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The Latest in igt
Business
March 12, 2024
IGT Achieves FY 2023 Goals Ahead of Milestone Merger
International Game Technology (IGT), a global leader in the gaming industry, reported robust fiscal year 2023 financial results, achieving all of its financial targets ahead of the planned merger of its Global Gaming and PlayDigital businesses with Everi Holdings Inc. IGT’s management remain optimistic, projecting new investment opportunities and stable growth. The Company Accomplished Record […]
Business
March 11, 2024
IGT Announces a Triumphant Return to Nevada
In a strategic move that signals the return of International Game Technology (IGT) to its roots, the company announced it would spin off its land-based and digital businesses, merging them with Everi Holdings. The $6.2 billion deal, expected to be finalized by late 2024 or early 2025, involves the creation of a new entity retaining […]
Business
March 5, 2024
IGT and Everi Take Action to Ease Investor Concerns Amid Merger Uncertainty
In the wake of the recent announcement regarding their proposed merger, executives from IGT and Everi have taken steps to allay investor concerns surrounding regulatory hurdles. IGT and Everi’s Merger Plans Face Scrutiny Last week, IGT unveiled plans to spin off its land-based and digital businesses, which would then merge with Everi Holdings in a […]
Business
March 1, 2024
IGT and Everi Embark on Transformative Merger
International Game Technology PLC (IGT) and Everi Holdings Inc. have entered into definitive agreements that will separate IGT’s Global Gaming and PlayDigital businesses. Following the spin-off, these entities will combine with Everi to create a dynamic global gaming and fintech enterprise. The transaction, valued at approximately $6.2 billion, is set to reshape the landscape of […]
Lottery
January 22, 2024
Virginia Lottery Extends and Enhances Partnership with IGT
The leading supplier of technology and solutions, powering gaming and lottery operators across the globe, International Game Technology (IGT), announced a partnership extension with the Virginia Lottery. Announced Monday, the new collaboration extends the partnership between the duo for three years through October 2033. IGT confirmed that the deal was signed between the Lottery and […]
Lottery
January 17, 2024
IGT Confirms Partnership Extension with the UK National Lottery
The leading provider of technology, powering lotteries across the globe, International Game Technology (IGT), announced an important partnership extension. On Wednesday, the company confirmed it agreed to extend its contract for the provision of its lottery system for the UK National Lottery. The announcement comes ahead of the switch of the Lottery license from Camelot […]
Industry
January 10, 2024
IGT Discontinues National Lottery-Related Appeal
International Game Technology (IGT), a leading supplier of products and solutions to the global casino industry, has discontinued its appeal against the High Court’s decision to stop it from pursuing damages from the UKGC. For reference, IGT disagreed with the regulator’s decision to select Allwyn as the next National Lottery operator and claimed that Camelot’s […]
Business
January 5, 2024
IGT’s Stock Rating Lowered amid Ongoing Strategic Review
The globally recognized gaming company, International Game Technology (IGT), observed a dip in its shares after its stock rating was downgraded Thursday. The decision to downgrade the stock by Jefferies came amid concerns about the slow progress of the announced strategic review by IGT. This saw Jefferies downgrade its rating for the leading gaming company […]
Business
November 17, 2023
G4 Re-Certifies Two of IGT’s Divisions
International Game Technology, a global leader in the provision of gaming tech and solutions, announced that it has once again achieved responsible gaming certification for two of its divisions. According to the company, its Global Gaming and PlayDigital operations continue to boast accreditation from the Global Gambling Guidance Group (G4). G4 is a group that […]
Legal
November 17, 2023
USPTO Says Acres Did Not Violate IGT’s Patents
Casino tech expert Acres has dealt the international software supplier IGT a major defeat after the United States Patent and Trademark Office (USPTO) ruled in the former company’s favor during a patent dispute. IGT had alleged that Acres’ Foundation casino management system violated IGT’s patents. For reference, the Foundation product offers casino management solutions to […]