International Game Technology Stock Price, News & Analysis

IGT has signed a seven-year contract extension with the Georgia Lottery Corporation to modernize its lottery and iLottery offerings. This agreement will last until September 2032 and includes the addition of cashless functionality at over 10,000 retail terminals. IGT will also install new Retailer Pro terminals and replace 600 vending machines. Furthermore, upgrades will allow the migration of lottery systems to the cloud, enhancing scalability and integration. IGT's longstanding partnership with Georgia Lottery has facilitated over $25 billion in contributions to the state's education fund.

Oregon Lottery has partnered with IGT to become the first U.S. lottery to offer video lottery terminal (VLT) player accounts using cashless solutions. This integration will affect over 11,500 VLTs in Oregon, allowing players to securely save winnings and redeem them without paper tickets, enhancing player security. The transition is part of a broader industry trend towards cashless technology, aimed at improving player experience and compliance with market regulations. IGT's INTELLIGEN central system will support these capabilities.

International Game Technology (IGT) has launched its cashless gaming solutions, Resort Wallet and IGTPay, at Indigo Sky Casino in Wyandotte, Oklahoma. This technology allows players to create a PIN-protected SKYWallet account through the casino's mobile app, facilitating cashless slot play with various funding sources. According to Indigo Sky Casino General Manager Melanie Heskett, this deployment has transformed their operations by driving slot play and enhancing customer convenience. IGT aims to modernize the gaming experience as digital payment methods gain popularity.

International Game Technology PLC (IGT) has secured a new 10-year contract for scratch ticket printing and services with the Texas Lottery Commission, extending their partnership until August 2034. The contract follows a competitive procurement process and highlights IGT's successful history with the Texas Lottery, which has generated over $35 billion in revenue for various causes since 1992. IGT will continue to supply popular game offerings like Loteria, which generated over $1.6 billion in sales in 2021, while also providing lottery operations and support services.

IGT unveils OMNIA™, the lottery industry's first omnichannel solution, at the World Lottery Summit 2022, taking place from October 16-20 in Vancouver. This innovative solution integrates IGT's retail lottery core system with its iLottery solution, allowing operators to digitalize the retail experience. IGT's exhibition will also showcase advanced gaming solutions catering to diverse customer profiles, including retail and iLottery categories. IGT executives will participate in various panel discussions, highlighting the company's leadership in transforming the lottery industry.

IGT has partnered with Station Casinos to launch the STN Cash app, a cashless gaming solution at six Las Vegas properties.

This integration of IGT's Resort Wallet and IGTPay, part of the IGT ADVANTAGE casino management system, enhances player experience by allowing quick, secure funding for slot play via personal mobile devices.

The initiative aims to increase player convenience and support Station Casinos' growth and profitability, marking a significant shift towards cashless gaming in the region.

International Game Technology (IGT) will showcase its extensive gaming portfolio at the 2022 Global Gaming Expo (G2E) from October 10-13 in Las Vegas. The exhibit will feature innovations like the PeakDual™ 27 and PeakCurve™ cabinets, new multi-level progressive games such as Money Mania, and advancements in cashless gaming solutions with Resort Wallet™ and IGTPay™. CEO Vince Sadusky emphasized IGT's strong product performance, while the event will highlight over 200 innovations designed to meet diverse customer needs and capture market growth opportunities.