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.
International Game Technology (IGT) delivers cutting-edge gaming solutions across lottery systems, digital wagering platforms, and regulated sports betting markets worldwide. This page provides official updates and press releases essential for understanding the company's strategic direction.
Access real-time announcements on financial results, product innovations, and regulatory milestones. Investors and industry professionals will find curated information spanning earnings reports, technology partnerships, new market entries, and corporate responsibility initiatives.
All content is verified for accuracy and relevance to IGT's core operations in gaming machines, omnichannel systems, and government-regulated lottery services. Bookmark this page for efficient tracking of developments impacting global gaming markets and IGT's position as an industry leader.
International Game Technology PLC (IGT) reported strong financial results for Q1 2021, with total revenue increasing by 25% year-over-year to $1,015 million. The Global Lottery segment achieved record sales, contributing $749 million and a 48% increase. While Global Gaming revenues declined 14% to $266 million, there was a notable recovery with a sequential increase from Q4 2020. Operating income surged to $260 million from a loss of $218 million last year. Adjusted EBITDA reached $450 million, marking a 72% increase, driven by significant operational efficiencies.
On May 10, 2021, IGT completed the sale of its Italian B2C gaming machine, sports betting, and digital gaming businesses, represented by Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., to Gamenet Group S.p.A. for €950 million. The transaction includes an initial payment of €725 million, with additional payments scheduled for December 31, 2021, and September 30, 2022. IGT plans to utilize the funds to cover transaction expenses and reduce debt, enhancing its financial position.
International Game Technology announced that its PeakSlant49 cabinet is now available for purchase in the U.S., previously lease-only. This cabinet supports IGT's Proven Performer core games, enhancing casino operators' offerings.
Key features include a 49-inch Ultra-HD display, intelligent lighting, and player-friendly features. Initially launched in 2020 with premium titles like Fortune Coin Boost!, the cabinet aims to improve gaming experiences while driving revenue growth for operators.
International Game Technology PLC (IGT) announced the resignation of Walter Bugno, Executive Vice President of New Business and Strategic Initiatives, effective May 14, 2021. Bugno's contributions over his 10-year tenure were recognized by CEO Marco Sala, who highlighted his role in strengthening global leadership and fostering innovation. In light of his departure, IGT will redistribute Bugno's responsibilities among its Global Lottery and Global Gaming units, with strategic initiatives managed by the Strategy and Corporate Development support function.
International Game Technology (NYSE:IGT) announced a conference call for Tuesday, May 11, 2021, at 8:00 a.m. EDT to discuss its first quarter 2021 financial results. The results will cover the period ending March 31, 2021. Investors can join the call via a toll-free number or access a live webcast on IGT's Investor Relations website, with a replay available afterward. IGT is a leader in gaming solutions, offering a variety of gaming experiences across channels. For more details, visit www.IGT.com.
International Game Technology PLC (IGT) announced that Beatrice H. Bassey will not stand for re-election to the Board of Directors, effective after the AGM on May 11, 2021. Ms. Bassey's departure is attributed to other professional commitments and challenges from the COVID-19 pandemic. This withdrawal affects resolution number 5 regarding her reappointment, while the Board's size will reduce to ten directors following the AGM. The Board expressed gratitude for Ms. Bassey's contributions and wished her well in future endeavors.
International Game Technology (IGT) has secured a long-term contract with the Maryland Lottery and Gaming Commission to upgrade the video lottery central system, enhancing connectivity for over 11,500 video lottery terminals and electronic table games across Maryland's six casinos. This contract, valid until September 2028 with a four-year extension option, includes the deployment of IGT's advanced INTELLIGEN system, which improves system monitoring and operational management. IGT has been the sole provider of VLT systems in Maryland since 2010, showcasing its commitment to the state's gaming success.
International Game Technology PLC (IGT) announced the release of its Notice of the 2021 Annual General Meeting (AGM) and the 2020 Annual Report. The AGM will take place on May 11, 2021, in London, at 3:00 p.m. BST, as a closed meeting due to COVID-19 restrictions. Shareholders cannot attend in person but are encouraged to vote via proxy. Proxy votes are due by May 7, 2021, at 3:00 p.m. BST. The AGM will be limited to formal business and shareholder questions can be submitted in advance. Further updates will be provided on IGT's website.
International Game Technology (NYSE:IGT) has confirmed the completion of conditions for the full redemption of its 6.250% Senior Secured Notes due 2022, effective March 26, 2022. This follows the successful sale of $750,000,000 in 4.125% Senior Secured Notes due 2026. The redemption aims to improve financial structure and liquidity.
IGT (NYSE:IGT) filed its 2020 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 2, 2021, detailing audited financial statements for the year ended December 31, 2020. The report is accessible to shareholders via the company's Investor Relations website and the SEC's site. IGT has committed to providing free hard copies of the report upon request. As a leading gaming company, IGT offers diverse gaming experiences across multiple platforms and has established relationships with regulators worldwide.
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