International Gaming Technology, mostly known as IGT in the online gaming industry, is a casino software design company. IGY has won a place in the Olympus of the world’s largest online and land-based slot machines. IGT bought the rival WagerWorks in 2005, the merger created the largest online gaming company that was destined to reign on the slot market for a few years. Although the growth of the market itself and increasing competition have shown decrease in the contrel of IGT over the market, the company remains one of the largest and most powerful in the world.
As of now, IGT feature a catalog with more than 100 different online slots machine games, with dozens of online casinos operators using their software to provide their customers with the best of the top companies on the market. IGT is more than a slot designer in the Internet world!
Initially IGT was a slot machine designe company for traditional land based casinos. For example, The IGT Reel Touch slot collection is one of the most popular slot of land-based casinos. These slot machines uses touch screen technology, the technology invented and introduced by IGT, instead of old style buttons and levers. One of the factors of longevity of IGT is the cutting edge technology of their slot machines that incorporate all the most sought-after and popular features online by all players, such as stacked wilds, bonus game offers, free spins and jackpots.
IGT the well known gaming software provider
The IGT was founded by William Redd in 1975. The huge success in video poker is the decisive factor for IGT’s rise to power.
In 1984, IGT acquired Electronic Data Technologies, leading the company to become one of the first to use the concept of computerized tracking of players, popular in casinos today. This was the first of a series of new technologies launched on the market by the company. In addition, the company introduced the Nevada Megabucks slot machine, the world’s first progressive progressive slot machine system. With a first jackpot with an initial base of 1 million dollars, this new game involved payments of millions of dollars for all casinos in the system.
In January 1991, a decade after its market entry, IGT was listed on the New York Stock Exchange (NYSE). In 1994, international expansion continued with the opening of new sales and service offices in Argentina and South Africa.
In late 1996, IGT launched the Wheel of Fortune progressive slot which continues to be one of the most popular slot machines of all time.
In 1998 Barcrest Gaming, based in the United Kingdom, was acquired and Sodak Gaming, distributor of IGT games for the Native American market.
In 2001, International Gaming Technology acquired Silicon Gaming and Anchor Gaming, a move that led to a doubling of gaming revenue.
In 2005, IGT celebrated its 25th anniversary as a publicly traded company by acquiring WagerWorks and making its technology available for online slots.
During the Global Gaming Expo in Las Vegas in 2006, IGT presented the M-P series. The new concept of multiplayer, focused on roulette games and baccarat, was the first example of multiplayer gaming of online casino games.
In July 2014, the Italian company Gtech agreed to acquire the IGT for a total of 6.4 billion dollars. The companies were grouped into a new holding company based in the United Kingdom, maintaining the IGT name at the expense of Gtech.
Ironically, even if the IGT is listed on the New York Stock Exchange and the company is based in the United States, IGT online slots are not accessible to American players. This is because IGT decided to deny access to American customers after the establishment on the UIGEA game, which became law in 2006. However, the IGT games featured in traditional casinos are still open to American bets and are among the most popular in the United States.
Noting that International Gaming Technology is considered to be the largest slot maker in the world, many of the slot machines that you will find in online casinos on the planet will be part of the IGT family. The company has made and still makes good use of its popular presence in traditional casinos, covering many of its old warhorses in online versions.
The most common IGT games are those with progressive jackpots, which operate under the label of MegaJackpot Progressives.
Sex and the City, American Idol, Wheel of Fortune, Beverly Hillbillies, Elvis, Megajackpots and Monopoly are just some of the most famous slot machines produced by IGT. License agreements with companies that own these brands are obviously a big advantage for IGT over the competition. When players see a brand that they recognize on a slot machine, they are more likely to choose that game.
The continued expansion of the company in the online casino market, combined with the continued production of slot licenses with themes well known to the general public, suggests that the domination of the IGT sector will last much longer.