International Game Technology

International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and Digital & Betting segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support. The Global Gaming segment includes iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology. The Digital & Betting segment has full responsibility for the worldwide iGaming and sports betting activities. The company was founded on July 11, 2014 and is headquartered in London, the United Kingdom.

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IGT reports robust Q4 earnings, eyes growth and investment-grade rating

IGT's Q4 2022 performance showcased financial strength, operational excellence, and market leadership across lotteries, gaming, and digital segments.
While facing challenges like supply chain issues and cost inflation, the company aims for continued growth, improved margins, and investment-grade rating aspirations.
Opportunities lie in revenue expansion, cash flow generation, and strategic capital allocation, positioning IGT for sustained success and shareholder value creation.

IGT reports robust Q1 earnings, eyes M&A and global expansion

IGT's Q1 performance reflects strong revenue growth and margin improvement across key segments, underpinning a positive outlook for the full year.
While facing challenges such as rising labor costs and inflation, IGT remains focused on leveraging opportunities in M&A, product innovation, and market expansion.
The company's innovative product offerings, successful games, and strategic initiatives position it well for sustained growth and value creation in the evolving gaming industry landscape.
With a robust balance sheet, liquidity, and a proactive approach to addressing challenges, IGT demonstrates resilience and adaptability in navigating market dynamics and driving long-term success.

IGT reports strong Q2 earnings, evaluates strategic alternatives for growth

IGT's Q2 2023 earnings call highlighted solid financial performance, with revenue growth and margin improvement. The company is progressing towards its 2025 financial targets and remains focused on strategic initiatives to unlock business value. Despite challenges in the Global Lottery segment, IGT is optimistic about growth opportunities and is actively evaluating strategic alternatives.

IGT posts strong Q3 results, eyes growth amid strategic reviews

IGT's Q3 earnings call highlighted robust financial performance, strategic evaluations in progress, and a focus on growth, innovation, and meeting 2025 targets. Despite challenges in PlayDigital revenue and ongoing strategic reviews, the company remains well-positioned to capitalize on opportunities in the Lottery and Gaming sectors.

IGT reports record-breaking earnings, plans strategic spin-off and merger

IGT delivered strong financial performance in Q4 2023, achieving record-breaking results and demonstrating growth across key segments.
The company's strategic initiatives, including the planned spin-off and merger with Everi, highlight a focus on unlocking portfolio value and optimizing business operations.
While facing challenges in specific markets and potential industry slowdowns, IGT remains optimistic about revenue growth and profitability through international expansion and innovation.
With a solid financial foundation, a focus on talent and technology, and a commitment to long-term growth, IGT is well-positioned to navigate market challenges and capitalize on emerging opportunities.

IGT surpasses Q1 revenue expectations, eyes growth amid challenges

IGT's Q1 2024 showcased robust financial performance, driven by strong revenue growth and margin expansion across key segments.
Despite challenges like weather impacts and ongoing Italy Lotto license tender, the company remains optimistic about future growth prospects.
With upgraded revenue outlook, successful game development, and stable digital business, IGT is poised for continued success in 2024.

IGT sells gaming business, focuses on lottery growth and innovation

IGT's Q2 performance was marked by the sale of gaming and digital business, strong lottery segment growth, and positive outlook for future growth. Despite challenges in sale completion and Italy Lotto renewal, the company remains focused on leveraging opportunities for expansion and maintaining financial stability.

IGT reports solid Q3 performance amidst global sales decline

IGT's Q3 2024 performance reflects solid revenue and EBITDA figures, driven by continuing operations and successful game launches.
While facing challenges in global same-store sales decline, the company demonstrated strengths in lottery industry leadership and iLottery sales growth.
Opportunities lie in optimizing operations post-sale, expanding digital gaming offerings, and leveraging increased production capacity for future growth.
IGT's strategic focus on cost optimization and growth initiatives positions the company well to navigate market challenges and drive long-term success.

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International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and PlayDigital segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support. The Global Gaming segment includes iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology. The PlayDigital segment has full responsibility for the worldwide iGaming and sports betting activities. The company was founded in 1990 and is headquartered in London, the United Kingdom.

