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 PLC (IGT) is set to unveil the first omnichannel Wheel of Fortune linked progressive in the U.S. at the SBC Summit North America 2021, from Nov. 30 to Dec. 2 in Secaucus, N.J. This innovative technology links digital and land-based gaming, allowing players in New Jersey to access shared jackpots across all gaming channels. Building on the success of its Powerbucks link in Canada, IGT aims to enhance player experience and engagement. Additional new products showcased will include Fortune Coin Boost! and the CrystalFlex gaming cabinets.
International Game Technology PLC (IGT) has expanded its sports betting operations in Arizona through a multi-year agreement with Cliff Castle Casino in Camp Verde. Utilizing IGT PlaySports technology, the casino will offer retail sports betting, enabling guests to place pre-match and in-game wagers. This collaboration aims to attract new customers and enhance the gaming experience. IGT currently powers sports betting at nearly 60 venues across 19 U.S. states, indicating robust growth in this sector.
International Game Technology (IGT) hosted a virtual Investor Day on November 16, 2021, focusing on progress made for profitable growth across all segments. CEO Marco Sala highlighted the potential for organic growth and robust cash flow over the next four years. Key announcements included a revenue outlook of $4.1 to $4.3 billion for 2022, with significant cash flow expectations. IGT plans a $300 million share repurchase program and aims for a separate public listing of its Digital & Betting segment. Financial goals for 2022-2025 include a revenue target of $4.6 to $5 billion, mid-teens operating income growth, and disciplined capital allocation.
International Game Technology PLC (IGT) reported strong financial results for Q3 2021, with revenues of $984 million, up 21% year-over-year. Global Lottery revenue increased by 14% to $652 million, and Digital & Betting revenue surged 37% to $43 million. Operating income more than doubled to $212 million, reflecting effective cost management and strategic investments. The company announced a quarterly cash dividend of $0.20 per share and achieved a net debt reduction of 16%, now at $6.1 billion, which reflects improved cash flow and financial health.
International Game Technology PLC (NYSE:IGT) has appointed Gil Rotem as President of iGaming, effective immediately. Reporting to Enrico Drago, CEO Digital & Betting, Rotem will oversee the global development of IGT PlayCasino. With nearly two decades of experience from companies like 888.com and bet365, he aims to drive further growth in the iGaming sector, which has seen significant expansion. Drago expressed confidence in Rotem's leadership to maintain IGT's position in the iGaming industry as the segment continues to experience double-digit growth.
International Game Technology (IGT) has announced a multi-year iGaming content distribution agreement with Yggdrasil Gaming, securing exclusive access to select games for distribution in the U.S. and Canada. This partnership aims to enhance IGT's PlayCasino offering as the online gaming market expands in North America. The first Yggdrasil title is expected to debut in December 2021. Both companies emphasize the importance of this alliance for long-term growth and value creation for shareholders.
International Game Technology (IGT) has entered a multi-year licensing agreement with Authentic Brands Group (ABG) to develop and distribute Marilyn Monroe-themed lottery games. This agreement allows IGT to create a variety of games, including instant tickets and draw-based games, enhancing the lottery experience for participants in the U.S. and Canada. Jay Gendron, IGT's COO, emphasizes the potential of the Marilyn Monroe brand to generate engaging gaming experiences. The partnership aims to attract both Marilyn Monroe fans and lottery players through innovative gameplay.
International Game Technology announced a multi-year agreement with The Stadium LLC to expand sports betting opportunities in Puerto Rico. IGT's PlaySports technology will power all future online and retail sportsbooks operated by WinIn, The Stadium's subsidiary. The partnership aims to deliver a seamless omnichannel betting experience as Puerto Rico's market develops. IGT's President of Sports Betting highlighted the potential for growth in North America, emphasizing their capability to establish competitive sportsbooks in new jurisdictions.
International Game Technology (IGT) announced the expansion of its PlayCasino platform to the Netherlands through a multi-year agreement with Holland Casino. The deal allows Holland Casino to offer popular IGT games like Icy Wilds™, Scarab®, and Fortune Coin!™ on its iGaming platform. This move taps into the growing demand for digital gaming experiences in newly regulated markets. IGT CEO Enrico Drago emphasized the strategic importance of this partnership for maximizing growth opportunities.
International Game Technology (IGT) announced the release of its global Responsible Gaming Policy, aimed at ensuring fair play and compliance with responsible gaming regulations across jurisdictions. The policy reflects IGT's commitment to transparency and leadership in responsible gaming. IGT's initiatives include three primary goals and eight commitments, with certifications from the World Lottery Association and Global Gambling Guidance Group. The company emphasizes a balance between growth and social responsibility amidst the digital revolution.