# International Game Technology

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This article is about the merged gaming company formed in 2015. For the previous entities, see [International Game Technology (1975–2015)](/source/International_Game_Technology_(1975%E2%80%932015)). For and, see [GTECH Corporation](/source/GTECH_Corporation).

**International Game Technology PLC** (**IGT**), formerly **Gtech S.p.A.** and **Lottomatica S.p.A.**, is a multinational gambling company that produces [slot machines](/source/Slot_machine) and other gambling technology. The company is headquartered in [London](/source/London), with offices in [Rome](/source/Rome), [Providence, Rhode Island](/source/Providence,_Rhode_Island), and [Las Vegas](/source/Las_Vegas). It is controlled, with a 42 percent stake, by [De Agostini](/source/De_Agostini),[4] which had acquired a majority stake in Lottomatica in 2002.[5]

The company began in Italy as Lottomatica. It acquired [Gtech Corporation](/source/GTECH_Corporation) in 2006, with its long history of scandals,[6][7][8] and then changed its own name to Gtech in 2013. In 2015, the company acquired American gambling company [International Game Technology](/source/International_Game_Technology_(1975%E2%80%932015)) and again adopted the acquired company's name as its own.

In 2025, the company is poised to [spin-off](/source/Corporate_spin-off) its gaming division for a merger with [Everi](/source/Everi), with the new gaming entity to be majority-acquired by [Apollo Global Management](/source/Apollo_Global_Management), 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](/source/NYSE), under new call letters.[9]

## History

The company began as *Consorzio Lottomatica*, an Italian lottery operator.[10] [De Agostini](/source/De_Agostini), a family-owned conglomerate in Italy, acquired a majority stake in Lottomatica in 2002.[11]

In 2006, Lottomatica acquired [Gtech Corporation](/source/GTECH_Corporation), a [Rhode Island](/source/Rhode_Island)-based lottery and gaming technology company, which it ran as a U.S. subsidiary, changing its name to Gtech S.p.A. in 2013.[12]

IGT was listed as a creditor in 2014, when [Atlantic City](/source/Atlantic_City) casino owner [Trump Entertainment Resorts](/source/Trump_Entertainment_Resorts) declared its fourth bankruptcy.[13][14]

In April 2015,[15] Gtech acquired American company [International Game Technology (1975–2015)](/source/International_Game_Technology_(1975%E2%80%932015)), 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.[16][17]

The company was fined $500,000 by the United States [Securities and Exchange Commission](/source/Securities_and_Exchange_Commission) (SEC) under the [Dodd-Frank Act](/source/Dodd-Frank_Act) in 2016, for having illegally fired an internal [whistleblower](/source/Whistleblower) after the employee reported financial statements irregularities to senior management.[18]

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.[19][20]

In 2017 GTECH operated jackpots in 100 countries, while continuing to be "the subject of controversies stretching back decades."[21]

In February 2022, IGT announced their expansion into Washington state via a multi-year deal with the [Kalispel tribe](/source/Kalispel_Indian_Community_of_the_Kalispel_Reservation).[22]

In March 2022, International Gaming Technology's subsidiary IGT Global Services announced their six-year partnership agreement with Singapore Pools Limited.[23]

In April 2022, International Games Technology announced their deal to acquire igaming content provider iSoftBet for approximately €160 million.[24]

In February 2024 the company announced it would [spin-off](/source/Corporate_spin-off) its non-lotto businesses tax-free, and then immediately merge the new entity with [Everi](/source/Everi). [Apollo Global Management](/source/Apollo_Global_Management) subsequently announced its plan to purchase the newly formed entity. The remaining lotto business would assume a name different than IGT,[25] with IGT changing its name, and continuing to trade on the [NYSE](/source/NYSE) 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](/source/Las_Vegas), to be led by IGT CEO Vince Sadusky, with a new CEO to be appointed to lead the former IGT entity.[9]

The agreement was formalized that July 26, pending regulatory approvals.[26] After Apollo stepped in to acquire the merging company, Sadusky was ousted.[27] and, in December 2024, it was announced that CEO Hector Fernandez would resign from [Aristocrat Gaming](/source/Aristocrat_Gaming) to become CEO of the newly re-formed International Games Technology, following the gaming division merger with Everi.[28] Sadusky will lead the remaining spun-off lottery operations business, under its new name.[27] [De Agostini](/source/De_Agostini) is to retain a minority stake in the expanded company.[29]

