International Game Technology PLC (IGT), formerly Gtech S.p.A. and Lottomatica S.p.A., is a multinational gambling company that produces
slot machine
A slot machine, fruit machine (British English), poker machine or pokie (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers.
A slot machine's standard layout features a screen disp ...
s and other gambling technology. The company is headquartered in
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
, with offices in
Rome
Rome (Italian language, Italian and , ) is the capital city and most populated (municipality) of Italy. It is also the administrative centre of the Lazio Regions of Italy, region and of the Metropolitan City of Rome. A special named with 2, ...
,
Providence, Rhode Island
Providence () is the List of capitals in the United States, capital and List of municipalities in Rhode Island, most populous city of the U.S. state of Rhode Island. The county seat of Providence County, Rhode Island, Providence County, it is o ...
, and
Las Vegas
Las Vegas, colloquially referred to as Vegas, is the most populous city in the U.S. state of Nevada and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and second-l ...
. It is controlled, with a 42 percent stake, by
De Agostini
De Agostini S.p.A. is an Italian holding company that coordinates the strategic operating companies De Agostini Editore, De Agostini Communications, International Game Technology, IGT, and DeA Capital, and makes financial investments, among w ...
,
which had acquired a majority stake in Lottomatica in 2002.
The company began in Italy as Lottomatica. It acquired
Gtech Corporation
GTech Corporation was a Gambling, gaming technology company based in Providence, Rhode Island, Providence, Rhode Island, United States. It was acquired in 2006 for $4.5 billion by Lottomatica of Italy, which later rebranded as GTECH in the U.S. ...
in 2006, with its long history of scandals,
[ and then changed its own name to Gtech in 2013. In 2015, the company acquired American gambling company ]International Game Technology
International Game Technology PLC (IGT), formerly Gtech S.p.A. and Lottomatica S.p.A., is a multinational gambling company that produces slot machines and other gambling technology. The company is headquartered in London, with offices in Rome, ...
and again adopted the acquired company's name as its own.
In 2025, the company is poised to spin-off
Spin-off, Spin Off, Spin-Off, or Spinoff may refer to: Entertainment and media
*Spinoff (media), a media work derived from an existing work
*''The Spinoff'', a New Zealand current affairs magazine
* ''Spin Off'' (Canadian game show), a 2013 Canad ...
its gaming division for a merger with Everi, with the new gaming entity to be majority-acquired by Apollo Global Management
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...
, while De Agostini Group retains a minority stake in the new company, which will also acquire the International Game Technology (IGT) name. Pending regulatory approvals; IGT's remaining lottery business will be spun-off into a new entity and renamed following the transaction, continuing to trade on the NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
, under new call letters.[
]
History
The company began as ''Consorzio Lottomatica'', an Italian lottery operator. De Agostini
De Agostini S.p.A. is an Italian holding company that coordinates the strategic operating companies De Agostini Editore, De Agostini Communications, International Game Technology, IGT, and DeA Capital, and makes financial investments, among w ...
, a family-owned conglomerate in Italy, acquired a majority stake in Lottomatica in 2002.
In 2006, Lottomatica acquired Gtech Corporation
GTech Corporation was a Gambling, gaming technology company based in Providence, Rhode Island, Providence, Rhode Island, United States. It was acquired in 2006 for $4.5 billion by Lottomatica of Italy, which later rebranded as GTECH in the U.S. ...
, a Rhode Island
Rhode Island ( ) is a state in the New England region of the Northeastern United States. It borders Connecticut to its west; Massachusetts to its north and east; and the Atlantic Ocean to its south via Rhode Island Sound and Block Is ...
-based lottery and gaming technology company, which it ran as a U.S. subsidiary, changing its name to Gtech S.p.A. in 2013.
IGT was listed as a creditor in 2014, when Atlantic City
Atlantic City, sometimes referred to by its initials A.C., is a Jersey Shore seaside resort city in Atlantic County, in the U.S. state of New Jersey.
Atlantic City comprises the second half of the Atlantic City- Hammonton metropolitan sta ...
casino owner Trump Entertainment Resorts
Trump Entertainment Resorts, Inc. was a gambling and hospitality company. The company previously owned and operated the now-demolished Trump Plaza and Trump World's Fair (both in Atlantic City), the now-closed Trump Marina, Trump Casino & Hot ...
declared its fourth bankruptcy.
In April 2015, Gtech acquired American company International Game Technology (1975–2015)
International Game Technology (IGT) was a former United States, American gaming company based in Las Vegas that manufactured and distributed slot machines and other gambling technology. It was acquired in 2015 by GTECH S.p.A., GTECH for $6.4 bill ...