Reimagined mechanical reel cabinet debuts with research-driven design and a compelling content library featuring elevated performance-proven games LONDON , July 13, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has launched the highly anticipated DiamondRS™ mechanical reel cabinet. The cabinet marks a pivotal point for IGT in the mechanical reel segment and leverages extensive market research merged with leading-edge technology to provide a next-generation gaming experience on a traditional cabinet style.

IGT Revolutionizes Mechanical Reel Slot Category with DiamondRS Cabinet

LONDON , July 7, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today the release of its 2021 Sustainability Report, which outlines the Company's demonstrated environmental, social and governance (ESG) performance. IGT's 15th annual Sustainability Report validates the Company's commitment to operating as an industry-leading sustainable business and illustrates its latest achievements in generating value for its stakeholders.

IGT Celebrates 15 Years of Environmental, Social and Governance Excellence with Publication of 2021 Sustainability Report

LONDON , July 5, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that it has completed its previously announced acquisition of iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately €160 million in cash. The acquisition more than doubles the IGT PlayDigital content library to approximately 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and leading data-driven promotional and user-engagement tools.

International Game Technology PLC Announces Completion of Acquisition of iSoftBet

IGT (IGT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

IGT (IGT) Surges 11.7%: Is This an Indication of Further Gains?

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Improved rating positions Company in the top five percent of global companies assessed by EcoVadis LONDON , June 22, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has been awarded a gold medal sustainability rating from leading sustainability rating agency EcoVadis. This gold medal rating positions IGT among the top five percent of global companies assessed by Ecovadis for its comprehensive sustainable business practices.

IGT Awarded Gold Medal from Leading Sustainability Rating Agency EcoVadis

Wheel of Fortune Casino to debut in New Jersey this year JERSEY CITY, N.J. , June 21, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an agreement with Sony Pictures Television and International Game Technology PLC ("IGT") (NYSE: IGT) to launch Wheel of Fortune Casino, set to become the first full brand-led online casino in North America.

BetMGM Announces Agreement with Sony Pictures Television, IGT to Launch Online Wheel of Fortune Casino

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Tennessee marks fourth state where IGT and SuperBook Sports have teamed up to deliver world-class sports betting LONDON , June 8, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it extended its successful partnership with SuperBook® Sports to Tennessee, where the IGT PlaySports platform is powering the SuperBook Sports mobile betting app. Tennessee marks the fourth state where IGT and SuperBook Sports have teamed up to deliver a performance-driving sports betting solution.

IGT and SuperBook Sports Take Multi-State Sports Betting Technology Partnership to Tennessee

Company will install 960 high-performing Cobalt machines with player-favorite content LONDON , June 7, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it will deliver 960 Cobalt™ 27 video lottery terminals (VLTs) to Manitoba Liquor and Lotteries Corporation ("MBLL"). This marks the first installment of IGT's high-performing Cobalt VLT in Canada.

IGT Debuts Cobalt 27 VLTs in Canada via Manitoba Liquor and Lotteries Corporation Agreement

Company signs long-term contract extension to launch its latest version of INTELLIGEN LONDON , June 1, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, has signed a 10-year contract extension with the Kansas Lottery to deliver an enhanced version of IGT's INTELLIGEN™ electronic gaming central system. The contract extension is expected to run through Dec. 14, 2032.

IGT Inks 10-Year Agreement with Kansas Lottery to Enhance Electronic Gaming System

Delaware casino upgrades IGT ADVANTAGE™ deployment and introduces range of IGT content, convenience and bonusing systems LONDON , May 25, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently signed a multi-product systems technology agreement with Harrington Raceway and Casino. The comprehensive, multi-year systems deal will enable Harrington Raceway and Casino to further optimize its gaming floor, reward players and elevate excitement through a variety of IGT solutions.

IGT Elevates Entertainment at Harrington Raceway and Casino via Multi-Product Systems Agreement

Jackpot mania kicks up across the US as IGT's latest WAP game launches in key commercial gaming jurisdictions Nevada and New Jersey LONDON , May 23, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that following a successful launch in tribal gaming jurisdictions, the high-performing Money Mania™ Wide Area Progressive (WAP) video slots game is now live in commercial gaming jurisdictions. The action-packed Money Mania game is housed on IGT's award-winning, triple-screen PeakSlant32™ cabinet and features two compelling base game themes, Pharaoh's Fortune® and Cleopatra®.

