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.
Vincent L. Sadusky (since January 2022)
1981
3rd Floor 10 Finsbury Square, London, England, EC2A 1AF
10,786
$4.27 B (2022)
IGT-Europe B.V., IGT Japan, K.K., IGT-UK Limited
Gaming, Lottery, Digital, Betting Products
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.
Some of Net Ent gaming technologies and innovations include:
| License | Details |
|---|---|
| Gambling Commission License | IGT and ISB Albion Limited are licensed and regulated in Great Britain by the Gambling Commission under account numbers 41794 |
| Wheel of Fortune Licensing Rights | IGT has signed a ten-year licensing agreement with Sony Pictures Television that grants the Company exclusive rights to the legendary Wheel of Fortune brand across gaming, lottery, iGaming and iLottery |
| Patent Cross-Licensing Agreement with Greentube | IGT and Greentube have signed a patent cross-licensing agreement that includes valuable patents related to remote game server (RGS) technologies for providing games over a network |
| Patent Cross-Licensing Agreement with Aristocrat | IGT has signed a broad patent cross-licensing agreement with Aristocrat Leisure Limited that includes valuable patents related to game features and remote game server (RGS) technologies |
| Malta Casino License | The license authorizes IGT Malta Casino Ltd to offer Type 1 (Casino) Critical Gaming Supplies |
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
3rd Floor 10 Finsbury Square, London, England, EC2A 1AF
