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.
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.
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.
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.