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.
IGT provides gaming, digital and financial technology solutions for casino, digital and hospitality operators. Its offering includes gaming machines, game content and systems, iGaming, sports betting, cash access, loyalty and player engagement products, organized across Gaming, Digital and FinTech business units.
Company news commonly covers product showcases for land-based and digital gaming, Class II and Class III content, cabinet and systems launches, and technology from IGT brands such as PlaySports and Everi. Updates also include sports betting platform agreements, mobile and retail sportsbook deployments, casino and lottery customer relationships, and executive or organizational changes tied to product, commercial and operational functions.
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.
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International Game Technology PLC (IGT) announced an expansion of its sports betting services in Mississippi, with the launch of IGT's PlaySports™ technology at Treasure Bay Casino and Hotel in Biloxi. This deployment includes a conversion from the casino's previous sportsbook platform and introduces on-premise mobile betting, enhancing convenience for patrons. IGT's PlaySports technology is currently in use at over 80 gaming venues across the U.S., positioning IGT as a leader in the sports betting market.
IGT has announced a multi-year technology agreement with Betfred to support sports betting in Nevada. This partnership utilizes IGT PlaySports technology for both retail and mobile betting at the Mohegan Sun Sportsbook within Virgin Hotels Las Vegas.
This marks the first IGT-powered Betfred sportsbook in the U.S. and signifies Betfred's entry into the Nevada market. Betfred plans to launch retail betting initially, followed by mobile betting soon after. IGT currently powers over 80 gaming venues across the U.S. and Canada.
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International Game Technology PLC (IGT) will hold a conference call and live webcast to discuss its fourth quarter and full year 2022 results on February 28, 2023. The call is set for 8:00 a.m. EST.
Participants can pre-register for the call to receive a dial-in number and unique PIN. A live webcast will also be available on the IGT Investor Relations website. The replay can be accessed after the event.
IGT is a global leader in gaming, providing engaging and responsible gaming experiences across various segments. The company maintains relationships with regulators in over 100 countries and employs around 10,500 people.
International Game Technology (IGT) announced a long-term issuer rating of BB+ and a stable outlook from Fitch Ratings. The positive rating reflects IGT's improved leverage due to substantial debt reduction from non-core business sales and strong free cash flow. Additionally, IGT's robust position in core gaming markets, particularly lottery, positions it well for future investments in slot machines and shareholder returns. CFO Max Chiara expressed satisfaction with the ratings, highlighting IGT's leadership and financial performance.
International Game Technology PLC (IGT) has received a 'B' score from the global environmental non-profit CDP, reflecting significant improvement in environmental disclosure and performance compared to its 2021 assessment. This score places IGT above average in comparison to peers in the information technology sector. The company excelled in governance oversight and emission reduction initiatives, underscoring its commitment to sustainability. Wendy Montgomery, IGT's SVP, emphasized the importance of reducing the carbon footprint and the company's role in promoting sustainable operations among customers.
International Game Technology (IGT) will showcase its gaming innovations at ICE London 2023 from February 7-9. The exhibit will feature a diverse range of products, including the multi-level progressive (MLP) libraries such as Prosperity Link and Egyptian Link, alongside innovative hardware like the PeakDual™27 cabinet. IGT aims to enhance player experiences with new gaming solutions, including the Resort Wallet™ for cashless gaming and an expanded PlayDigital™ iGaming portfolio. The company emphasizes a player-centric approach in its offerings, aiming to drive growth for its partners in the gaming industry.
International Game Technology (NYSE:IGT) has entered into a patent cross-licensing agreement with Greentube, a division of NOVOMATIC. This deal encompasses valuable patents related to remote game server technologies, allowing IGT to offer licenses to these combined portfolios within the global gaming industry. The financial terms remain undisclosed. IGT's CEO, Renato Ascoli, expressed optimism about fostering collaboration in the gaming sector, while Greentube's CEO, Thomas Graf, highlighted the significance of this agreement in enhancing their premium gaming products. Both companies will continue to safeguard their intellectual property and drive innovation in gaming.