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.
International Game Technology (IGT) delivers cutting-edge gaming solutions across lottery systems, digital wagering platforms, and regulated sports betting markets worldwide. This page provides official updates and press releases essential for understanding the company's strategic direction.
Access real-time announcements on financial results, product innovations, and regulatory milestones. Investors and industry professionals will find curated information spanning earnings reports, technology partnerships, new market entries, and corporate responsibility initiatives.
All content is verified for accuracy and relevance to IGT's core operations in gaming machines, omnichannel systems, and government-regulated lottery services. Bookmark this page for efficient tracking of developments impacting global gaming markets and IGT's position as an industry leader.
International Game Technology (IGT) has announced a new partnership with Gift & Go, a B2B gifting technology platform. This collaboration will integrate Gift & Go’s services into the IGT ADVANTAGE™ casino management system, allowing casino operators to enhance their promotional gift programs on slot machines. Players can redeem gifts fulfilled by Amazon Business, streamlining the gifting process and improving player retention. IGT's SVP, Ryan Reddy, emphasizes that this innovation will reduce storage needs and labor for casinos, while Gift & Go aims to boost revenue and player engagement through automation and personalization.
International Game Technology (IGT) is set to showcase its latest gaming innovations at the 2023 Indian Gaming Tradeshow & Convention in San Diego from March 27-30. Under the theme 'We've Got Game,' IGT will highlight Class II versions of popular games like Prosperity Link and Wheel of Fortune, alongside the DiamondRS cabinet. The showcase includes an array of new games, cabinets, and sports betting solutions aimed at enhancing tribal gaming experiences. The company will also host the Spirit of Sovereignty Slot Tournament to benefit tribal scholarships. IGT emphasizes its commitment to modernizing gaming floors and maximizing growth for tribal operators.
International Game Technology PLC (IGT) has entered a multi-year agreement with Graton Resort & Casino in Rohnert Park, California, to implement cashless gaming solutions through its Resort Wallet and IGTPay technologies. This integration enables guests to easily fund their play at over 3,000 slot machines, enhancing convenience and security. IGT's solutions were recognized for innovation in the gaming industry, winning multiple awards. Brian Green of Graton emphasized the benefits of these technologies in optimizing revenue and improving guest experience, while Ryan Reddy from IGT highlighted the growing acceptance and satisfaction among players.
On March 8, 2023, BetMGM launched the Wheel of Fortune Online Casino in New Jersey, marking the first brand-led online casino in North America. Collaborating with IGT (NYSE: IGT), the platform features America's Game®-branded slot titles and additional themed games. BetMGM aims to provide an innovative gaming experience, leveraging the iconic Wheel of Fortune brand, which celebrates its 40th season. Players can enjoy the casino via iOS, Android, and desktop. The launch reflects BetMGM's commitment to responsible gaming, partnering with MGM Resorts to offer gaming education resources.
International Game Technology PLC (IGT) has entered into a content agreement with Ruby Seven Studios, enhancing Ruby Seven's game portfolio by incorporating IGT's popular titles like Wheel of Fortune Slots and Wolf Run™ Eclipse. This partnership aims to bring well-known casino games to Ruby Seven's social casino applications, thereby expanding their offerings for players. Both companies have expressed enthusiasm about the collaboration, highlighting the potential for increased player engagement and success in the social casino market.
International Game Technology PLC (NYSE: IGT) announced a new partnership with BetSkybox to expand its IGT PlaySports™ technology in Ohio. This agreement will see the deployment of IGT's PlaySports QuickBet™ Kiosks in licensed restaurants and bars across the state. Executives from both companies highlighted the potential for enhanced sports betting experiences for fans in Ohio, particularly given the state’s vibrant professional and collegiate sports scene. The collaboration adds to IGT PlaySports' presence, which currently serves over 80 venues in the U.S. and Canada, showcasing IGT's capabilities in sports betting technology.
International Game Technology PLC (IGT) announced the filing of its 2022 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on February 28, 2023. The report contains audited financial statements for the year ending December 31, 2022. This filing aligns with the New York Stock Exchange regulations. IGT offers free hard copies of the report to all security holders upon request, further enhancing transparency. The report is accessible on IGT’s website and the SEC's site, reflecting the company’s commitment to investor relations.
International Game Technology (IGT) reported its financial results for Q4 and full-year 2022, exceeding expectations with $1.1 billion in quarterly revenue and $4.2 billion for the year. Key growth drivers included a 21% increase in Global Gaming revenue and a record $65 million from PlayDigital, supported by strategic acquisitions like iSoftBet. Operating income rose 24% to $230 million for the quarter, with a 21% margin. IGT returned a record $276 million to shareholders, reducing net debt by $771 million. For 2023, IGT forecasts revenue between $4.1 and $4.3 billion, maintaining a healthy operating margin of 21-23%. The company emphasizes improved profit profiles and growth prospects.
International Game Technology PLC (IGT) announced plans to partially redeem €188 million of its €500 million 3.500% Senior Secured Euro Notes due July 15, 2024, and $200 million of its $1.1 billion 6.500% Senior Secured Dollar Notes due February 15, 2025. The redemptions are set for March 16, 2023, at 100% of the principal amount plus accrued interest. The execution of these redemptions depends on IGT receiving sufficient proceeds from its senior revolving credit facilities. Payments will cease on both note series unless IGT defaults. This announcement is a part of IGT's strategy to manage its debt effectively.
FAQ
What is the current stock price of International Game Technology (IGT)?
What is the market cap of International Game Technology (IGT)?
