International Game Technology PLC (IGT), is a multinational gaming company that produces slot machines and other gaming technology. Formerly Gtech S.p.A. and Lottomatica S.p.A., it is listed on the New York Stock Exchange under the trading symbol “IGT.” Its holding company headquarters are in the United Kingdom, with operating headquarters in Rome, Italy; Las Vegas, Nevada; and Providence, Rhode Island. IGT attracts the industry’s top talent, with more than 12,000 employees across the globe. It is controlled with a 51 percent stake by De Agostini
International Game Technology announced that Walter Bugno, executive vice president of new business and strategic initiatives, has resigned to pursue a new professional opportunity. Mr. Bugno will continue in his current position until May 14, 2021.
IGT has adapted its business to the new normal to deliver business growth for our customers. During 2020 we continued with gaming innovation, new system updates and additions as well as growing our electronic table games portfolio.
IGT said it has successfully priced $750 million 4.12% senior notes and will use the proceeds to refinance existing debt.
Union Gaming analyst John DeCree declared in a note that “IGT's lottery business was once again a shining star in 4Q20. "Globally, sales for instant ticket and draw games increased 8% in 4Q20 following nearly 11% growth in 3Q20."
IGT said it expects its revenue and operating income from continuing operations to be higher in Q1, both year-on-year and sequentially. Global lottery is likely to be up "significantly," while global gaming will be in line with Q4 as Covid restrictions continue
International Game Technology and Scientific Games Corporation have signed a cross-licensing agreement for patents related to cashless slot gaming technologies.
International Game Technology has announced that its subsidiary, IGT Global Solutions Corporation, has extended its agreement with supplier Global Payments Gaming Solutions to continue enabling guaranteed Automated Clearing House (ACH) bank funds transfers through seamless integration with IGT’s proprietary IGTPay payment gateway.
“We all know how heavily the industry has been impacted by COVID-19, but the crisis has shown how our customers that invested in our ADVANTAGE system really did have an advantage,” said Nelson Cheung, System Sales, IGT Asia.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
International Game Technology has reported consolidated revenues of US$982 million in the third quarter of 2020, which it says was driven by the strongest lottery same-store sales growth in seven quarters and sharp improvement from the second quarter across all major revenue sources.
International Game Technology has announced that Bao Son International Hotel Versaces Club in Hanoi City, Vietnam, is replacing its existing casino management system with an IGT product, which will operate its loyalty program, monitor and optimize its casino floor, and perform a range of other essential functions.
Despite Macau having no new cases for the past seven months - which makes Macau one of the safest places for people to visit, health and safety is still top-of-mind for casino operators and players.
The increased space for players on gaming floors due to Covid-19 has been welcomed by clients and is likely to be a trend that is here to stay, executives from three of the world’s largest suppliers said on a panel at the Australasian Gaming Expo seminars.
International Game Technology (IGT) said its first-quarter results were affected by Covid-19 related lockdowns beginning in March, and have subsequently reduced its 2020 profit outlook due to uncertainty. According to a results filing from the company on Monday, revenue fell 18 percent year-on-year in the first quarter of 2020, reaching $940 million. This was due […]
IGT said it was standing down 2,300 workers in North America as a result of the Covid-19 pandemic.
International Game Technology (IGT) posted its financial results to the end of 2019, noting that consolidated revenue came in at US$4.79 billion, down 1 percent from 2018. Similarly, operating income was US$637 million, down 2 percent from the prior year; and adjusted EBITDA was US$1.71 billion, down 1 percent. The company noted that it had […]
At ICE 2020, IGT will demonstrate its commitment to player-driven performance through its vast array of proven games, cabinets, systems, and solutions at the ICE London show. An update to the player-favorite Fortune Coin Video Slots, Fortune Coin Boost! features exciting new Boost coins that enhance the bonuses and credits by multiplying coin values. Boost […]
inaugural G2E Asia @ the Philippines wrapped up on Wednesday, with suppliers at the show expressing optimism about future growth in the country, in particular regionally and the potential for product experimentation. The two-day conference and exhibition was smaller in size than its sister shows in Las Vegas and Macau, but made up for it […]
Alberto Fornaro, CFO for International Game Technology (IGT) unexpectedly resigned this week to join Coupang, South Korea’s largest eCommerce platform and one of the fastest-growing consumer internet companies in the world.
