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.
The IGT news page on Stock Titan aggregates company communications and media coverage related to the gaming, digital and financial technology enterprise that uses the IGT brand. Recent news releases describe IGT as a global provider of gaming machines, game content and systems, iGaming, sports betting technology, cash access, loyalty and player engagement solutions, organized into Gaming, Digital and FinTech business units and headquartered in Las Vegas.
Readers can use this page to follow announcements about new gaming cabinets and electronic table games, digital content launches, FinTech integrations and leadership updates. For example, company news has highlighted the global debut of cabinets such as RISE55 and RISE32, the launch of the Wheel of Fortune Big Money Spin electronic table game, and the expansion of IGT PlayDigital’s omnichannel content portfolio and engagement platform. The page also captures FinTech developments from Everi, an IGT brand, including mobile wallet launches and the expansion of the Digital Neighborhood of self-service payment and loyalty tools.
In addition, the news feed reflects IGT’s role in sports betting technology through IGT PlaySports, such as contract extensions to power statewide retail and mobile sports betting for government-sponsored lotteries. Leadership and organizational updates, including changes in executive roles and recognition of IGT leaders by industry groups, also appear in these releases.
By reviewing the IGT news stream, investors and industry observers can see how the enterprise presents its Gaming, Digital and FinTech strategies, its participation in major trade shows like the Global Gaming Expo and ICE Barcelona, and its ongoing product and technology roadmap across land-based and digital gaming environments.
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.
International Game Technology PLC (IGT) reported third-quarter 2020 results showing consolidated revenue of $982 million, down 15% year-over-year, yet strong performance in the lottery segment drove a 3% revenue increase to $570 million. Adjusted net income rose 25% to $54 million despite a net loss of $128 million, primarily due to non-cash foreign exchange losses. IGT generated $220 million in positive free cash flow and improved liquidity to $2.55 billion. The company aims for over $200 million in structural savings over the next two years while managing ongoing pandemic impacts.
International Game Technology (IGT) announced the installation of its IGT ADVANTAGE™ casino management system at Bao Son International Hotel Versaces Club in Hanoi, Vietnam. The upgrade will operate the club's loyalty program, optimize the casino floor, and implement the Lucky Coin bonusing module to enhance player engagement. IGT's systems aim to improve operational efficiency and drive long-term success by increasing player loyalty and entertainment.
International Game Technology PLC (NYSE: IGT) will host a conference call and live webcast on November 12, 2020, at 8:00 a.m. EST, to discuss third quarter 2020 results. Investors can access the live webcast on IGT's Investor Relations website, with a replay available after the event. Participants can join via toll-free numbers for the US/Canada or an international line, using conference ID 9189642. IGT is a leading gaming company providing responsible gaming experiences across various channels and has around 12,000 employees globally.
International Game Technology (IGT) announced the nationwide launch of its new PeakSlant49 Wheel cabinet, enhancing its Wheel of Fortune slot games. This cabinet debuted at ARIA Resort & Casino in Las Vegas and Foxwoods Resort Casino in Connecticut. Standing nearly nine feet tall, it features advanced technology including a 49-inch ultra-HD touchscreen, intelligent lighting, and USB charging ports. The cabinet launched with the Wheel of Fortune Mystery Link game, showcasing player-selectable themes and innovative game mechanics that aim to drive casino visitation and elevate the gaming experience.
IGT (NYSE:IGT) has secured a seven-year contract with Poland's national lottery operator, Totalizator Sportowy, to enhance its lottery system. This agreement includes upgrades to a new central system, more than 19,000 lottery terminals, and 500 GameTouch™ 28 vending machines, aimed at improving sales and player engagement. With an option for a three-year extension, the partnership reflects a commitment to innovation and performance in the lottery sector, leveraging IGT's advanced technologies.
International Game Technology PLC (NYSE: IGT) announced a seven-year contract extension with the Western Canada Lottery Corporation (WCLC) to enhance its video lottery system in Saskatchewan. IGT will implement its latest INTELLIGEN™ systems software to manage 4,200 video lottery terminals (VLTs). The upgrade is expected to enhance network performance and security, with final acceptance anticipated by September 1, 2021. This partnership, established nearly 40 years ago, aims to improve player experience and drive revenue growth.
On October 29, 2020, International Game Technology (IGT) responded to an investigation by the Italian Judicial Authority regarding alleged misconduct by four current and two former employees of its subsidiary, Lottomatica. The misconduct involves attempts to gain unauthorized access to Lottomatica's systems to identify winning scratch-off tickets. IGT is cooperating fully with authorities and has suspended the involved employees as a preventive measure, while also reviewing its internal processes to prevent fraud and ensure integrity.
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