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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Earnings data Q4 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.

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.

LONDON , Sept. 19, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") today announced the results to date with respect to its capped offer to purchase for cash (the "Tender Offer") its outstanding US$1,100,000,000 6.500% Senior Secured Notes due 2025 (the "Dollar Notes") and its outstanding €500,000,000 3.500% Senior Secured Notes due 2024 (the "Euro Notes," and together with the Dollar Notes, the "Notes").

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES EARLY RESULTS OF AND INCREASES OF CAPS AND NEW EARLY SETTLEMENT DATE WITH RESPECT TO CAPPED TENDER OFFER FOR ITS 6.500% SENIOR SECURED NOTES DUE 2025 AND ITS 3.500% SENIOR SECURED NOTES DUE 2024

New York, New York--(Newsfile Corp. - September 17, 2022) - Pomerantz LLP is investigating claims on behalf of investors of International Game Technology PLC ("IGT" or the "Company") (NYSE: IGT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.The investigation concerns whether IGT and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of International Game Technology PLC - IGT

LOS ANGELES--(BUSINESS WIRE)---- $IGT #IGT--The Schall Law Firm Encourages Investors in International Game Technology PLC with Losses of $100,000 to Contact the Firm

INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in International Game Technology PLC with Losses of $100,000 to Contact the Firm

LONDON , Sept. 15, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that its wholly owned subsidiary IGT Lottery S.p.A.

International Game Technology PLC Announces Completion of Sale of Italian Commercial Payment Business to PostePay S.p.A.

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in International Game Technology PLC with Losses of $100,000 to Contact the Firm

Top-performing IGT PlayCasino titles including Cleopatra ® , The Big Easy ™  and Cash Eruption™ deployed on Planetwin365 casino LONDON , Sept. 6, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that IGT PlayDigital has grown its partnership with SKS365 Group through an expanded multi-year content agreement.

IGT PlayDigital Grows Partnership with SKS365 Group via Expanded Content Agreement in Italy

New York, New York--(Newsfile Corp. - September 2, 2022) - Pomerantz LLP is investigating claims on behalf of investors of International Game Technology PLC ("IGT" or the "Company") (NYSE: IGT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.The investigation concerns whether IGT and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of International Game Technology PLC - IGT

LONDON , Sept. 2, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT"), announces the launch of an offer to purchase for cash (the "Tender Offer") up to US$500,000,000 aggregate principal amount (the "Maximum Acceptance Amount") of its outstanding US$1,100,000,000 6.500% Senior Secured Notes due 2025 (the "Dollar Notes") and its outstanding €500,000,000 3.500% Senior Secured Notes due 2024 (the "Euro Notes", and together with the Dollar Notes, the "Notes"), subject to the Acceptance Priority Levels set forth in the table below (with one (1) being the higher Acceptance Priority Level and two (2) being the lower Acceptance Priority Level) and the Dollar Offer Sub Cap (as defined below).

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES CAPPED TENDER OFFER WITH RESPECT TO ITS 6.500% SENIOR SECURED NOTES DUE 2025 AND 3.500% SENIOR SECURED NOTES DUE 2024

Company will deliver new claims and payment system LONDON , Aug. 30, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a four-year contract extension with the New York Lottery, one of the most successful lotteries in the U.S. This agreement extends the current contract to August 2026. As part of the extension, IGT will launch a new claims and payments system.

IGT Signs Four-Year Contract Extension with New York Lottery to Continue as Primary Technology Supplier

DoubleDown Interactive Co Ltd

LONDON , Aug. 29, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) and DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) ("DoubleDown") today announced an agreement in principle to settle the Benson v.

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES AGREEMENT IN PRINCIPLE TO SETTLE LEGAL PROCEEDINGS RELATED TO BENSON V. DOUBLE DOWN INTERACTIVE LLC

Company's new camera-based lottery terminal will be deployed with Santa Casa da Misericórdia de Lisboa LONDON , Aug. 16, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that its subsidiary, IGT Global Solutions Corporation, has signed an agreement with Santa Casa da Misericórdia de Lisboa ("SCML") to debut IGT's innovative Retailer Vue™ lottery terminal in Portugal, following a competitive procurement. The delivery of up to 7,200 camera-based terminals is expected to be completed in 2023.

IGT Leads Future of Lottery Retail in Portugal via 7,200 Retailer Vue Terminal Contract

IGT PlaySports™ grows leadership in Washington State with Olympia's premier casino LONDON , Aug. 10, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it is expanding its sports betting leadership in Washington State via a multi-year contract with Nisqually Red Wind Casino. Under the terms of the agreement, Nisqually Red Wind Casino in Olympia, Wash.

