International Game Technology Stock Price, News & Analysis

International Game Technology PLC (NYSE: IGT), operating as Brightstar Lottery, announced that Michelle Carney, Vice President of Global Lottery Marketing, will be inducted into the Lottery Industry Hall of Fame Class of 2025. The induction ceremony will take place in September 2025 in Ontario, Canada.

With a 25-year career in the lottery industry, Carney has been instrumental in developing marketing strategies for Brightstar's Global Lottery business and managing relationships with key industry associations. Her recent accomplishments include leading the successful implementation of a $5 Mega Millions game across 47 U.S. lotteries in April 2025.

International Game Technology PLC (NYSE: IGT) announced its global lottery organization will rebrand as Brightstar Lottery, ahead of the sale of its Gaming and Digital business to Apollo Global Management's Voyager Parent LLC. The sale is expected to complete by July 1, 2025, transforming Brightstar into a pure-play lottery business. The company serves nearly 90 lottery customers across six continents, including 26 of 46 U.S. lottery jurisdictions and seven of the world's ten largest lotteries. Post-transaction, Brightstar will trade on NYSE under ticker BRSL, while the buyer will retain the IGT brand. Led by CEO Vince Sadusky and Executive Chair Marco Sala, Brightstar aims to focus on innovation, digital adoption, and responsible growth in the lottery sector.

International Game Technology (IGT) has extended its sports betting technology partnership with Boyd Gaming Corporation through a new three-year agreement lasting until August 2028. The deal continues IGT PlaySports' role in powering Boyd Gaming's retail and mobile sports betting operations in Nevada. The partnership, which began in 2018, includes the deployment of IGT's PlaySports platform and kiosks across Boyd Gaming's 10 retail betting locations in Nevada. IGT PlaySports also powers Boyd Gaming's sportsbooks in eight other states including Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Ohio, and Pennsylvania. The technology provider recently earned recognition as "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards.

International Game Technology (IGT) has launched its new RISE55 cabinet across US casinos, featuring a 55-inch ultra-HD curved display with enhanced audio and player comfort features. The cabinet debuted with Magic Treasures Gold, a multi-level progressive game offering two base game themes (Emperor and Empress) with unique bonus events and five jackpot levels. The RISE55 rollout began in late May 2025, with additional deployments planned throughout summer. IGT has also released for-sale core titles on the platform, including Treasure Blast and Wolf Run Wild Moon. The launch represents a significant expansion of IGT's hardware portfolio, designed to enhance player engagement and casino operations.

IGT-led consortium LottoItalia has been selected as the proposed winner for the prestigious Italy Lotto License through November 2034. The consortium includes Allwyn, Arianna 2001, and Novomatic Italia. The deal involves a €2,230 million upfront license fee payable in three installments: €500 million and €300 million in 2025, with the remaining balance due in 2026. The nine-year license features a 6% concession rate on total wagers and an additional 8% gross fee for digital channel distribution. IGT will maintain operational control and plans to expand into Italian B2C iCasino, sports betting, and digital gaming while growing iLottery sales.

IGT (NYSE: IGT) has secured the "Best Casino Supply" award at the 2025 G2E Asia Awards, highlighting its success in the Asian gaming market. The award particularly recognizes the outstanding performance of IGT's Rising Rockets Link, a multi-level progressive game that has become the company's highest-performing product in the region.

The game, available on IGT's CrystalCurve™49 and PeakCurve™49 cabinets, combines proven mechanics with strong mathematical design. The G2E Asia Awards, now in their 16th year, are judged by industry experts and celebrate excellence in Asia's gaming and entertainment sector.

David Vaughan Investments (DVI) has appointed Christopher Spears, Executive Vice President and General Counsel of International Game Technology (NYSE: IGT), to its Board of Managers. Spears, who joined IGT in 2017, brings extensive experience in SEC compliance, mergers and acquisitions, governance, and business strategy. Prior to IGT, he held senior legal roles at Caterpillar Inc. DVI, an investment advisory firm with $5.5 billion in assets under advisement as of December 2024, operates from Peoria, Illinois, and Winter Park, Florida. The firm established a partnership with Hometown Community Bancorp in 2017 and provides asset management services to high-net-worth individuals and institutional investors.

IGT reported Q1 2025 financial results showing revenue of $583 million, down 12% from $661 million in Q1 2024. The company posted income from continuing operations of $8 million with a 1.4% margin, significantly lower than $116 million in the prior year. Adjusted EBITDA was $250 million with a 42.8% margin. The decline was primarily attributed to lower U.S. multi-state jackpot activity and product sales timing. Despite challenges, IGT maintained strong cash conversion with $2.2 billion in total liquidity. The company revised its 2025 outlook to the lower end of previous guidance, now expecting revenue of approximately $2.55 billion and Adjusted EBITDA of $1.10 billion. IGT declared a quarterly cash dividend of $0.20 per common share, payable on June 12, 2025.

IGT (NYSE: IGT) has expanded its PlaySports technology presence in Washington State by launching retail sports betting services at Silver Reef Casino Resort in Ferndale. This marks IGT PlaySports' 11th casino partnership in Washington State for its sports betting platform and 10th casino for trading advisory services. The partnership aims to enhance Silver Reef Casino's sports betting offering through IGT's proven technology and experienced trading advisory team. IGT PlaySports, recognized as the "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards, continues to strengthen its position as a leading B2B sports betting supplier in North America.