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.
The IGT news page on Stock Titan aggregates company communications and media coverage related to the gaming, digital and financial technology enterprise that uses the IGT brand. Recent news releases describe IGT as a global provider of gaming machines, game content and systems, iGaming, sports betting technology, cash access, loyalty and player engagement solutions, organized into Gaming, Digital and FinTech business units and headquartered in Las Vegas.
Readers can use this page to follow announcements about new gaming cabinets and electronic table games, digital content launches, FinTech integrations and leadership updates. For example, company news has highlighted the global debut of cabinets such as RISE55 and RISE32, the launch of the Wheel of Fortune Big Money Spin electronic table game, and the expansion of IGT PlayDigital’s omnichannel content portfolio and engagement platform. The page also captures FinTech developments from Everi, an IGT brand, including mobile wallet launches and the expansion of the Digital Neighborhood of self-service payment and loyalty tools.
In addition, the news feed reflects IGT’s role in sports betting technology through IGT PlaySports, such as contract extensions to power statewide retail and mobile sports betting for government-sponsored lotteries. Leadership and organizational updates, including changes in executive roles and recognition of IGT leaders by industry groups, also appear in these releases.
By reviewing the IGT news stream, investors and industry observers can see how the enterprise presents its Gaming, Digital and FinTech strategies, its participation in major trade shows like the Global Gaming Expo and ICE Barcelona, and its ongoing product and technology roadmap across land-based and digital gaming environments.
International Game Technology (IGT) has extended its contract with Société de la Loterie de la Suisse Romande (Loterie Romande) until 2031. This long-term agreement enables IGT to enhance the lottery player experience in Switzerland by providing advanced lottery technology, including the deployment of its iLottery system. The new system aims to improve player data access and analytics, facilitating sales growth for charitable organizations. The cloud migration promises benefits like added security and scalability, while IGT’s ongoing delivery of the Aurora™ core lottery system will further drive innovation.
IGT has signed a five-year contract extension with Loto-Québec to enhance its INTELLIGEN™ video lottery central system software, valid until September 2027. This upgrade will connect 8,900 VLTs and includes improved network diagnostics and data analytics. IGT's COO, Nick Khin, emphasized that the updated system will provide Loto-Québec with advanced tools for operational efficiency. The INTELLIGEN system has over 25 years of experience, offering secure command capabilities and supporting enhanced player engagement features.
International Game Technology PLC (IGT) reported third-quarter results with consolidated revenue of $1.06 billion, marking an 8% increase year-over-year and a 14% rise at constant currency. Notable achievements include a 30% growth in Global Gaming income and an operating income margin of 20%. The company successfully sold its Italian payments business for €700 million and acquired iSoftBet for €160 million. Net debt decreased to $5.1 billion, with a historic low leverage of 3.1x. A record $224 million was returned to shareholders this fiscal year, highlighting financial stability.
International Game Technology PLC (IGT) will host a conference call and live webcast on November 8, 2022, at 8:00 a.m. EST, to discuss its third quarter 2022 results for the period ending September 30, 2022. Interested parties can register for the call here. A live webcast will also be available on IGT's Investor Relations website with a replay accessible afterward. IGT is a leader in gaming, operating in over 100 countries.
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.
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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.