IGT slot games provider
International Game Technology (IGT), originally founded as A-1 Supply by William Si Redd in 1975 and later renamed Sircoma in 1978, officially became International Game Technology in 1981. Initially specializing in physical slot machines, IGT was a pioneer in computerized player tracking, linked progressive jackpots, and branded games. The company went public on NASDAQ in 1981 and was listed on the NYSE in 1991, subsequently expanding internationally with offices in Argentina and South Africa by 1994. IGT also acquired gaming companies like WagerWorks in 2005 and Double Down Interactive in 2012. In 2014, Gtech acquired IGT for $6.4 billion, forming International Game Technology PLC. Today, IGT is a major player in both land-based and online slot machines, present in over 300 casino websites, employing over 12,000 people, and operating in more than 100 countries.
- Chief Executive Officer: Vincent L. Sadusky (since January 2022)
- Date of foundation: 1981
- Headquarters: 3rd Floor 10 Finsbury Square, London, England, EC2A 1AF
- Number of employees: 10,786
- Revenue: $4.27 B (2022)
- Subsidiaries: IGT-Europe B.V., IGT Japan, K.K., IGT-UK Limited
- Game Categories: Gaming, Lottery, Digital, Betting Products
List of awards
Income
International Game Technology PLC (IGT) achieved a record operating income of $922 million in 2022, with its annual revenue reaching $4.225 billion, marking a 3.33% increase from 2021. However, the net income for 2022 was $275 million, showing a significant decline of 42.95% from the previous year. For the twelve months ending June 30, 2023, IGTs revenue further increased to $4.268 billion, representing a 3.97% year-over-year growth. The net income for the quarter ending June 30, 2023, was reported at $46 million. The revenue forecast for 2023 is estimated to be around $4.28 billion.
Collaboration
- iSoftBet: IGT acquired iSoftBet, an igaming content provider, for approximately €160 million, significantly expanding its gaming content and technology portfolio.
- Kalispel Tribe: IGT expanded its operations in Washington state through a partnership with the Kalispel Tribe, allowing it to supply gaming technology to the tribes casinos.
- Singapore Pools: IGT secured a six-year contract with Singapore Pools, a state-owned lottery company in Singapore, to provide lottery technology and services.
- UBetOhio: IGT collaborated with UBetOhio to deliver its IGT PlaySports™ technology in Ohio, enhancing UBetOhios sports betting equipment and services.
List of licenses
Key persons
Marco Sala – Executive Chair of the Board, Executive Director
Vincent L. Sadusky – Chief Executive Officer Executive Director
Renato Ascoli – Chief Executive Officer, Global Gaming
Massimiliano Chiara – Chief Financial Officer, Director Executive VP
Fabio Celadon – Executive Vice President, Strategy and Corporate Development