IGT Money Mania Wide Area Progressive Driving Jackpot Excitement in Commercial Gaming Jurisdictions

The Philippines' most-anticipated casino will leverage IGT's IGT ADVANTAGE casino management system and offer the first Peak49 cabinets in Asia LONDON , May 11, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its IGT ADVANTAGE™ casino management system ("CMS") and a variety of leading IGT games and cabinets will be deployed at the soon-to-open NUSTAR Resort and Casino in Cebu, the Philippines. This IGT ADVANTAGE deployment will connect NUSTAR Resort and Casino's impressive 1,500 slot games and 250 table games while enabling the casino to build patron loyalty, optimize its casino operations and access valuable, real-time performance analytics.

IGT Elevates Play in the Philippines with Games and Systems Deployment at NUSTAR Resort & Casino

Earnings have given this gambling stock a big boost today.

Why International Game Technology Stock Popped 12.5% on Tuesday

International Game Technology (NYSE: IGT) reported first-quarter FY22 revenue growth of 4% year-on-year to $1.05 billion, above the consensus of $1.04 billion. Revenue from Global Lottery fell 9% Y/Y to $680 million, Global Gaming rose 42% Y/Y to $325 million, and Digital &.

Why IGT Shares Are Surging Today

International Game Technology PLC (NYSE:IGT ) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET Company Participants James Hurley - Senior Vice President, Investor Relations Vince Sadusky - Chief Executive Officer Max Chiara - Chief Financial Officer Conference Call Participants Carlo Santarelli - Deutsche Bank Chad Beynon - Macquarie Barry Jonas - Truist Securities Ben Chaiken - Credit Suisse Domenico Ghilotti - Equita Jeff Stantial - Stifel David Katz - Jefferies Zachary Silverberg - Berenberg Capital Markets Operator Good day and thank you for standing by. Welcome to International Game Technology Q1 2022 Earnings Conference Call.

International Game Technology PLC (IGT) CEO Vince Sadusky on Q1 2022 Results - Earnings Call Transcript

IGT (IGT) delivered earnings and revenue surprises of 14.71% and 1.34%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

International Game Technology (IGT) Q1 Earnings and Revenues Top Estimates

Revenue up 4% compared to the prior year, or 7% at constant currency, to $1.1 billion, driven by significantly higher Global Gaming product sales; revenue and profit aligned with historic peak levels Operating income of $252 million; operating income margin of 24% exceeds outlook by 200 basis points Adjusted EBITDA of $433 million matches prior year's record level at constant currency; 41% adjusted EBITDA margin among the highest level in Company history Returned a record $80 million to shareholders via cash dividend and share repurchases for second consecutive quarter Reaffirming full-year 2022 revenue and profit outlook LONDON, May 10, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the first quarter ended March 31, 2022. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS FIRST QUARTER 2022 RESULTS

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Latest Global Gambling Guidance Group endorsement fulfills IGT's responsible gaming certifications across lottery, gaming, digital and sports betting LONDON , April 26, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has become the first U.S. supplier in the gaming industry to receive Global Gambling Guidance Group (G4) responsible gaming accreditation for its sports betting operations. With this monumental achievement from G4, IGT is certified in responsible gaming across its four product segments encompassing lottery, gaming, digital and betting.

IGT Becomes First US Industry Supplier to Achieve G4 Responsible Gaming Accreditation for Sports Betting

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Company's PeakSlant32™ cabinet, Regal Riches™ slot game, Floor Manager™ systems solution and Diversity and Inclusion achievements recognized in annual awards program LONDON , April 21, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it won four categories of the 2022 "The Casino Awards" program, earning more honors than any other gaming supplier in the competition. Produced by Datateam Business Media, the publishers of Casino International magazine, The Casino Awards is an annual program that recognizes gaming operators and suppliers for excellence across Europe.

IGT Wins Big at "The Casino Awards" in London with Victories in Four Categories

LONDON , April 19, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss first quarter 2022 results for the period ended March 31, 2022 on Tuesday, May 10, 2022. Conference call details: Tuesday, May 10, 2022 8:00 a.m.

News for International Game Technology Stock (IGT)