International Game Technology Stock Price, News & Analysis

International Game Technology PLC (IGT) has announced a seven-year contract extension with Supreme Ventures Limited (SVL) to continue supplying lottery technology and services in Jamaica. This extension, valid through 2033, builds on IGT's 19-year partnership with SVL, emphasizing both companies' commitment to providing innovative gaming solutions. IGT will deliver lottery products, maintain systems, and support SVL's operations, further enhancing its market leadership and business momentum in the region.

International Game Technology (IGT) has achieved a significant milestone in cashless gaming by receiving final regulatory approval in Nevada for its Resort Wallet™ carded cashless module. This module, part of the award-winning IGT ADVANTAGE® system, allows casino patrons to enjoy a safer, cashless gaming experience. Players can easily transfer funds into a digital wallet using a loyalty card, facilitating a seamless gaming experience across various platforms, including slots and table games. This enhances operational efficiency and reduces cash handling risks.

International Game Technology PLC (NYSE: IGT) announced a strategic agreement to exclusively license the intellectual property of its GALAXIS™ and SYSTEM2Go™ casino central management systems to Modulus S.a.r.l. The deal, effective Dec. 18, 2020, allows Modulus to commercialize and distribute IGT's CMS solutions and legacy hardware, excluding North America. This partnership aims to enhance customer service and reduce resource duplication for IGT, enabling focus on its innovative IGT ADVANTAGE CMS. The agreement is subject to regulatory approvals.

International Game Technology (IGT) announced the successful deployment of its IGT ADVANTAGE Casino Management System at the reopened Carousel Casino in South Africa. This installation marks the first use of the IGT ADVANTAGE Resort Wallet card cashless module in the country, enhancing operational efficiency and guest experience. The system connects 400 machines and includes features for machine accounting, patron management, and dynamic content creation. IGT's proven solutions aim to maximize revenue and player loyalty at Carousel Casino.

International Game Technology (NYSE: IGT) has announced a multi-year partnership with Maverick Gaming to provide its PlaySports platform for retail and mobile sports betting across three casinos in Colorado. The collaboration includes deploying self-service kiosks and a mobile app, Play Maverick Sports, enhancing the gaming experience in the region. IGT's technology aims to attract new players and optimize sports betting operations. This agreement positions IGT to leverage its experience in 15 U.S. states to support Maverick Gaming's growth in Colorado.

On Nov. 19, 2020, International Game Technology (NYSE: IGT) announced it has secured a tender from Norsk Tipping, Norway's state lottery operator, to supply its PlayCasino content and PlayRGS digital platform. This agreement, effective February 2021, allows for a three-year term with a one-year extension option. IGT will provide its proprietary games along with third-party content from NetEnt and ELKAB Studios. This marks a continuation of a long-standing partnership, as IGT has been a supplier since 2012, enhancing Norsk Tipping's digital gaming offerings.

International Game Technology PLC (NYSE: IGT) has secured a seven-year contract with the Nebraska Lottery, becoming the primary vendor for instants and draw-based games until June 30, 2028, with possible extensions. IGT will upgrade the Lottery's central system to its Aurora platform and provide terminal equipment at around 1,200 retail locations. The contract aims to enhance the Lottery's sales through innovative game solutions and strategic instant ticket game management. This partnership reflects the longstanding collaboration between IGT and the Nebraska Lottery.