## Lawsuits, investigations and controversy

### "Wheel-of-Fortune" slots class-action, 2025

A [class action](/source/Class_action) lawsuit was filed in the [Nevada](/source/Nevada) [U.S. District Court](/source/United_States_District_Court_for_the_District_of_Nevada) 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.[30]

### Texas Lottery

First as [GTECH](/source/GTECH_Corporation), and subsequently as IGT, the company has operated [Texas Lottery](/source/Texas_Lottery) 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.[31]

On February 14, 2025, International Game Technology subsidiary IGT Solutions was named in a [class-action](/source/Class-action) lawsuit alleging that defendants had "manipulated the [Texas Lottery](/source/Texas_Lottery) 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.[32] Members of the Texas Lottery Commission were later grilled by the [Texas Senate](/source/Texas_Senate) Finance Committee, alleging their possible facilitation of money laundering amid a "long-running fraud scheme".[33]

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](/source/Transparency_International), IGT has donated over $280,000 to several of the state's political caucuses since 2015, to directly and indirectly [influence](/source/Influence_peddling) state policymakers; funding a 2017 inauguration event concert for then-Governor [Rick Perry](/source/Rick_Perry); and acting as a title sponsor for Texas Governor [Greg Abbott](/source/Greg_Abbott)'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.[34][35]

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.[36] On February 28, the Texas Senate voted to ban all reseller services from participating in the purchase of lottery tickets.[37]

#### *Rigged: How the Lottery is Playing Texans* 2025 documentary

In March 2025, *[Texas Scorecard](/source/Texas_Scorecard)* released a documentary film, *Rigged: How the Lottery is Playing Texans*, outlining corrupt practices by [Texas Lottery](/source/Texas_Lottery) alleging that it has operated [fraudulently](/source/Lottery_fraud) through IGT, and via couriers adopted as resellers,[6] despite state law specifying that Texas Lottery must be "played in-person, with cash, at a brick-and-mortar location conducting regular business."[8]

*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),[6] formerly [GTECH](/source/International_Game_Technology_(1975%E2%80%932015)).[8]

## References

1. ["International Game Technology PLC 2020 Annual Report"](https://s28.q4cdn.com/582179329/files/doc_financials/annual/2020/0001619762-21-000010.pdf). *s28.q4cdn.com*. 31 December 2020. Retrieved 25 November 2021.

1. [*Form 20-F: Annual Report*](https://www.sec.gov/Archives/edgar/data/1619762/000110465916116304/a16-7442_120f.htm#Item17_FinancialStatements_084432). International Game Technology. 29 April 2016. p. 32. – via EDGAR.

1. ["IGT to Continue Providing Kansas State Lottery with Infrastructurel"](https://www.gamblingnews.com/news/igt-to-continue-providing-kansas-state-lottery-with-infrastructure/). *gmblingnews.com*. Retrieved 2025-03-05.

1. ["Approval of the Financial Statements at 31 December 2023 of De Agostini S.p.A."](https://gruppodeagostini.it/en/media/press-releases/approval-financial-statements-31-december-2023-de-agostini-spa). Gruppo De Agostini. July 3, 2024.

1. Newswires, Dow Jones (2002-01-14). ["Lottomatica Accepts Revised Bid From De Agostini for $1.04 Billion"](https://www.wsj.com/articles/SB1010745900593179880). *The Wall Street Journal*. [ISSN 0099-9660](https://www.worldcat.org/issn/0099-9660). Retrieved 2025-05-30.

1. ["Watch"](https://texasscorecard.com/watch/). *Texas Scorecard*. Retrieved 2025-05-30.

1. ["THE NUMBERS CRUNCHERS YOU THINK IT'S HARD TO WIN THE LOTTERY? TRY COMPETING AGAINST THE WORLD'S LEADING LOTTERY VENDOR, GTECH, WHICH ALMOST NEVER LOSES A CONTRACT FIGHT. IT PLAYS HARD, ALL RIGHT, BUT DOES IT PLAY FAIR? - November 11, 1996"](https://web.archive.org/web/20130707035254/http://money.cnn.com/magazines/fortune/fortune_archive/1996/11/11/218202). *money.cnn.com*. Archived from [the original](https://money.cnn.com/magazines/fortune/fortune_archive/1996/11/11/218202/) on 7 July 2013. Retrieved 2025-05-30.

1. Greer, Daniel (2025-02-19). ["Lt. Gov. Dan Patrick Exposes Illicit Lottery Ticket Reseller After $83M Jackpot Win"](https://texasscorecard.com/state/lt-gov-dan-patrick-exposes-illicit-lottery-ticket-reseller-after-83m-jackpot-win/). *Texas Scorecard*. Retrieved 2025-05-30.

