IGT said it increased its full-year 2024 guidance after first-quarter results, with revenue expected to reach approximately $4.4bn. The company reported Q1 revenue of $1.07bn, up 1% year on year, and forecast an operating income margin of about 21% for 2024, or 24% excluding separation and divestiture costs.
IGT’s higher revenue outlook and margin expectations give investors updated benchmarks alongside its first-quarter results.
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Macau’s Gaming Inspection and Coordination Bureau approved three IGT game versions for supply in the market on 30 October. Two versions also meet the city’s jackpot-system standard; the approvals do not specify installation dates or machine numbers.
Macau’s casino regulator has cleared three more IGT slot titles, including two designed for the supplier’s RISE55 cabinet. The Gaming Inspection and Coordination Bureau listed Treasure Blast Balloon, San Xing Gao Zhao – Fu Qi Chong Tian and Magic Rockets Tiger under IGT Asia – Macau Ltd, with an approval date of 30 October. The specified versions can be supplied in Macau under the approvals.
Bluberi has appointed Kate Lowenhar-Fisher as chief legal and compliance officer, the company said. She will lead its legal and compliance functions as it expands in North America and advances its digital gaming strategy. Lowenhar-Fisher previously held executive roles at IGT and Everi Holdings.
Bluberi named Kate Lowenhar-Fisher to the post of chief legal and compliance officer, according to the company. In the role she will head the legal and compliance functions while the company widens its North American footprint and pushes forward with its digital gaming strategy.
IGT and MGM Springfield launched Massachusetts’ first wide-area progressive slot games on 3 November, the companies announced. The casino’s Wheel of Fortune zone features 20 games with jackpot reset values ranging from $200,000 to $1.125 million.
Bluberi appointed David Bollesen as senior vice-president of US Studios, where he will lead teams in Reno, Austin, Las Vegas and Atlanta. The company said Bollesen previously held senior product and studio roles at Ainsworth Game Technology and IGT.
IGT reported $4.3 billion in revenue for 2023, up 2% year on year, and $1.1 billion for the fourth quarter, up 3%. Global Gaming revenue increased 9% to $1.6 billion for the year, while PlayDigital revenue rose 10% to $228 million. IGT said its merger of the gaming and PlayDigital businesses with Everi was expected to close in late 2024 or early 2025.