, the world's largest slot machine manufacturer, for $6.4 billion, including $4.7 billion in cash and $1.7 billion in assumed debt. The companies combined under a new holding company based in the United Kingdom, and the Gtech name was replaced International Game Technology.
The company was fined $500,000 by the United States Securities and Exchange Commission
The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...
(SEC) under the Dodd-Frank Act in 2016, for having illegally fired an internal whistleblower
Whistleblowing (also whistle-blowing or whistle blowing) is the activity of a person, often an employee, revealing information about activity within a private or public organization that is deemed illegal, immoral, illicit, unsafe, unethical or ...
after the employee reported financial statements irregularities to senior management.
In April 2017, IGT announced an agreement to sell its subsidiary Double Down Interactive LLC To DoubleU Games as a means to establish a partnership in the social casino market.
In 2017 GTECH operated jackpots in 100 countries, while continuing to be "the subject of controversies stretching back decades."
In February 2022, IGT announced their expansion into Washington state via a multi-year deal with the Kalispel tribe
The Pend d'Oreille or Pend d'Oreilles ( ), also known as the Kalispel (), are Indigenous peoples of the Northwest Plateau. Today many of them live in Montana and eastern Washington of the United States. The Kalispel peoples referred to their ...
.
In March 2022, International Gaming Technology's subsidiary IGT Global Services announced their six-year partnership agreement with Singapore Pools Limited.
In April 2022, International Games Technology announced their deal to acquire igaming content provider iSoftBet for approximately €160 million.
In February 2024 the company announced it would spin-off
Spin-off, Spin Off, Spin-Off, or Spinoff may refer to: Entertainment and media
*Spinoff (media), a media work derived from an existing work
*''The Spinoff'', a New Zealand current affairs magazine
* ''Spin Off'' (Canadian game show), a 2013 Canad ...
its non-lotto businesses tax-free, and then immediately merge the new entity with Everi. Apollo Global Management
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...
subsequently announced its plan to purchase the newly formed entity. The remaining lotto business would assume a name different than IGT, with IGT changing its name, and continuing to trade on the NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
under a new ticker symbol, and the merged gaming entity acquiring the International Gaming Technology (IGT) name. The newly expanded IGT will remain based in Las Vegas
Las Vegas, colloquially referred to as Vegas, is the most populous city in the U.S. state of Nevada and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and second-l ...
, to be led by IGT CEO Vince Sadusky, with a new CEO to be appointed to lead the former IGT entity.
The agreement was formalized that July 26, pending regulatory approvals. After Apollo stepped in to acquire the merging company, Sadusky was ousted. and, in December 2024, it was announced that CEO Hector Fernandez would resign from Aristocrat Gaming
Aristocrat Leisure Limited is an Australian gambling machine manufacturer, which has its administrative and research headquarters in the Sydney suburb of North Ryde. It has marketing and development offices in South Africa, Russia and the Unit ...
to become CEO of the newly re-formed International Games Technology, following the gaming division merger with Everi. Sadusky will lead the remaining spun-off lottery operations business, under its new name.[ ]De Agostini
De Agostini S.p.A. is an Italian holding company that coordinates the strategic operating companies De Agostini Editore, De Agostini Communications, International Game Technology, IGT, and DeA Capital, and makes financial investments, among w ...
is to retain a minority stake in the expanded company.
Lawsuits, investigations and controvery
"Wheel-of-Fortune" slots class-action, 2025
A class action
A class action is a form of lawsuit.
Class Action may also refer to:
* ''Class Action'' (film), 1991, starring Gene Hackman and Mary Elizabeth Mastrantonio
* Class Action (band), a garage house band
* "Class Action" (''Teenage Robot''), a 2002 e ...
lawsuit was filed in the Nevada
Nevada ( ; ) is a landlocked state in the Western United States. It borders Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. Nevada is the seventh-most extensive, th ...
U.S. District Court
The United States district courts are the trial courts of the U.S. federal judiciary. There is one district court for each federal judicial district. Each district covers one U.S. state or a portion of a state. There is at least one feder ...
against IGT and several casino companies on November 21, 2024, alleging that IGT's Wheel of Fortune-themed slot machines are rigged, and that the company, along with complicit casino operators, defrauds participants.