IGT and Nisqually Red Wind Casino Team Up in Multi-Year Sports Betting Agreement

The company's second-quarter results were obviously a hit with investors.

Why International Game Technology Popped by 10% Today

International Game Technology PLC (NYSE:IGT ) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants James Hurley - Senior Vice President of Investor Relations Vince Sadusky - Chief Executive Officer Max Chiara - Executive Vice President & Chief Financial Officer Conference Call Participants Carlo Santarelli - Deutsche Bank Chad Beynon - Macquarie Barry Jonas - Truth Securities Ben Chaiken - Crédit Suisse Jeffrey Stantial - Stifel Operator Good day and thank you for standing by. Welcome to the International Game Technology Q2 2022 Earnings Conference Call.

International Game Technology PLC (IGT) CEO Vince Sadusky on Q2 2022 Results - Earnings Call Transcript

IGT (IGT) delivered earnings and revenue surprises of 83.87% and 0.33%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

International Game Technology (IGT) Surpasses Q2 Earnings Estimates

Revenue of $1.02 billion, down 2% as reported and up 3% at constant currency, led by 23% growth in Global Gaming Operating income of $228 million; operating income margin of 22% at high end of outlook on substantial increase in Global Gaming profitability and resilience in Global Lottery margin Adjusted EBITDA of $409 million, in line with prior year's record level at constant currency as Global Gaming performance offsets Lottery discrete benefits in the prior year; 40% adjusted EBITDA margin remains among the highest in Company history Recognized a non-operating expense of $150 million representing the probable loss associated with legal proceedings related to Double Down Interactive LLC and its social gaming business sold in 2017 Diluted EPS from continuing operations of $(0.02); Adjusted diluted EPS from continuing operations of $0.57, up 78% from the prior year Compelling shareholder returns with $135 million deployed for cash dividends and share repurchases year-to-date Tightening full-year 2022 revenue outlook to reflect currency movements and perimeter impact from previously announced divestiture; reconfirming operating income margin outlook as fundamentals remain strong LONDON , Aug. 2, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today reported financial results for the second quarter ended June 30, 2022. Today, at 8:00 a.m.

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS SECOND QUARTER 2022 RESULTS

Company's commitment to diversity and inclusion shines in gaming and betting industry index LONDON , July 28, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that it has been recognized by the All-In Diversity Project (AIDP) as the top-ranking gaming supplier in the 2021 All-Index™ report. The index serves as a global benchmarking tool measuring the progress of diversity, equality and inclusion in the betting and gaming sectors.

IGT Achieves High-Ranking Score in the All-In Diversity Project 2021 All-Index Report

LONDON , July 27, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced the closing of an amendment and extension of its revolving credit facilities ("RCF") agreement and an amendment of its term loan facilities ("TLF") agreement. "These transactions represent a continuation of the many capital structure initiatives executed over the last few years to bolster our credit profile," said Max Chiara, IGT CFO.

International Game Technology PLC Announces Amendment and Extension of Revolving Credit Facilities and Amendment of Term Loan Facilities

IGT (IGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

International Game Technology (IGT) Earnings Expected to Grow: Should You Buy?

Company's top-performing games will soon be available to Michigan Lottery players LONDON , July 26, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that its subsidiary, IGT Global Solutions Corporation, has signed an agreement to deliver engaging iLottery content through its high-performing remote gaming server (RGS) to the Michigan Lottery. "The integration of IGT's advanced RGS will provide the Michigan Lottery and its players with an extensive library of premium iLottery content, diversifying the Lottery's portfolio with well-known eInstants and omnichannel themes," said Jay Gendron, IGT Chief Operating Officer, Global Lottery.

IGT Launches World-Class iLottery Games in Michigan

LONDON , July 20, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") announced today that it reinforced its global lottery industry leadership by being named Lottery Supplier of the Year at the 2022 SBC Awards North America last week in New York. "As the leader in global lottery for more than 40 years, winning 'Lottery Supplier of the Year' is a testament to IGT's pioneering values and commitment to providing best-in-class solutions that drive sales growth for our customers while maximizing contributions to good causes," said Jay Gendron, IGT Chief Operating Officer, Global Lottery.

IGT Reinforces Industry Leadership with Lottery Supplier of the Year Win at 2022 SBC Awards North America

LONDON , July 19, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss second quarter 2022 results for the period ended June 30, 2022 on Tuesday, August 2, 2022. Conference call details: Tuesday, August 2, 2022 8:00 a.m.

International Game Technology PLC to Host Second Quarter 2022 Results Conference Call on Tuesday, August 2, 2022

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) Moves 6.7% Higher: Will This Strength Last?

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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.

News for International Game Technology Stock (IGT)