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 (IGT) has announced the deployment of its IGT ADVANTAGE casino management system at the upcoming NUSTAR Resort and Casino in Cebu, Philippines. The casino will feature the first Peak49 cabinets in Asia, enhancing gaming experiences with advanced technology and data analytics. This partnership aims to optimize casino operations and customer loyalty through cashless gaming options in the future. The NUSTAR Resort will also showcase popular IGT games, setting a new standard for entertainment in the region.
International Game Technology (IGT) reported a 4% increase in revenue, reaching $1.1 billion, driven by a 42% surge in Global Gaming product sales. Operating income stood at $252 million, with a margin exceeding expectations at 24%. Adjusted EBITDA remained strong at $433 million, maintaining a 41% margin. The company returned a record $80 million to shareholders in dividends and share buybacks. IGT reaffirmed its full-year outlook for 2022, targeting revenues between $4.1 billion and $4.3 billion.
IGT has achieved Global Gambling Guidance Group (G4) responsible gaming accreditation for its sports betting operations, making it the first U.S. supplier in the gaming industry to do so. This certification covers IGT's lottery, gaming, digital, and sports betting segments, underscoring the company's commitment to responsible gaming initiatives. IGT previously received G4 certification for its gaming operations in 2017 and digital solutions in 2019. The accreditation promotes best practices in player protection and responsible gaming across its platforms.
Summary not available.
International Game Technology PLC (IGT) will host a conference call to discuss its first quarter 2022 results for the period ending March 31, 2022. The call is scheduled for Tuesday, May 10, 2022, at 8:00 a.m. EDT. Investors can register for the call here. A live webcast will also be accessible on the IGT Investor Relations website, with a replay available afterward. For more information, visit www.IGT.com.
International Game Technology (IGT) has been awarded the title of Multi-Channel Supplier of the Year at the 2022 International Gaming Awards. This recognition highlights IGT's leadership in providing cross-platform content and technology solutions across iGaming and land-based casinos. IGT's diverse game offerings, including the innovative Powerbucks slots, contribute to its competitive edge. The award reflects the company's commitment to enhancing player engagement and supporting customers in their growth amid increasing demands in the gaming industry.
IGT has launched its innovative Infinity Instants™ games, utilizing patented digital printing technology to enhance instant ticket design and gameplay. This technology allows for high-resolution, colorful designs with customizable elements, promoting player engagement. The new tickets have successfully debuted in four U.S. lottery markets, demonstrating strong performance. IGT's commitment to innovation in the lottery sector was emphasized by COO Jay Gendron, highlighting the potential for an infinite number of design possibilities.
Summary not available.
International Game Technology (IGT) has entered a significant patent cross-licensing agreement with Aristocrat Leisure, enhancing its portfolio of game features and remote game server technologies. This deal allows IGT to sublicense their combined patents to the global gaming industry, potentially accelerating innovation and development in gaming mechanics. While financial details remain undisclosed, IGT emphasizes its commitment to protecting its intellectual property and facilitating growth through collaboration.
International Game Technology PLC (IGT) has secured a contract with Atlantic Lottery Corporation (ALC) to provide 1,375 CrystalDual® 27 video lottery terminals (VLTs) throughout 2022. The agreement includes launching themes like The Wild Life™, Big City 5's™, and The Price Is Right, which will be deployed in 2023. This move enhances IGT's strong presence in Atlantic Canada, where it has supplied VLTs for over 30 years. The CrystalDual 27 features two high-definition displays and a mobile charging port, aimed at modernizing ALC's gaming offerings and improving player experiences.