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.

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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.

IGT (IGT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

IGT (IGT) is on the Move, Here's Why the Trend Could be Sustainable

Poland's national lottery operator becomes first European lottery to launch end-to-end iLottery program on the cloud LONDON , July 20, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that it has upgraded Poland's national lottery operator Totalizator Sportowy's iLottery platform and deployed all of its components to the cloud. This go-live marks the first time that IGT has launched a customer's comprehensive iLottery platform to the cloud and Totalizator Sportowy is the first European lottery to have its end-to-end iLottery system on the cloud.

IGT Deploys Cloud-Based Lottery Systems for Totalizator Sportowy in Poland

IGT (IGT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

IGT (IGT) Upgraded to Buy: What Does It Mean for the Stock?

IGT (IGT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

International Game Technology (IGT) Hits Fresh High: Is There Still Room to Run?

Company grows sports betting footprint in Mississippi through new retail sportsbook LONDON , July 13, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its award-winning IGT PlaySports™ technology is now powering retail sports betting at Palace Casino Resort in Biloxi, Miss. Palace Casino Resort guests now have the option to visit the CONTACT Sports and Race Book to place a range of pre-game and in-play wagers at the venue's four walk-up betting windows or via the IGT PlaySports-powered sportsbook's four self-service betting kiosks.

IGT PlaySports Technology Powers Sports Betting at Palace Casino Resort in Mississippi

Company achieves top score on comprehensive benchmarking tool recognizing disability inclusion in the workplace LONDON , July 12, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it earned a top score in the 2023 Disability Equality Index® (DEI) and was named a "Best Place to Work for Disability Inclusion." Now in its ninth year, the DEI is a joint initiative established by the American Association of People with Disabilities (the "AAPD"), the nation's largest disability rights organization, and Disability:IN, the global disability inclusion network, to provide benchmarking services to companies on their disability inclusion.

IGT Recognized as a "Best Place to Work for Disability Inclusion" by the 2023 Disability Equality Index

LONDON , July 11, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss second quarter 2023 results for the period ended June 30, 2023 on Tuesday, August 1, 2023. Conference call details: Tuesday, August 1, 2023 8:00 a.m.

International Game Technology PLC to Host Second Quarter 2023 Results Conference Call on Tuesday, August 1, 2023

Company's 16th annual sustainability report highlights advancement of initiatives through Sustainable Play™ LONDON , July 11, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today the release of its 2022 Sustainability Report, detailing the Company's strong commitment to global sustainability and advancement of its environmental, social and governance (ESG) performance under its Sustainable Play™ initiatives.   "This marks the 16th consecutive year that IGT has released its Sustainability Report, demonstrating the Company's comprehensive sustainability initiatives and the positive impacts they have on our people and the planet," said Vince Sadusky, IGT CEO.

IGT Reinforces Environmental, Social and Governance Leadership with Publication of 2022 Sustainability Report

LONDON , July 10, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today released the following statement regarding the passing of Fabio Cairoli, IGT CEO Global Lottery: "IGT announced today with great sadness that Fabio Cairoli, IGT CEO of Global Lottery, has suddenly passed away. Fabio was an outstanding executive.

IGT Statement on Passing of Fabio Cairoli, IGT CEO Global Lottery

LONDON , June 29, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Services Limited, has signed a cross-licensing agreement with FDJ Gaming Solutions France ("FGS"), a subsidiary of FDJ Group which delivers B2B betting services, distribution services and interactive services for the gaming industry. This cross-licensing agreement grants both companies access to each other's full suite of eInstant games, driving maximum growth opportunities for their lottery customers.

IGT Signs Cross-Licensing Agreement with FDJ Gaming Solutions France for eInstant Content

A variety of IGT systems modules and the IGT ADVANTAGE™ CMS to power iconic Las Vegas casino beginning in Q4 2023 LONDON , June 27, 2023 /PRNewswire/ -- International Game Technology PLC (IGT) (NYSE: IGT) announced today that the Company reached an agreement with Dreamscape Companies to provide its award-winning IGT ADVANTAGE casino management system to the Rio Hotel & Casino starting Q4 of this year. In addition to deploying the IGT ADVANTAGE system, Rio Hotel & Casino will leverage IGT's M5 content delivery solution to run Random Riches™ and Lucky Coin™ bonuses, IGT's Mobile Host and Mobile Responder employee convenience apps will elevate customer service, while the Taxable Accrual solution will help optimize player self-service jackpot processing.

IGT Wins Casino Management System Contract for Rio Hotel & Casino in Las Vegas

Highly anticipated Mystery of the Lamp™ game serves as launch title for dazzling new PeakCurve™49 premium cabinet LONDON , June 26, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its highly captivating and much-anticipated new multi-level progressive ("MLP") game, Mystery of the Lamp, can now be enjoyed at more than a dozen casinos across the U.S. Many additional casinos are scheduled to deploy the game in the coming weeks and months. Mystery of the Lamp scored exceptionally well in IGT's vast performance-testing programs and is featured on the Company's newest hardware, the PeakCurve49 cabinet.

IGT Announces Coast-to-Coast Launch of Mystery of the Lamp Premium Progressive Game on PeakCurve49 Cabinet

Company's award-winning IGT ADVANTAGE™ casino management system, games, and cabinets to generate unrivaled player experiences at  Gila River Resorts & Casinos' new property LONDON , June 26, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that Santan Mountain Casino in Chandler, Ariz., has opened its doors with a diverse offering of IGT's leading gaming solutions.

