure.

3 Top-Rated Stocks to Buy for International Exposure as Earnings Approach

LAS VEGAS--(BUSINESS WIRE)--Today, PLAYSTUDIOS, Inc., the creator of the playAWARDS loyalty platform and an award-winning developer and publisher of free-to-play mobile games that offer real-world rewards to players, announced its licensing deal with global gaming leader IGT, a wholly-owned subsidiary of International Game Technology PLC (NYSE:IGT). For the first time, PLAYSTUDIOS can use popular IGT content within its chance-based casual games. The first three content titles scheduled for rele.

PLAYSTUDIOS Secures Content License From IGT, a Leading Global Provider of Top-performing Casino Content

If you are looking for stocks that are well positioned to maintain their recent uptrend, IGT (IGT) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Recent Price Trend in IGT (IGT) is Your Friend, Here's Why

IGT (IGT) doesn't possess 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) Reports Next Week: What You Should Expect

Iowa sportsbook joins more than 80 gaming venues across North America that are powered by IGT PlaySports™ technology LONDON , April 27, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its award-winning PlaySports technology and skilled trading advisory services team are powering retail sports betting at Meskwaki Bingo Casino Hotel in Tama, Iowa. Meskwaki Bingo Casino Hotel guests may now place a range of bets at the property's walk-up betting window or via the sportsbook's self-service PlaySports QuickBet Kiosks.

IGT PlaySports Technology Powers Retail Sports Betting at Meskwaki Bingo Casino Hotel

International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss first quarter 2023 results for the period ended March 31, 2023 on Tuesday, May 9, 2023.

International Game Technology PLC to Host First Quarter 2023 Results Conference Call on Tuesday, May 9, 2023

LONDON , April 5, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has expanded its sports betting footprint to New Mexico via a multi-year agreement with the Pueblo of Santa Ana tribe. IGT's award-winning IGT PlaySports platform, self-service betting kiosks, and trading advisory services replaced a competitor's technology and services and are now powering sports betting at Santa Ana Star Casino Hotel in Santa Ana Pueblo.

IGT PlaySports™ Enters New Mexico by Powering World-Class Sports Betting at Santa Ana Star Casino Hotel

The gradual legalization of online gaming in the U.S. states provides significant tailwinds for the company's business and products. IGT stock trades at an attractive valuation and offers a handsome dividend yield.

International Game Technology: A Solid Bet In The Gaming Segment

LONDON , March 30, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today announced the posting of its Notice of the 2023 Annual General Meeting ("AGM"), accompanying proxy for the meeting, and the 2022 Annual Report and Accounts for the year ended December 31, 2022 to shareholders. The AGM will be held at IGT's registered office, 3rd Floor, 10 Finsbury Square, London, England, EC2A 1AF, on May 9, 2023, at 3:00 p.m.

Notice of 2023 Annual General Meeting and 2022 Annual Report and Accounts

LONDON , March 24, 2023 /PRNewswire/ -- International Game Technology PLC (the "Company") (NYSE: IGT) today announced that on March 22, 2023, the Company was notified by its Non-Executive Director, Mr. Marco Drago, that on March 17, 2023 he disposed of the principal amount of $1,814,000 of the $1,100,000,000 6.500% Senior Secured Notes due February 15, 2025 (Rule 144A:  ISIN/CUSIP US460599AC74/460599 AC7 and Regulation S:  ISIN/CUSIP USG4863AAC20/G4863A AC2) for an aggregate value of $1,823,070.

Notification of Transaction by a Person Discharging Managerial Responsibilities

Through IGT ADVANTAGE casino management system integration, Gift & Go will enable players to participate in promotional gift programs on slot machines for goods fulfilled by Amazon Business LONDON , March 22, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently signed an agreement with B2B gifting technology platform, Gift & Go. This relationship will provide casino operators who use the IGT ADVANTAGE™ casino management system the option to add Gift & Go's on-demand gifting technology platform to their slot machines' service window or secondary display via IGT's M5 content management technology.

IGT to Modernize Casino Loyalty Club Prizing via Agreement with Gift & Go

Company demonstrates commitment to tribal gaming growth via Class II renditions of award-winning Prosperity Link game, DiamondRS cabinet, Wheel of Fortune slots, and more LONDON , March 21, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will showcase its vast portfolio of compelling new games, cabinets, systems, and sports betting solutions for tribal gaming customers at the 2023 Indian Gaming Tradeshow & Convention ("IGA") from March 27-30 in San Diego, Calif. Under the theme "We've Got Game," the Company will reinforce its commitment to tribal gaming through its performance-tested solutions that help operators modernize their gaming floors, elevate their loyalty programs, and maximize growth opportunities.

News for International Game Technology Stock (IGT)