The time it takes for players to “warm-up” to new gaming concepts has been identified as a major reason why the gaming industry has lagged behind others when it comes to technology. This was according to a panel of experts speaking at the G2E Philippines conference in Manila on Tuesday afternoon. Clinton Long, Sales Director […]
International Game Technology (IGT) posted a 3 percent increase in revenue at constant currency in 19Q3, driven by growth in global gaming product sales. Said revenue reached $1.2 billion. Operating income came in at $154 million, while adjusted EBITDA reached $407 million in the quarter. Marco Sala, CEO of IGT said its core business achieved […]
Konami Gaming’s director of business development Danielle Rankin and IGT’s director of strategic accounts Dan Farnon are the latest two executives to be recognized in the “Emerging Leaders of Gaming 40 Under 40.” The young leaders’ list is developed by Global Gaming Magazine and The Innovation Group. In a press release from Konami, the company […]
IGT is set to demonstrate the depth and breadth of its portfolio within its extensive 24,000-plus square foot booth 3659, at G2E Las Vegas. Making its G2E debut is IGT’s all-new video poker bartop cabinet – PeakBarTop. The new cabinet elevates the player experience with its 23-inch curved display, USB charging ports, enhanced lighting and […]
Gaming machine supplier International Game Technology (IGT) said it saw strong sales growth in the second quarter of 2019, despite reporting a fall in net profit in the period. Total revenue increased 2.7 percent year-on-year in 19Q2 reaching $1.23 billion. IGT CEO Marco Sala said the top-line growth was driven by “a sharp increase in […]
International Game Technology said Q1 revenue declined as higher machine sales and stable lottery failed to offset the impact of higher taxes in Italy and lower machine system sales.
At G2E Asia IGT will present a range of gaming solutions that reflect the Company’s commitment to localized innovations, and an improving position in Asia. Approximately 90 percent of the slot games that IGT will showcase will be market-approved games. Linked multi-level progressive (MLP) themes for Asia will be a cornerstone of IGT’s portfolio, and […]
IGT will showcase an exciting array of innovative gaming solutions under the theme “Your Best Bet” at ICE 2019. The company’s stand will offer hundreds of solutions that reflect the Company’s commitment to developing market-attuned gaming experiences for its gaming, lottery and digital customers from around the world. IGT’s core video portfolio will be a […]
International Game Technology said Q3 adjusted EBITDA gained 3 percent to $443 million, beating analysts’ expectations, though it fell short of forecasts on revenue.
International Game Technology (IGT) reported net income of $161 million in the three months ended June 30, 2018. Consolidated revenue fell one percent year-on-year to $1.2 billion, which was negatively impacted by $33 million due to ASC 606, but offset by strong lottery performance in North America and Italy. “The North America Lottery and Italy […]
IGT will present a range of performance-driven, market-attuned innovations in its booth at AGE under the theme “Play Among the Stars.” The three-day event will present a platform for IGT to reveal new products within its revitalized Crystal hardware family, and to demonstrate the Company’s progress in delivering regionally attuned games and solutions. IGT’s “star-studded” […]
The latest financial results from Macau’s operators showed a healthy increase in slot machine revenue, indicating that a mix of product innovation, evolving customer preferences and new capacity are beginning to help them gain traction. According to figures from Macau’s Gaming Inspection and Coordination Bureau (DICJ), GGR from slot machines in the enclave was MOP […]
IGT Hyper Hits link slot game has made its debut in Macau at MGM Cotai. MGM Cotai players can now enjoy two Hyper Hits games – Lotus Princess and The Golden Bow – each one and featuring an iconic “red ball’ mechanic that heightens player anticipation and excitement. “We are delighted to see the Hyper […]
Under the theme “IGNITE”, IGT’s product portfolio will be anchored in approved, localized content, new versatile hardware, mobile solutions for land-based casinos and the company’s market-leading systems innovations. A must-see product will be the HyperHits link on the CrystalDual cabinet. Approved for distribution in Macau, HyperHits is a linked progressive with an engaging ball mechanic […]
The role of casino employees, who play a central tenet in ensuring guest satisfaction, has had to pivot due to Covid-19 from that of being the perfect host to enforcing strict health and safety guidelines.
While the past six months have undoubtedly been devastating for the gaming industry, in just a short space of time suppliers have shown their ability to adapt and react, releasing new products for the new reality and refocusing business models.
With Macau continuing to haemorrhage VIP gamblers, there has never been a greater onus on operators in the special administrative region to latch on to the relative predictability afforded by the premium and mass markets.
Manufacturers have become frustrated with Australia’s lengthy product approval processes, and have been pointing to “regulatory bottlenecks” as one of the main reasons for a lack of innovation in the market.
Technology and electronic table games were the two subjects most frequently cited as important trends for 2019 among the gaming industry’s largest suppliers at the MGS Entertainment Show in Macau last month. This year’s show, which ran from Nov. 13 to Nov. 15, sought to focus on innovation in the entertainment space. Though given online […]