IGT Games and Systems Power Play at Recently Opened Santan Mountain Casino in Arizona

LONDON , June 14, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today it successfully launched a compelling new, ten-game set for Alberta Gaming, Liquor & Cannabis ("AGLC"). AGLC and IGT started the official rollout of the new game set in April 2023 and will continue until more than 2,600 of AGLC's legacy Video Lottery Terminals ("VLTs") are replaced with modern, high-performing IGT CrystalDual™ 27 VLTs featuring this new, in-demand game content.

IGT Elevates Gaming Entertainment Across Alberta via New Game Set for CrystalDual 27 Video Lottery Terminals

Company recognized for commitment to DEI initiatives at the highly regarded global awards program LONDON , June 13, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it won the "Diversity and Inclusion" category at the 2023 Women in Gaming (WIG) Diversity & Employee Wellbeing Awards last week in London. The annual awards program recognizes individuals and organizations for their outstanding commitment to enhancing diversity, equality, and inclusion within the gaming industry.

IGT Wins "Diversity and Inclusion" Category at 2023 Women in Gaming Diversity & Employee Wellbeing Awards

LONDON and ATLANTA , June 13, 2023 /PRNewswire/ -- IGT Global Solutions Corporation ("IGT"), a subsidiary of International Game Technology PLC (NYSE: IGT) and Scientific Games, LLC ("Scientific Games") today announced that they, along with local partner SAGA Consultoria e Representações Comerciais e Empresariais S/A ("SAGA"), have formed a consortium and executed a concession agreement with the Minas Gerais State Lottery ("LEMG") to operate an instants and passive lottery in the State of Minas Gerais, Brazil. The consortium will bring instant and passive games to players in the southeastern state of 21 million people where lottery games are the only form of legalized gaming.

IGT and Scientific Games Awarded 20-Year Lottery Contract for Loteria Mineira Brazil as Part of Consortium

IGT (IGT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

IGT (IGT) Soars 14.3%: Is Further Upside Left in the Stock?

International Game Technology's management announced a strategic alternatives review for two of its three operating segments, causing shares to spike by 14.3%. The review will consider a range of potential alternatives, including sales, mergers, spin-offs, or further investment in the Global Gaming and PlayDigital segments. Despite the company's significant debt, its stock appears to be trading cheaply, and a big transaction could further improve its value, making it a strong buy candidate.

International Game Technology: Markets Are Making A Well-Informed Gamble

IGT management says it's considering strategic alternatives for two of its divisions. The company is apparently keeping its options wide open.

Why International Game Technology Stock Just Popped

Shares of International Game Technology PLC IGT, +2.41% were indicated up more than 1% in premarket trading Thursday, after the gaming company said it is evaluating “potential strategic alternatives” for its Global Gaming and PlayDigital businesses. IGT said it is considering a broad range of alternatives, including a sale, merger or spinoff as the company looks to unlock the full value of its portfolio.

IGT stock set to gain after gamer explores alternatives for Global Gaming, PlayDigital businesses to boost shareholder value

IGT announces review of strategic alternatives for Global Gaming and PlayDigital to enhance shareholder value LONDON , June 8, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its Board of Directors is evaluating potential strategic alternatives for IGT's Global Gaming and PlayDigital segments in order to unlock the full value of IGT's portfolio. IGT's Board of Directors is considering a broad range of potential alternatives, including but not limited to a sale, merger or spin-off, as well as retaining and further investing in the Global Gaming and PlayDigital businesses.

IGT to Explore Strategic Alternatives for its Global Gaming and PlayDigital Segments to Drive Long-Term Sustainable Value

LONDON , June 5, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has signed a ten-year licensing agreement with Sony Pictures Television that grants the Company exclusive rights to the legendary Wheel of Fortune brand across gaming, lottery, iGaming and iLottery and non-exclusive rights to distribute Wheel of Fortune content for free-to-play social casinos. The contract will run January 1, 2025 to December 31, 2034.

IGT Secures Exclusive Wheel of Fortune Licensing Rights for Gaming, Lottery, iGaming and iLottery via 10-Year Agreement

LONDON , June 1, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today it signed a three-year contract extension with AB Svenska Spel ("Svenka Spel") to continue providing leading-edge video lottery technology and services including the INTELLIGEN™ central system, more than 4,000 Quasar™ Video Lottery Terminals ("VLT"), high-performing games, award-winning IGTPay™ cashless technology and more. This contract extension will run through January 2027.

IGT Propels Leadership in Sweden via Three-Year Contract Extension with Svenska Spel

Connecticut Lottery players will be able to purchase Keno and draw-based games online for the first time in Lottery history LONDON , May 31, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed an eight-year contract with the Connecticut Lottery Corporation ("CLC") to deploy its iLottery gaming system and related components. This technology will enable the CLC to sell Keno and draw-based lottery games for the first time via a new website and mobile app developed by IGT.

IGT Executes Long-Term Contract with Connecticut Lottery to Launch iLottery System, Mobile App and eDraw Games

Company pairs most successful slot theme of all time with industry-first technology to create pioneering omnichannel jackpot link in the US LONDON , May 31, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it has introduced the first omnichannel wide area progressive (WAP) jackpot in the U.S. via a Wheel of Fortune slots link in New Jersey. This milestone achievement enables players in New Jersey to spin for large-scale wins on games with combined jackpot liquidity between the land-based, mobile and online versions of IGT's Wheel of Fortune slots.

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