Tag Archives: International Game Technology (IGT)

IGT records 25% Q1 revenue growth following B2C sale

International Game Technology (IGT) has reported revenue growth of 25% for Q1 2021, attributed to structural cost savings, continued player demand and the sale of its Italian B2C business to Gamenet Group. Overall group revenue rose to $1.01bn (2020: $814m). Although the figure still represents a 11.3% decrease from the $1.14 billion in 2019, the group remains hopeful that it …

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IGT ‘prudent on recovery’ as company absorbs H1 losses of $291m

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

International Game Technology (IGT) cited the ‘intense impact’ of casino and gaming hall closures on its business, as the New York-listed gambling technology group recorded H1 2020 operating losses of $291 million. Absorbing Q2 double-digit declines across its core business segments of lotteries, International, North America and Italy, IGT recorded a 48% decline in revenues, falling from $1.23 billion in …

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IGT secures major FanDuel retail sportsbook agreement

International Game Technology (IGT) has secured its biggest US wagering partnership to date, becoming the lead sports betting and igaming platform provider for FanDuel Group’s retail sportsbook properties until September 2024. The deal sees IGT expand its existing platform arrangement with FanDuel, which to date has covered nine US regulated states since 2018’s repeal of PASPA laws, including FanDuel’s flagship …

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IGT secures long-term deal with Sazka

International Game Technology (IGT ) has confirmed that it has secured a long-term lottery technology agreement with Czech gambling conglomerate Sazka Group. As part of the partnership, IGT will provide technology products and services via an upgraded lottery central system, as well as its lottery terminals, digital lottery platform and associated content and services. Sazka will also gain access to …

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