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.
International Game Technology PLC (IGT) announced that Scott Gunn, Senior VP of Corporate Affairs, will be inducted into the Lottery Industry Hall of Fame on Oct. 14 during a virtual ceremony. Gunn has extensive experience in managing government relations and driving lottery innovations which have significantly increased revenues in states like California. His leadership has positively impacted the global lottery sector, earning recognition for promoting excellence and integrity over a 25-year career.
International Game Technology (IGT) has expanded its PlaySports offering in the U.S. sports betting market by establishing an in-house Trading Team in Las Vegas. This team enhances the B2B sports betting solution, providing expert oddsmaking and localized pricing for pre-game and in-play bets. IGT PlaySports, already the most widely deployed solution in 14 states, aims to deliver a comprehensive service to both small and large operators, backed by IGT's trusted technology and market leadership.
International Game Technology PLC (IGT) has entered a long-term sports betting technology agreement with Boyd Gaming Corporation. This agreement will utilize IGT's PlaySports platform to enhance Boyd's retail sportsbooks and mobile sports app in Nevada. The phased rollout includes self-service PlaySports kiosks at Boyd's gaming venues. IGT aims to create a competitive omnichannel sports betting product, helping Boyd Gaming attract new players and increase revenue. IGT and Boyd have collaborated since 2018, extending their partnership across several states.
International Game Technology PLC (IGT) has announced a two-year contract extension with the New York Lottery, extending their collaboration until August 6, 2022. This extension includes the provision of 400 new GameTouch™ self-service vending machines and ongoing services such as terminal installation and maintenance. IGT aims to support the Lottery in maximizing its contributions to education, which exceed $68 billion. This partnership reinforces IGT's position in the global gaming industry as a leading technology provider for lotteries.
International Game Technology PLC (IGT) reported its Q2 2020 financial results, revealing a 48% drop in revenue to $637 million, largely due to COVID-19 restrictions. The company faced an operating loss of $94 million compared to a profit of $224 million in the previous year. Net loss reached $280 million, translating to a net loss per diluted share of $1.37. Despite these challenges, IGT's strategic cost-saving measures are expected to yield over $200 million in savings. The company maintains cash and liquidity of $2.3 billion, prioritizing cash generation amidst current market conditions.
International Game Technology (NYSE: IGT) has entered a multi-year agreement with FanDuel Group to enhance its presence in the U.S. sports betting market. IGT's PlaySports platform will support FanDuel Sportsbooks nationwide through September 2024, while PlayDigital's casino games will be available in states where FanDuel operates online casinos. This partnership builds on existing collaborations, expanding FanDuel's offerings and leveraging IGT's technology for an enhanced customer experience. The agreement aims to propel both companies' growth in the expanding U.S. gaming landscape.
International Game Technology (NYSE: IGT) is set to hold a conference call on August 4, 2020, to discuss its second quarter 2020 results. The call will start at 8:00 a.m. EDT and will be accessible via phone or a live webcast on the company's website. Participants can dial in using the toll-free number +1 844 842 7999 or for those outside the US, +1 612 979 9887 with conference ID 4889985. A replay will be available post-event. IGT continues to deliver innovative gaming solutions globally, emphasizing responsible gaming and strong regulatory relationships.
International Game Technology (IGT) has launched its new PeakSlant49 casino gaming cabinet across U.S. casinos, featuring a 49-inch ultra-HD touchscreen and advanced player-friendly technology. The cabinet is designed to enhance the player experience and comes loaded with popular game titles, including the Fortune Coin Boost! and Bubble Blast. The cabinet's innovative features include a Dynamic Player Panel, wireless charging, and striking intelligent lighting, aimed at attracting players and boosting casino revenues.
International Game Technology (IGT) announced its partnership with Emerald Queen I-5 Casino in Tacoma, Washington, to utilize the IGT ADVANTAGE casino management system. This system will enhance the casino's loyalty program and operational efficiency. IGT's CrystalCurve and CrystalDual 27 cabinets dominate the casino's gaming floor, offering a diverse range of game titles. The implementation of mobile systems allows staff to monitor events efficiently while adhering to health guidelines. This collaboration marks a significant advancement for both IGT and Emerald Queen Casino in delivering an enriched gaming experience.
IGT (NYSE: IGT) announced that its video gaming terminals, CrystalDual 27 and CrystalSlant, received approval from the Pennsylvania Gaming Control Board. This allows IGT to place these terminals in qualified truck stop locations across Pennsylvania. The approval is expected to enhance IGT's gaming operations in the state, where it has a strong market presence. The CrystalDual 27 offers dual 27-inch displays, while the CrystalSlant features an ergonomic design, both supporting popular games like Stinkin' Rich and Red Hot Tamales. IGT aims to leverage this opportunity to increase visitation to gaming venues.