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.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q3 2024

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.

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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.

LONDON, Dec. 18, 2020 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) today announced that its subsidiaries IGT Europe B.V., IGT Austria GmbH, and IGT Germany Gaming GmbH ("IGT") have entered into a strategic agreement to exclusively license the intellectual property for its...

IGT Announces Agreement to License Exclusive IP Rights for GALAXIS, SYSTEM2Go and Associated Software and Hardware to Modulus

LONDON, Dec. 16, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has replaced a competitor's system with its IGT ADVANTAGE® Casino Management System (CMS) at the newly reopened Carousel Casino in North West Province, South Africa, which...

IGT ADVANTAGE Casino Management System to Maximize Performance at Iconic South African Casino

The gaming company continues to focus on what it does best.

Why International Game Technology Is Jumping Higher Today

International Game Technology said it's selling Lottomatica Videolot Rete and Lottomatica Scommesse, its Italian B2C gaming machine, sports betting, and digital gaming businesses, to Apollo Global Management for €950 million ($1.15 billion). IGT said the deal was struck at an attractive multiple to comparable Italian transactions and provides enhanced financial flexibility.

International Game Technology selling Italian gaming business to Apollo

LONDON, Dec. 7, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. has signed a definitive agreement to sell one hundred percent (100%) of the share capital of Lottomatica Videolot Rete...

International Game Technology PLC Announces Agreement To Sell Italian B2C Gaming Business For €950 Million In Cash

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LONDON, Nov. 20, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently won the "Sustainable Business Award" for gaming industry suppliers in the 2020 Industry Community Awards. In its inaugural year, the Industry Community Awards...

IGT Wins "Sustainable Business Award" in 2020 Industry Community Awards

LONDON, Nov. 19, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that IGT Global Services Limited (hereinafter "IGT") has been awarded a tender by Norsk Tipping AS ("Norsk Tipping"), Norway's state lottery operator and World Lottery Association...

IGT Selected in Public Tender to Provide Industry-Leading Digital Games in Norway

Mittleman Brothers recently released its Q3 2020 Investor Letter, a copy of which you can download here. The Mittleman Global Value Equity Fund – Class P declined 1.4% net of fees (AUD) in the third quarter of 2020, versus a gain of 3.9% in the MSCI ACW Index. You should check out Mittleman Brothers' top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

Is International Game Technology (IGT) a Smart Long-term Buy?

LONDON, Nov. 16, 2020 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), signed a seven-year base contract with the Nebraska Lottery to serve as the primary vendor for its instants and...

IGT Wins Long-Term Nebraska Lottery Contract for Draw-Based and Instant Games and Services

International Game Technology's (IGT) CEO Marco Sala on Q3 2020 Results - Earnings Call Transcript

IGT (IGT) delivered earnings and revenue surprises of 262.50% and 21.35%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

International Game Technology (IGT) Surpasses Q3 Earnings and Revenue Estimates

LONDON, Nov. 11, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today reported financial results for the third quarter ended September 30, 2020. Tomorrow, at 8:00 a.m. EST, management will host a conference call and webcast to present the results; access...

International Game Technology PLC Reports Third Quarter 2020 Results

LONDON, Nov. 9, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that Bao Son International Hotel Versaces Club ("Versaces Club") in Hanoi City, Vietnam is replacing its existing casino management system (CMS) with the IGT ADVANTAGE™ CMS to operate...

IGT ADVANTAGE Casino Management System Advances the Player Experience in Vietnam

LONDON, Nov. 6, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss third quarter 2020 results for the period ended September 30, 2020 on Thursday, November 12, 2020. Conference call details: Thursday, November...

International Game Technology PLC to Host Third Quarter 2020 Results Conference Call on Thursday, November 12, 2020

LONDON, Nov. 4, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has expanded its hardware portfolio for millionaire-making Wheel of Fortune® slots games with the nationwide launch of the PeakSlant49™ Wheel cabinet. The towering,...

IGT Expands Wheel of Fortune® Hardware Portfolio with Coast-to-Coast Launch of PeakSlant49 Wheel Cabinet

LONDON, Nov. 2, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that IGT Poland, IGT Global Solutions Corporation, and IGT Global Services Limited ("IGT") have signed a long-term contract with Totalizator Sportowy Sp. z o.o. ("Totalizator...

IGT Drives Lottery Innovation in Poland through Seven-Year Facilities Management Contract with Totalizator Sportowy

LONDON , Oct. 29, 2020 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced today that its subsidiary, IGT Canada Solutions ULC (hereinafter "IGT"), has signed a contract extension with the Western Canada Lottery Corporation ("WCLC") to upgrade WCLC's video lottery...

IGT's Seven-Year Contract Extension with Western Canada Lottery Includes Deployment of Enhanced INTELLIGEN System for 4,200 VLTs in Saskatchewan

LONDON, Oct. 29, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT" or the "Company") (NYSE: IGT) and its subsidiary Lottomatica Holding S.r.l ("Lottomatica") commented today on an investigation by the Italy Judicial Authority into alleged misconduct by four current employees,...

IGT Issues Statement Regarding Investigation of Certain Employees of its Italian subsidiary Lottomatica

LONDON, Oct. 28, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) has announced the release of its 13th annual Sustainability Report, which demonstrates the Company's drive to create value globally, increase its socially responsible corporate citizenship, and...

IGT Demonstrates Continued Corporate Social Responsibility Leadership with 13th Annual Sustainability Report

LONDON, Oct. 20, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it successfully launched the PeakSlant32™ cabinet, the first slot cabinet in North America to feature three 32-inch displays. Guests of Mohegan Sun in Uncasville, Conn. were...

IGT Launches the PeakSlant32 - the First Slot Cabinet in North America with Three 32-Inch Displays

LONDON, Oct. 14, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has further differentiated its PlaySports sports betting solution through a multi-year partnership with the National Basketball Association (NBA). Under the agreement, IGT's...

IGT Announces Betting Partnership with the NBA

LONDON, Oct. 13, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company will participate in the Global Gaming Expo ("G2E") Virtual Experience 2020. Presented by the American Gaming Association ("AGA"), the web-based event will occur...

IGT Presents "A New Journey, Together" at G2E Virtual Experience 2020

LONDON, Oct. 13, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company is leading the evolution of casino operations with its Resort Wallet™ cashless solution at the newly reopened Resorts World Catskills Casino and Resort ("Resorts...

IGT's Resort Wallet Technology Leads Evolution of Cashless Gaming in New York State

Scientific Games

LONDON and LAS VEGAS, Oct. 6, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) and Scientific Games Corporation ("Scientific Games") (NASDAQ: SGMS) today released the following joint statement regarding the Exclusive Instant Lottery (LOTEX) concession in Brazil:...

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