Why the price increased by 1.33%

  • The share price of International Game Technology PLC (NYSE: IGT) rose 1.33% in the last trading session. That is why.

The share price of International Game Technology PLC (NYSE: IGT) rose 1.33% in the last trading session. Investors have responded positively to International Game Technology by announcing that its subsidiary IGT Canada Solutions ULC has signed a contract with the Atlantic Lottery Corporation (ALC) to supply 1,375 CrystalDual® 27 Video Lottery Terminals (VLTs) during the rest of the year.

As part of the deal, IGT will launch VLTs with high-performing themes, including The Wild Life, Big City 5’s, The Big Easy, and Royal Spins Deluxe. And IGT will roll out The Price Is Right VLT content in 2023. Inspired by North America’s highest-rated daytime game show, The Price is Right is among the most recognizable brands in IGT’s game library.

The CrystalDual 27 VLT has 2 high definition screens providing optimal graphics for gamers. And the terminal features a first-class audio package, an ergonomic design, and a mobile device charging port to deliver exceptional gaming experiences.

KEY QUOTES:

“IGT has provided engaging cabinets and content that have proven to entertain VLT players across Atlantic Canada for over 30 years. Increasing the number of new VLTs in ALC game rooms with popular IGT themes allows us to deliver on our promise to provide our players with the most compelling gaming experiences.

— Patrick Daigle, President and CEO of SLA

“The versatility of IGT’s CrystalDual 27 VLT allows ALC to continue to modernize its gaming offering and provide gamers with the best content suitable for the market. These 1,375 CrystalDual 27 units, in addition to the more than 350 that are already in the ALC market, reinforce our commitment to the growth of the Lottery and elevate the game in the region with high performance hardware.

— David Flinn, IGT SVP, Canada, South and Central America

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.


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