IGT recognized at Global Gaming Awards, European Casino Awards and International Gaming Awards

International Game Technology announced it has been recognized with several top honors in three award programs: the Global Gaming Awards London, European Casino Awards, and International Gaming Awards. The events were all held in conjunction with major global expo ICE London, which is coming to an end today, Thursday.

IGT was named the Casino Supplier of the year for the third consecutive year during the annual EMEA-focused Global Gaming Awards. And during the International Gaming Awards, the company took home the Lottery Product of the Year award for its Progressive eInstants. 

Meanwhile, the company’s PeakSlant 49 cabinet was distinguished at the European Casino Awards with the Best Slot Machine award, in an event where the business also received the “Best Diversity and Inclusion Employer” recognition for a second consecutive edition.

Renato Ascoli

Renato Ascoli, IGT CEO Global Gaming, said: “IGT’s victories at the Global Gaming Awards London, European Casino Awards and International Gaming Awards recognize excellence across our product and solutions portfolio, and the diverse talent that provides the ingenuity behind our brand.”

Earning these awards reflects our commitment to establishing a progressive and performance-driven culture that demonstrates industry leadership through delivering exceptional entertainment and dedicated service to our global customers,” he pointed out. 

Fabio Cairoli, IGT CEO Global Lottery, added: “As the global leader in lottery, IGT being awarded ‘Lottery Product of the Year’ at the International Gaming Awards for progressive eInstants reinforces our commitment to delivering world-class digital solutions to customers.” 

As reflected by this award, our vast iLottery content library provides diversified gameplay options and compelling content for players, backed by an exceptional development team dedicated to remaining on the leading edge of innovation,” he concluded. 

IGT at ICE London 2023

The news comes days after IGT announced that, along with its subsidiary IGT Lottery, they have obtained a long-term issuer rating of BB+ with a stable rating outlook and a rating of BBB- to their long-term senior secured debt from Fitch Ratings.

According to Fitch’s published report, the issuer rating reflects IGT’s conservative leverage, which improved meaningfully from pre-pandemic levels primarily because of debt reduction funded by proceeds from the sales of non-core businesses and strong free cash flow generation.

The company claims the strong credit profile ‘positions IGT favorably’ to continue funding slot machine development and shareholder returns and absorb potential future cash demands related to lottery concessions. The rating also considers IGT’s leading share in core gaming end markets, specifically lottery.