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.
IGT Global Solutions , a subsidiary of International Game Technology PLC (NYSE: IGT), has signed a 10-year contract extension with the North Carolina Education Lottery (NCEL). The extension will run from July 1, 2027, through June 2037. IGT will deploy its Aurora™ central system, a component of its integrated lottery solution, OMNIA™. The agreement includes:
- Upgraded Wizard back-office business applications
- Up to 8,500 new Retailer Pro S2 terminals
- 500 GameTouch™ 28 self-service vending machines
- 2,000 lottery play centers
- 4,000 Jackpot signs
- A dual cellular communication network
- Expanded testing capabilities
The NCEL, among the top 10 most successful lotteries in the U.S., has been an IGT customer since 2006 and now raises over $1 billion annually for public education in North Carolina.
IGT has announced its lineup for the Global Gaming Expo (G2E) 2024 in Las Vegas, showcasing new games, cabinets, and systems innovations. Highlights include:
1. Expansion of the Tiger and Dragon multi-level progressive with new wide-area progressive themes
2. Debut of Whitney Houston I Wanna Dance with Somebody Slots on the Peak65 cabinet
3. Launch of the next-generation casino management system, IGT ADVANTAGE X
4. New high-limit slot content for both mechanical reel and core video segments
5. Extension of the Wheel of Fortune brand to video poker, electronic table games, and video lottery terminal segments, with 11 new slot titles
The expo will serve as a global debut for new products across all segments, highlighting IGT's position as a comprehensive gaming supplier.
IGT has renewed its multi-year retail sports betting agreement with FanDuel, extending their partnership for four additional years starting September 1, 2024. Under this agreement, IGT PlaySports will continue as the exclusive retail sports betting platform provider for FanDuel's retail sportsbooks across North America.
The collaboration between IGT PlaySports and FanDuel began in 2019 when FanDuel opened its first U.S. sportsbook. Currently, IGT PlaySports technology powers 27 FanDuel Sportsbooks across 20 gaming jurisdictions. FanDuel Sportsbooks utilize various IGT PlaySports technologies, including the IGT PlaySports Kiosk and IGT PlaySports Pad.
This renewal underscores the success of their partnership in delivering a top-tier customer experience in retail sports betting operations.
IGT has announced the expansion of its Wheel of Fortune brand to new product categories, including video poker, electronic table games (ETG), and video lottery terminals (VLT). These products, along with 11 new Wheel of Fortune Slots games and three new cabinets, will debut at the Global Gaming Expo (G2E) from October 7-10 in Las Vegas.
Highlights include:
- Wheel of Fortune Video Poker on CrystalCurve™ and PeakSlant™49 cabinets
- Wheel of Fortune ETG with a 120-inch diameter wheel
- Wheel of Fortune VLT on the new Sierra 27 terminal
- New slots games like Wheel of Fortune Cash Link™ Big Money™ and Wheel of Fortune Cash Link Reels Double Diamond®
Since its 1996 launch, Wheel of Fortune Slots has paid out nearly $3.6 billion in jackpots and created over 1,200 millionaires. IGT recently extended its licensing agreement with Sony Pictures Television through 2034.
IGT announced that Shondra DeLoach-Perea, Vice President Field Services, Call Centers and Technology Operations, has been named a recipient of Global Gaming Women's (GGW) 2024 'Patty Becker Pay it Forward Award'. This award honors women in the gaming industry who have contributed to GGW's initiatives and supported women in their organization and community.
DeLoach-Perea has a 25-year career in gaming and lottery sectors, joining IGT in 2008. She currently oversees a global team spanning multiple regions. She is actively involved in IGT's employee engagement programs, including the Global Diversity, Equity & Inclusion Council and the Women's Inclusion Network. Outside IGT, she participates in GGW's Lean In Circles and co-chairs their DEI Committee.
The award ceremony will take place at GGW's 14th Annual Kick Up Your Heels event in Las Vegas on October 9, 2024.
International Game Technology PLC (NYSE:IGT) has successfully priced €500,000,000 4.250% Senior Secured Notes due 2030, to be issued by its wholly-owned subsidiary IGT Lottery Holdings B.V. The notes will be guaranteed by IGT and certain subsidiaries. IGT plans to use the proceeds to redeem $499,999,000 of its 6.500% Senior Secured Notes due February 15, 2025 at par on September 24, 2024, pay debt issuance costs, and for general corporate purposes. The redemption is conditional on receiving at least €500,000,000 in gross proceeds from the new notes sale. Settlement is expected on September 18, 2024, subject to customary conditions. The notes are being offered only to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S., in compliance with applicable securities laws.
International Game Technology PLC (NYSE:IGT) has announced a benchmark offering of senior secured notes due 2030, denominated in euros. The notes will be issued by IGT Lottery Holdings B.V., a wholly-owned subsidiary of IGT. The company intends to use the proceeds to redeem $499,999,000 of IGT's 6.500% Senior Secured Notes due 2025 at par, pay debt issuance costs, and for general corporate purposes.
IGT has also released historical financial statements recast to show the impact of classifying IGT Gaming & Digital businesses operations as discontinued and assets and liabilities as held for sale. The notes are being offered only to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S., in compliance with applicable securities laws.
IGT has launched Money Mania slots, its second omnichannel Wide Area Progressive (WAP) game in Canada, following the success of Powerbucks™. The game is available on BCLC's PlayNow.com and at 22 BCLC-governed casinos in British Columbia. IGT is the only supplier offering omnichannel jackpot games with shared jackpot liquidity across land-based, online, and mobile platforms.
Money Mania features a $100,000 top-level 'Money Jackpot' and a fast-growing second-level 'Mania Jackpot' with a $4,000 reset value. The game is designed to deliver frequent mid-to-large-size jackpots and drive cross-channel gameplay. Since the 2016 launch of Powerbucks, IGT's first omnichannel jackpot game, it has created over 50 millionaires across Canada.
IGT has secured a three-year primary instant ticket printing contract with Santa Casa da Misericórdia de Lisboa (SCML), Portugal's national lottery. The agreement, awarded through competitive procurement, grants SCML access to IGT's instant ticket content and innovations portfolio, including top-performing games. IGT will also provide marketing services, game development, and analytics.
As IGT's subsidiary, IGT Global Solutions , has been SCML's primary lottery technology partner since 2000, this contract further strengthens their long-standing relationship. IGT currently delivers retail central system hardware, software, terminal maintenance, and field services to SCML.
IGT's global market leadership is evident, as it serves as the primary technology provider to 26 of 46 U.S. lotteries, 8 of the world's 10 largest lotteries, and 16 of the world's top 25 lotteries.
International Game Technology PLC (NYSE: IGT) has appointed Nick Khin as President, Global Gaming. Khin, who previously served as IGT's Chief Operating Officer and Senior Vice President, Gaming since 2015, will now be responsible for managing the company's Global Gaming business unit. This includes overseeing studios, technology, sales, games and hardware, manufacturing and services, and systems.
Khin will report directly to IGT CEO Vince Sadusky and will be based in Las Vegas. Sadusky praised Khin's leadership, stating that under his guidance, IGT has consistently released top games and strengthened its performance across all game categories. Khin joined IGT in 2013, initially leading the corporate strategy and mergers and acquisitions functions. He brings over 23 years of industry experience to the role, including senior executive positions in Las Vegas, London, and Sydney.
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