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) announced a multi-year licensing agreement with Authentic Brands Group (ABG) to develop exclusive Elvis Presley-themed lottery games in the U.S. and Canada. The partnership will cover instant tickets, draw-based games, and mobile interactive experiences. IGT aims to enhance the lottery community by offering innovative games and second-chance promotions. Elvis Presley remains a significant cultural figure, with over 15 million social media followers, underscoring the potential popularity of these new games.
International Game Technology PLC (IGT) has successfully priced $750 million of 4.125% Senior Secured Notes due 2026. The proceeds will be used to redeem its existing 6.250% Notes due 2022. The redemption, scheduled for March 26, 2022, is contingent on receiving the proceeds from the sale of the new Notes. Listing applications for the Notes on Euronext Dublin have been made, with settlement expected by March 25, 2021. This issuance represents a strategic move to manage IGT's debt and optimize financial performance.
On March 16, 2021, IGT announced a benchmark offering of senior secured notes due 2026, aimed at institutional buyers. The funds will be used to redeem existing 2022 Notes at a make-whole premium and cover debt issuance costs. The offering is subject to normal market conditions and will be listed on Euronext Dublin. The notes are not registered under the Securities Act and won't be available to the general public in the U.S., targeting only qualified investors. The announcement underscores IGT's focus on financial restructuring and capital management.
International Game Technology PLC (IGT) reported its financial results for Q4 and full year 2020. Total revenue for Q4 was $885 million, down 15% year-over-year, while full-year revenue decreased 23% to $3.12 billion. Global Lottery revenue rose 11% in Q4, but Global Gaming faced a 46% decline. IGT generated $866 million in cash from operating activities, with significant liquidity improvements to over $2.7 billion. Notably, a temporary cost savings of $500 million was achieved in 2020. The company plans to enhance shareholder value with ongoing restructuring efforts.
International Game Technology (IGT) and Scientific Games have entered a cross-licensing agreement for cashless slot gaming technologies. This partnership allows both companies to utilize each other's patented cashless gaming technology, enhancing casino operators' ability to adopt cashless systems. While financial terms are undisclosed, the collaboration aims to improve player experience, safety, and operational efficiency in casinos. IGT's CEO highlighted the significance of this agreement as a revolutionary advancement in cashless payments in the gaming industry.
International Game Technology and Scientific Games have signed a cross-licensing agreement for patents regarding cashless slot gaming technologies. This collaboration allows both companies to offer their patented solutions to the U.S. gaming industry. While financial terms remain undisclosed, the partnership aims to enhance the adoption of cashless technology, improving player safety and casino operating efficiencies. IGT's CEO, Renato Ascoli, emphasizes the importance of this technology for modern gaming experiences.
International Game Technology PLC (IGT) has launched the Wheel of Fortune® Megaways™ slots game on its IGT PlayDigital platform, achieving record performance in New Jersey and expanding into European markets. The game combines the classic Wheel of Fortune theme with Big Time Gaming's Megaways mechanic, offering players multiple winning ways. BetMGM reported that the game quickly became a top performer, enhancing player engagement and retention. As IGT aims for global expansion in 2021, the new offering strengthens its online portfolio during a period of crucial digital gaming growth.
International Game Technology PLC (IGT) announced the replacement of a competitor's system with its IGT ADVANTAGE Casino Management System at Circus Circus hotel and casino in Las Vegas. This deployment, scheduled for Q2 2021, will connect all 1,100 gaming machines and integrate various operational systems including food and beverage and hotel management. The IGT ADVANTAGE CMS aims to enhance operational efficiency, improve patron experience, and support future growth in technological advancements.
International Game Technology (IGT) will conduct a conference call and live webcast on March 2, 2021, to present its fourth-quarter and full-year 2020 results. The call is scheduled for 8:00 a.m. EST. Interested parties can join via a toll-free number or a live webcast on IGT's website. A telephone replay will also be available for one week following the call. IGT is a leader in the global gaming industry, providing innovative gaming experiences worldwide.
On February 16, 2021, International Game Technology PLC (IGT) announced the extension of its agreement with Mexico's national lottery, LOTENAL, until March 2, 2022. This contract continues IGT's provision of an integrated draw-based and instant ticket system, lottery terminals, and ongoing services across 8,200 terminals nationwide. IGT's Chief Operating Officer, Jay Gendron, emphasized the company's long-standing relationship with LOTENAL, which has lasted over 30 years, and its commitment to supporting social programs in Mexico.
FAQ
What is the current stock price of International Game Technology (IGT)?
What is the market cap of International Game Technology (IGT)?
