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 a definitive agreement to acquire iSoftBet for approximately €160 million. This acquisition is set to enhance the IGT PlayDigital content library, more than doubling its offerings to around 225 proprietary games. Additionally, iSoftBet will provide a robust third-party game aggregation platform, improving IGT's competitive capabilities in North America and Europe. The deal is expected to close in the second quarter of 2022, pending customary conditions.
IGT will showcase its innovative gaming solutions at the Indian Gaming Tradeshow and Convention (NIGA) from April 20-22, 2022, in Anaheim, California. Key highlights include the debut of the Hexbreak3r tournament solution and cashless gaming technologies like Resort Wallet™ and IGTPay™. The company aims to enhance growth opportunities for tribal operators while connecting with PlayDigital customers in the expanding sports betting market. Proceeds from the event will support tribal college scholarships.
International Game Technology announced the posting of its Notice of the 2022 Annual General Meeting (AGM) and the 2021 Annual Report for the year ended December 31, 2021. The AGM is scheduled for May 10, 2022, at 3:00 p.m. BST at IGT's London office. Shareholders can access the AGM materials and the 2021 Annual Report on the company's website. IGT is committed to implementing health and safety measures for the AGM in accordance with government guidelines. The company is a leader in gaming, providing diversified services globally.
International Game Technology (IGT) has secured a six-year contract with Singapore Pools to provide its Aurora central lottery system. This deal enables IGT to support Singapore Pools' high transaction volumes with advanced technology designed for lottery innovation and profitability. IGT's solutions, including Aurora Navigator, Data Connector, and Aurora Anywhere, will enhance operational efficiency and data management for Singapore Pools. The partnership reinforces IGT's longstanding presence in the lottery sector since 1986, ensuring secure and responsible gaming experiences in Singapore.
International Game Technology PLC (NYSE: IGT) has launched its offerings in Spain's Amusement with Prize (AWP) salones subsector. This move is supported by an exclusive agreement with Orenes Grupo, the leading gaming machine distributor in Spain. IGT introduced its Magic Fortune™ Link multi-level progressive game, featuring popular titles adapted for Spanish players. The salones sector comprises around 3,000 gaming halls focused on advanced video content. Ongoing player research will drive future game releases tailored to local preferences.
International Game Technology (IGT) has secured a contract with La Lotería Nacional (LOTENAL) in Mexico, extending their partnership until September 30, 2024. This agreement involves IGT providing a range of lottery solutions and sports betting services, including a central system for draw-based and instant ticket games, marketing services, and sports trading advisory services. The collaboration highlights a 30-year history of positive sales results benefiting social causes in Mexico. IGT's offerings will cover 8,400 lottery terminals nationwide, enhancing LOTENAL's product innovations.
International Game Technology (IGT) announced the filing of its 2021 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 3, 2022. This report includes audited financial statements for the year ending December 31, 2021. IGT emphasizes its commitment to providing a hard copy of the report free of charge to its security holders upon request. The report is accessible on both IGT's website and the SEC's portal. IGT is recognized as a leading global gaming provider, delivering engaging gaming experiences across various regulated channels.
International Game Technology PLC (IGT) reported strong financial performance for Q4 and full year 2021, achieving the highest revenue, profit, and cash flow in four years. Q4 revenue rose 19% to $1 billion, and full year revenue surged 31% to $4.1 billion. Key highlights include improved operating income, significant cash flow generation, and a reduction in net debt to $5.9 billion. IGT also reinstated a quarterly dividend and repurchased shares. The company aims for mid-single digit organic revenue growth and mid-teens operating income growth by 2025, with a solid outlook for 2022.
International Game Technology (NYSE:IGT) has announced the sale of its Italian proximity payment business to PostePay for €700 million. This transaction includes the sale of LIS Holding S.p.A. and LISPAY S.p.A., which generated approximately €228 million in gross revenues and €40 million in EBITDA in 2021. IGT aims to utilize the proceeds mainly to reduce debt, while streamlining its portfolio to focus on core assets. The deal is subject to regulatory approvals, with closing expected in Q3 2022.
International Game Technology PLC (IGT) has signed a 20-year contract extension with the Rhode Island Lottery, ensuring exclusive supply of lottery services through June 30, 2043. The deal includes maintaining 1,100 jobs in Rhode Island and involves a $155 million investment. IGT will upgrade lottery systems over the contract period, introducing its Aurora™ product and enhancing the iLottery system in 2023. IGT will also pay $27 million to the state, supporting economic development initiatives.