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.
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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International Game Technology PLC (IGT) has launched the PeakSlant32™ cabinet, the first slot cabinet in North America featuring three 32-inch displays. The debut took place at Mohegan Sun in Connecticut, where over 20 cabinets were introduced. This innovative cabinet integrates Bluetooth technology, advanced audio-visual features, and a Dynamic Player Panel for enhanced gaming experiences. Initially, it showcases popular titles like Wu Dragon™ and Treasure Box™. The PeakSlant32 is part of IGT's commitment to providing exceptional gaming solutions and is the third addition to its Peak series in 2020.
International Game Technology PLC (IGT) has solidified its position in the sports betting market by announcing a multi-year partnership with the National Basketball Association (NBA). This collaboration allows IGT's U.S. sports betting clients to utilize NBA intellectual property, including official data and logos. IGT's PlaySports solution will now integrate real-time NBA data, enhancing betting options for operators and fans. The NBA partnership marks a significant step towards providing a comprehensive betting experience across U.S. platforms, bolstering IGT's 'all-in-one' sports betting proposition.
On October 13, 2020, International Game Technology PLC (IGT) announced its participation in the Global Gaming Expo (G2E) Virtual Experience 2020 on October 27-28. IGT will showcase its gaming solutions, emphasizing innovations in cashless gaming, sports betting, and digital gaming. The company is also the exclusive sponsor of the G2E Kick-Off Session on October 14. IGT's presentations will include various virtual product demonstrations highlighting advanced gaming technologies and new game content.
International Game Technology (IGT) has launched its cashless solution, Resort Wallet, at Resorts World Catskills Casino in Monticello, N.Y. This innovation allows patrons to enjoy a contactless gaming experience by loading cash onto a secure digital wallet via their Players Club card. The Resort Wallet aims to enhance safety and convenience for players while minimizing cash handling and reducing wait times. With this debut, Resorts World Catskills becomes the first commercial casino in New York to adopt cashless gaming, supported by IGT's ADVANTAGE casino management system.
International Game Technology (IGT) announced its successful responsible gaming re-accreditation by the Global Gambling Guidance Group (G4) for both its Gaming and PlayDigital operations. This marks IGT as the first gaming supplier to receive re-certification across both segments. G4's evaluation confirmed IGT meets and exceeds industry standards in player protection tools and responsible gaming practices. IGT has been certified since 2017 and continues to reinforce its commitment to responsible gaming in an evolving regulatory landscape.
International Game Technology PLC (NYSE: IGT) has announced a two-year contract extension with the Minnesota Lottery, allowing IGT to provide instant ticket games and related services through June 30, 2022. IGT has partnered with the Minnesota Lottery since 2010, successfully launching popular instant games such as 'Full of $500s' and 'Power $10'. The contract includes comprehensive instant ticket services, such as research, graphics support, and ticket production. This collaboration aims to enhance player engagement and support state services funded by lottery revenues.