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International Game Technology (IGT) Stock News, May-Jul 2021

IGT NYSE

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.

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International Game Technology PLC (IGT) announced a multi-year agreement to expand its sports betting operations in Colorado with Ute Mountain Casino Hotel. IGT will deliver its PlaySports platform and self-service kiosks to enhance the casino's betting offerings. This collaboration aims to improve player engagement and drive growth for both parties. IGT is already a leader in sports betting technology, operating in over 40 gaming outlets nationwide. The Ute Mountain Casino is set to launch its sportsbook by the end of August 2021.

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International Game Technology (IGT) is expanding its U.S. sports betting presence to Washington, partnering with Snoqualmie Casino. This collaboration will leverage IGT's PlaySports turnkey solution, allowing for both retail and on-premise mobile sports betting. The casino aims to enhance its gaming offerings, engaging sports fans more effectively and complementing existing amenities like the Seahawks Pit table game. This move marks a significant advancement in IGT's strategy to enhance localized sports betting experiences.

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International Game Technology PLC (IGT) is set to showcase its latest gaming innovations at the 2021 Indian Gaming Tradeshow & Convention on July 21-22 in Las Vegas. The company will present a range of products, including the PeakSlant49 cabinet featuring new games like Regal Riches and Stinkin' Rich Skunks Gone Wild. IGT will also celebrate the 25th anniversary of Wheel of Fortune Slots, which has created over 1,100 millionaires. Innovations in cashless gaming solutions like Resort Wallet with IGTPay will also be highlighted, enhancing player convenience and operator experience.

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International Game Technology (IGT) has signed a contract with the Western Canada Lottery Corporation (WCLC) to supply 700 CrystalDual® 27 video lottery terminals (VLTs). This agreement continues IGT's successful partnership with WCLC, marking their third significant VLT contract in five years. The new VLTs will introduce The Price is Right® game for the first time in Canada, enhancing player options with a diverse game bundle. The CrystalDual 27 features advanced technology, including high-definition graphics and player-friendly interfaces, aimed at improving the overall gaming experience.

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International Game Technology PLC (IGT) has announced a new partnership to power sports betting at Coushatta Casino Resort in Kinder, Louisiana. This agreement marks a significant step in expanding IGT's leadership in the U.S. sports betting market. IGT will provide its PlaySports turnkey solution and trading advisory services, enabling the casino to enhance its gaming offerings. IGT's technology aims to establish a best-in-class sports betting program, enriching the experiences of patrons at Louisiana's largest casino resort.

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International Game Technology PLC (IGT) announced its IGT ADVANTAGE casino management system (CMS) has been deployed at Regency Casino Thessaloniki, marking its first launch in Greece and second in Europe. The CMS aims to enhance personalization and service for Regency Club members and improve business analytics capabilities. The casino will utilize IGT's diverse bonuses and M5 content management module for tailored promotions. This deployment strengthens IGT's presence in the important Greek market as acknowledged by both IGT and Regency's executives.

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Bally's Corporation (NYSE: BALY) celebrates the Rhode Island Legislature's passage of the Marc A. Crisafulli Economic Development Act, which extends a partnership with International Game Technology (NYSE: IGT). This act establishes a 20-year joint venture where Bally's will lease 23% of gaming machines, increasing to 40% by 2023. The $250 million plan aims for job creation and expansion of the Twin River Casino, enhancing Rhode Island's gaming industry by preserving key revenue streams.

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International Game Technology (IGT) has expanded its historical horse racing (HHR) offerings with the launch of Wheel of Fortune-themed games at Churchill Downs Incorporated (CDI) facilities in Kentucky. This introduction marks IGT's first licensed theme in the HHR market. A total of 40 CrystalWheel cabinets featuring the Wheel of Fortune Cash Link Exotic Far East theme have been deployed at Derby City Gaming, Oak Grove Racing, Gaming & Hotel, and Newport Racing & Gaming. The games include multiple jackpot levels and free games to enhance player engagement.

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FAQ

What is the current stock price of International Game Technology (IGT)?

International Game Technology (IGT) last closed at $16.29.

What is the market cap of International Game Technology (IGT)?

The market cap of International Game Technology (IGT) is approximately $3.2B.