1. Agarwal, Ananta (2024-02-29). ["International Game Technology to split lottery business from gaming unit"](https://www.reuters.com/markets/deals/international-game-technology-merge-two-units-with-everi-holdings-2024-02-29/). *Reuters*. Retrieved 2025-05-30.

1. Bansal, Mugdha (2024-10-03). ["IGT"](https://agicassociazione.it/en/igt-en/). *AGIC - Associazione Gioco e Intrattenimento in Concessione*. Retrieved 2025-05-30.

1. David McPherson (January 11, 2006). ["The Gtech Deal: The Acquirer"](https://infoweb.newsbank.com/apps/news/openurl?ctx_ver=z39.88-2004&rft_id=info%3Asid/infoweb.newsbank.com&svc_dat=AWNB&req_dat=1028A39C75C2B899&rft_val_format=info%3Aofi/fmt%3Akev%3Amtx%3Actx&rft_dat=document_id%3Anews%252F152427E6F0D63668). *Providence Journal*. – via NewsBank.

1. ["Lottomatica Changing Name to GTECH"](https://ggbmagazine.com/article/lottomatica-changing-name-to-gtech/). *Global Gaming Business*. March 1, 2013. Retrieved 2025-04-13.

1. Rothberg, Daniel (2016-10-21). ["Trump's ventures have long fueled business, controversy in Nevada"](https://lasvegassun.com/news/2016/oct/21/trump-business-controversy-nevada/). *Las Vegas Sun*. Retrieved 2025-05-30.

1. Associated Press (2014-12-28). ["2014 timeline of Atlantic City's battered casinos"](https://nj1015.com/2014-timeline-of-atlantic-citys-battered-casinos/). *New Jersey 101.5*. Associated Press. Retrieved 2025-05-30.

1. PLC (IGT), International Game Technology. ["GTECH And International Game Technology Complete Combination And Form The World's Leading End-To-End Gaming Company"](https://www.prnewswire.com/news-releases/gtech-and-international-game-technology-complete-combination-and-form-the-worlds-leading-end-to-end-gaming-company-300062044.html). *prnewswire.com*

1. Howard Stutz (15 July 2014). ["IGT sold in $6.4 billion deal with lottery giant GTECH"](http://www.reviewjournal.com/business/casinos-gaming/igt-sold-64-billion-deal-lottery-giant-gtech). *Las Vegas Review-Journal*. Retrieved 2014-07-16.

1. ["GTECH S.p.A. Announces Name Of New Company As "IGT" - Yahoo Finance"](https://web.archive.org/web/20150306212336/http://finance.yahoo.com/news/gtech-p-announces-name-company-201200896.html). Archived from [the original](https://finance.yahoo.com/news/gtech-p-announces-name-company-201200896.html) on 6 March 2015.

1. ChrisS. ["RI's Gaming Vendor IGT Hit with $500K SEC Penalty for Punishing Whistleblower"](https://www.golocalprov.com/business/international-game-technology-to-pay-half-a-million-dollar-penalty). *GoLocalProv*. Retrieved 2025-05-30.

1. PLC (IGT), International Game Technology. ["IGT Announces Agreement To Sell Double Down Interactive LLC To DoubleU Games As Part Of New Strategic Partnership In Social Casino"](https://www.prnewswire.com/news-releases/igt-announces-agreement-to-sell-double-down-interactive-llc-to-doubleu-games-as-part-of-new-strategic-partnership-in-social-casino-300440482.html). *prnewswire.com*

1. [Ontario Players Get Access to IGT PlayDigital Games at SkillOnNet Powered Casinos](https://casinorix.com/news/igt-playdigital-games-available-in-skillonnet-casinos-ontario/). CasinoRIX News. July 18, 2024.

1. ["Jackpot Tax Avoidance: how One Lottery Company Hides Its Billions"](https://ccij.io/article/jackpot-tax-avoidance-how-one-lottery-company-hides-its-billions/). *Center for Collaborative Investigative Journalism*. Retrieved 2025-05-30.

1. ["IGT expands in Washington state with Kalispel Tribe deal"](https://igamingbusiness.com/igt-expands-to-washington-state-with-kalispel-tribe-deal/). 18 February 2022. Retrieved 22 April 2022.

