International Gaming Technology was established in America back in the 1950s to offer poker machine videos. This technology was then improved in 1984 to cater to loyalty programs for casinos.
This move created an edge on players and players were then catered for better. Later, IGT developed a slot system known as Nevada Megabucks that had a jackpot of $1 million
IGT (Wager Works) Growth, Awards, and Merger
On launching a slot system (Nevada Megabucks), IGT was awarded the most innovative technology by the United State Senate of productivity in 1989.
This motivated the company and one year later, the IGT released the first-ever themed slot system called Double Diamond as well as Red, White and Blue slots. This innovation led to IGT listing on NYSE.
Being a publicly traded company placed IGT in a competitive edge and led to further growth of the technology. The growth was so rapid, in two years time, that IGT opened its doors in Europe and Japan.
Both companies had a big public trust and were accepted in NYSE. Later, IGT introduced the Wheel of Fortune slot and in 2005, they bought Wager Works.
IGT (Wager Works) Operations
Most of Europe and the United States casinos use International Gaming Technology systems. This is a huge market share for the company.
However, almost 100% of all the casinos not on Gamstop in the UK that uses IGT platform are UK based despite the fact that IGT offices are in America. This is as a result of strict regulations on gambling in the United State.
Nevertheless, IGT is still the leading designer of American market slot machines. Most of the competitors in this industry withdrew in the US market due to complications in renewing the gambling licenses.
These companies included Microgaming and Polytech. Most casinos use IGT’s software together with other providers to offer slot game support, live casino services as well as 3D games.
IGT Gaming is designed with the customer’s success in mind. Through advanced engineering and innovative premier content, they are able to build a great gaming experience for players. IGT also has leading hardware and software solutions.
The systems are designed in the current state with clear future goals. This gives the company an edge to remain competitive and relevant in the industry.
Games are designed in a smoother, reliable, efficient, cost-effective and profitable system that gives the company an edge and at the same time keeps players enjoying the games.
The company invests a lot in innovation and development projects and at the same time attracting players lives through jackpots and entertainment. All the investments are made to operators that partner with IGT.
IGT has modernised and revolutionised the lottery industry through a 6-factor system that monitors and mirrors the lottery ecosystem value chain. These factors include; Aurora, Touchpoints, Bizapps, Content, People, Lottery blog, and case studies.
This strategy is sustainable as it observes social, economic and environmental responsibilities. These factors are powerful because they transform and grow the lottery industry.
Through touchpoints, players are engaged in all activities and are able to define their journey in a convenient and efficient manner.
Through Bizapps, daily lottery activities are easy to monitor through efficient, reliable and easy to use tools. Case studies and customer support keeps the system growing at a very fast rate and more players develop confidence in a lottery.
Based on the rich history and advanced systems, Wager Works made the right move joining the effort with IGT. The company has established resources and market share hence its potential to grow is still big.
Through smart work, innovation and dedication the company has made the casino industry and its offer more efficient and cost-effective, as well as mobile and user-friendly.
Last Updated on April 4, 2023 by editor