Texas Lottery
First as GTECH, and subsequently as IGT, the company has operated Texas Lottery
The Texas Lottery is the government-operated lottery available throughout Texas. It is operated by the Texas Lottery Commission, headquartered in Downtown Austin, downtown Austin, Texas. The lottery and its operator, International Game Techno ...
since its launch in 1992. In 2012, the company's contract was estimated at about $100 million annually, making GTECH the fourth-largest vendor to the state of Texas.
On February 14, 2025, International Game Technology subsidiary IGT Solutions was named in a class-action
A class action
A class action is a form of lawsuit.
Class Action may also refer to:
* ''Class Action'' (film), 1991, starring Gene Hackman and Mary Elizabeth Mastrantonio
* Class Action (band), a garage house band
* "Class Action" (''Teenage R ...
lawsuit alleging that defendants had "manipulated the Texas Lottery
The Texas Lottery is the government-operated lottery available throughout Texas. It is operated by the Texas Lottery Commission, headquartered in Downtown Austin, downtown Austin, Texas. The lottery and its operator, International Game Techno ...
system to ensure a fraudulent win in the April 22, 2023, Lotto Texas drawing", allowing a foreign criminal organization to claim a $57.7 million lottery prize. Members of the Texas Lottery Commission were later grilled by the Texas Senate
The Texas Senate is the upper house of the Texas Legislature, with the Texas House of Representatives functioning as the lower house. Together, they form the State legislature (United States), state legislature of the state of Texas.
The Senate ...
Finance Committee, alleging their possible facilitation of money laundering amid a "long-running fraud scheme".
On February 27, 2025, campaign finance records revealed Texas Lottery Commission alleged contract violations by IGT Solutions Corporation, which is barred from political donations in Texas. According to Transparency USA, IGT has donated over $280,000 to several of the state's political caucuses since 2015, to directly and indirectly influence
Influence may refer to:
*Social influence, in social psychology, influence in interpersonal relationships
**Minority influence, when the minority affect the behavior or beliefs of the majority
Science and technology
*Sphere of influence (astrody ...
state policymakers; funding a 2017 inauguration event concert for then-Governor Rick Perry
James Richard Perry (born March 4, 1950) is an American politician who served as the 14th United States secretary of energy from 2017 to 2019 in the first administration of Donald Trump. He previously served as the 47th governor of Texas fr ...
; and acting as a title sponsor for Texas Governor Greg Abbott
Gregory Wayne Abbott ( ; born November 13, 1957) is an American politician, attorney, and jurist who has served since 2015 as the 48th governor of Texas. A member of the Republican Party (United States), Republican Party, he served from 2002 to ...
’s February 2025 State of the State address. The Texas Lottery Commission determined that IGT’s contributions to state legislative caucuses are a violation of contractual language that forbids a party to "knowingly make a gift, loan or political contribution, either directly or indirectly, to any Texas State Officer or a member of the Texas State Legislature", and levied a $180,000 fine against the company. IGT disagreed with TLC’s interpretation of this contract provision and filed a request for declaratory relief, asking the court for clarity on the contractual language in question.
Abbott, whose staff has included current and former IGT lobbyists, directed the commission to ignore the legislature's 2024 instruction to ban lottery ticket resellers. On February 28, the Texas Senate voted to ban all reseller services from participating in the purchase of lottery tickets.
''Rigged: How the Lottery is Playing Texans'' 2025 documentary
In March 2025, '' Texas Scorecard'' released a documentary film, ''Rigged: How the Lottery is Playing Texans'', outlining corrupt practices by Texas Lottery
The Texas Lottery is the government-operated lottery available throughout Texas. It is operated by the Texas Lottery Commission, headquartered in Downtown Austin, downtown Austin, Texas. The lottery and its operator, International Game Techno ...
alleging that it has operated fraudulently through IGT, and via couriers adopted as resellers, despite state law specifying that Texas Lottery must be "played in-person, with cash, at a brick-and-mortar location conducting regular business."
''Texas Scorecard'' asserts that "Texas Lottery has been plagued by scandal ever since its inception: corrupt vendors; illegal ticket sales; overseas payouts; rigged jackpots" (1:25) and that "the game is rigged" (1:50), citing examples. Texas Lottery Commission officials are revealed as complicit with its long-term sole operator International Game Technology (IGT),[ formerly GTECH.][
]
References
External links
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{{authority control
Gambling companies of the United Kingdom
Manufacturing companies based in London
Companies based in the City of Westminster
Gambling companies established in 1990
Companies listed on the New York Stock Exchange
Electronics companies established in 1990
1990 establishments in England
Slot machine manufacturers