1. ["IGT signs six-year contract with Singapore Pools"](https://www.gamblinginsider.com/news/15672/igt-signs-six-year-contract-with-singapore-pools). *Gambling Insider*. 22 March 2022. Retrieved 1 April 2022.

1. ["IGT Enters into Definitive Agreement to Acquire iSoftBet"](https://europeangaming.eu/portal/latest-news/2022/04/13/112836/igt-enters-into-definitive-agreement-to-acquire-isoftbet/). *European Gaming*. 13 April 2022. Retrieved 20 April 2022.

1. Richard N. Velotta (February 29, 2024). ["Gaming giant IGT returning to Las Vegas in $6.2B merger with Everi"](https://www.reviewjournal.com/business/casinos-gaming/gaming-giant-igt-returning-to-las-vegas-in-6-2b-merger-with-everi-3009081/). *Las Vegas Review-Journal*. Retrieved 2024-03-03.

1. ["Form DEF 14A Everi Holdings Inc. For: Apr 18"](https://www.streetinsider.com/SEC+Filings/Form+DEF+14A+Everi+Holdings+Inc.+For%3A+Apr+18/24658184.html). *StreetInsider.com*. Retrieved 2025-05-30.

1. Marquez, Jess (2025-02-25). ["IGT posts slight declines in Q4, full-year results as it prepares for Everi merger"](https://igamingbusiness.com/finance/igt-q4-full-year-results/). *iGB*. Retrieved 2025-05-30.

1. ["Fernandez Resigns from Aristocrat to Head IGT/Everi"](https://ggbmagazine.com/article/fernandez-resigns-from-aristocrat-to-head-igt-everi/). *GGB Magazine*. Retrieved 2025-05-30.

1. Macedo, Nicole (2024-07-26). ["Apollo swoops in to acquire Everi and IGT gaming in $6.3bn deal"](https://igamingbusiness.com/strategy/ma/igt-everi-apollo-acquisition/). *iGB*. Retrieved 2025-05-30.

1. ["Lawsuit alleges Wheel of Fortune slot game bonus wheel is rigged"](https://www.reviewjournal.com/business/casinos-gaming/lawsuit-alleges-wheel-of-fortune-slot-game-bonus-wheel-is-rigged-3223525/). *Las Vegas Review-Journal*. 2024-12-06. Retrieved 2025-05-30.

1. Dexheimer, Eric. ["Gtech keeps hold on Texas State Lottery contract"](https://www.statesman.com/story/news/2012/09/01/gtech-keeps-hold-on-texas-state-lottery-contract/9790196007/). *Austin American-Statesman*. Retrieved 2025-05-30.

1. ["Texas Lottery executives say they didn't know of a scheme to win a $95M jackpot. Evidence casts doubt"](https://www.houstonchronicle.com/news/investigations/article/texas-lotto-executive-evidence-doubts-20191664.php). *houstonchronicle.com*. Retrieved 2025-03-05.

1. ["New lawsuit accuses former Texas Lottery director of fraud, manipulating game outcomes and misappropriating lottery funds"](https://www.kvue.com/article/news/local/texas/former-texas-lottery-director-fraud-manipulate-game-outcomes-misappropriate-funds/269-35ee9f0b-967a-40f0-b588-a1edcd126ec9). *www.kvue.com*. Retrieved 2025-03-05.

1. ["Texas Lottery Commission fines vendor $180,000 for political donations"](https://www.ktsm.com/news/texas-politics/texas-lottery-commission-fines-vendor-180000-for-political-donations/). *KTSM*. Retrieved 2025-05-30.

1. ["Austin American-Statesman Subscription Offers, Specials, and Discounts"](https://www.statesman.com/story/news/politics/2025/04/01/texas-lottery-commission-igt-fine-contractor-political-donations/82721631007/). *Statesman*. Retrieved 2025-05-30.

1. ["State Vendor IGT Violated Its Contract With the Texas Lottery Commission"](https://texasscorecard.com/state/state-vendor-igt-violated-its-contract-with-the-texas-lottery-commission/). *texasscorecard.com*. Retrieved 2025-03-05.

1. ["Texas Senate outlaws lottery courier services amid outrage at the Capitol"](https://www.cbsnews.com/texas/news/texas-senate-bans-lottery-courier-services-controversy/). *cbsnews.com*. Retrieved 2025-03-05.

## External links

- [Official website](http://https:/www.igt.com)

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Adapted from the Wikipedia article [International Game Technology](https://en.wikipedia.org/wiki/International_Game_Technology) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/International_Game_Technology?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.