International Game Technology
Industry	Gaming Technology
Fate	Acquired by Gtech
Successor	International Game Technology
Founded	1975
Founder	William Redd
Defunct	2015
Headquarters	Las Vegas, Nevada
Products	Slot machines, Online gambling

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International Game Technology (IGT) was an American gaming company based in Las Vegas that manufactured and distributed slot machines and other gaming technology. It was acquired in 2015 by Gtech, which then adopted the IGT name for itself.

History[edit]

1975–1990[edit]

IGT was founded as A-1 Supply by William 'Si' Redd in 1975.^[1] It changed its name to Sircoma in 1978, and then to International Game Technology in 1981.^[1] The company went public in 1981.^[2] A deciding factor in IGT's decision to go public occurred a few years earlier with the success of its video poker machine gaming product.^[3] This product served as a 'foot in the door' for the company into several gaming arenas.

In 1984, IGT acquired Electronic Data Technologies making the company one of the first to use the computerized player tracking concept and later instrumental in the proliferation of 'frequent-player rewards' programs, which remain popular in casinos to this day. This initial system gave casinos a new marketing tool in player management. Over time, the tracking system evolved into the company's IGT Advantage^[4] and sbX^[5] systems.

After IGT's initial public offering and listing on NASDAQ, the company debuted many new technologies over several years. A number of products resulted from this process including the S-Slot, which marked the company's entrance into the microprocessor-driven spinning-reel slot market; and the Player's Edge video poker machine. In addition, the company introduced the Nevada Megabucks slot machine, the world's first wide area progressive slot machine system. With an initial base top jackpot of $1 million, this new game allowed for million-dollar player payouts for casinos on the system. During this time, IGT also established an Australian office to focus on the country's club market.

American Original Slot Machine Las Vegas Casino

IGT's Las Vegas office

IGT's Reno office

1991–2000[edit]

In January 1991,^[6] a decade after its initial public offering, IGT was listed on the New York Stock Exchange (NYSE). The following year IGT Europe was established to service casinos across the continent. In 1994, international expansion continued with the opening of new sales and service offices in Argentina and South Africa. The NYSE^[6] also listed IGT as a top-performing stock that year.

Late in 1996, IGT debuted the Wheel of Fortune progressive slot.^[7] This game continues to be one of the most popular gaming machines of all time. The Game King video product^[8] featuring multi-denomination technology also was introduced during this time.

Two key acquisitions were made in 1998. They included Barcrest Gaming, located in the United Kingdom, and Sodak Gaming, IGT's gaming distributor for the Native American market.

In 1998, IGT introduced Triple Play Draw Poker through its partnership with Action Gaming;^[9] and the Elvis themed slot machine. The new S2000 spinning reel slot machine system was brought to market in 1999.^[10]

2001–2012[edit]

In 2001, IGT became a member of Standard & Poor's 500 list. The company also continued to acquire gaming companies including Silicon Gaming and Anchor Gaming. The acquisition of Anchor Gaming resulted in doubling gaming operations revenue.^[11]

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During 2003, IGT acquired Acres Gaming. The company's bonusing and systems technology were a significant addition to IGT's games and systems products.^[11] In 2004, the company introduced its central determination system (CDS) as well as its Class II bingo games and systems to the Native American market. IGT Canada was established to serve the emerging Canadian lottery and gaming markets.^[12]

In 2005, IGT celebrated its 25th anniversary as a publicly traded company and also acquired WagerWorks for its online gaming technology.^[13] It was also the year the company unveiled its first multi-level progressive MegaJackpots product, Fort Knox.^[14] In an effort to take advantage of emerging markets, new IGT offices were opened in Macau, Mexico and Russia.

Group play and community bonus games were introduced to the marketplace in 2006 with the debut of Wheel of Fortune Special Edition.^[14] The company also celebrated the 10th anniversary of the most popular gaming machines ever made, Wheel of Fortune slots,^[15] and the 20th anniversary of the Megabucks wide area progressive game.

During the Global Gaming Expo in Las Vegas in 2006, IGT unveiled the M-P Series. The new multi-player concept focused on roulette and baccarat and was the first of the company's electronic multi-player table game products.^[16]

In 2007, IGT worked to grow their Mexican gaming operation and product sales in the Japanese and Asian markets. In addition, a new IGT office was opened in China. Two intellectual property arrangements were also announced, these included an arrangement with Austrian-based Novomatic focusing on IGT's M-P Series multi-player product^[17] and with PureDepth, Inc. for its 3D-like, Multi-Layer Display (MLD) technology.^[18]

IGT opened the Global Technology & Interoperability Center in Reno, Nevada early in 2008. This first-of-its-kind research and testing center encompasses a 6,500-square-foot (600 m²) facility, which is available for use by gaming manufacturers, customers and third-party gaming products manufacturers. The collaborative center focuses on product testing in a true-to-life casino atmosphere prior to market rel