International Game Technology (IGT) released their 2023 Sustainability Report this week.
The report showcased the company’s commitment to global sustainability and continued growth of its environmental, social and governance (ESG) performance, which is driven by its Sustainable Play initiatives.
IGT is one of the global lottery leaders. It has a number of partnerships with states with online lotteries in the US.
Along with promising business results, IGT CEO Vince Sandusky discussed the company’s ESG initiatives for the coming year in the report:
“The 2023 IGT Sustainability Report highlights our ongoing global sustainability initiatives that endeavor to positively impact our people and our planet, as we continue to demonstrate measurable progress towards our Sustainable Play initiatives. Since we published our first sustainability report 17 years ago, the great people of IGT continue to propel our initiatives forward by making sustainability an important part of their professional and personal lives.”
4 focuses for IGT in 2024
IGT’s 2023 Sustainability Report focuses on four key pillars for the company.
- Valuing and Protecting Its People: This establishes IGT’s dedication to creating a safe and inclusive work environment for its employees. IGT operates in nearly 60 countries worldwide.
- Advancing Responsibility: IGT is vowing to operate with the highest level of integrity. It is putting responsibility as a critical aspect to its business. That not only applies to its business practices but also its approach to responsible gaming.
- Supporting Communities: IGT is committed to making a positive impact on the communities in which it operates. That includes continuing to utilize its Social Impact Committee and After School Advantage (ASA) program. Recently, IGT opened 15 new ASA labs, giving it over 350 total in its history.
- Fostering Sustainable Operations: IGT has stressed its desire to help fight climate change, promote circularity and enhance sustainable procurement across its chain. The company analyzes its direct and indirect impact on the environment through its operations. IGT is attempting to reach net-zero greenhouse gas emissions by 2050.
Strong Q1 raised IGT’s financial guidance in 2024
Along with its social and environmental initiatives, IGT is seeing a lot of promising business results in 2024.
The growth of its global lottery business led it to report $1.07 billion in Q1 revenue from the first quarter. That was aided by its global iLottery sales being up 20% from Q1 of 2023.
Due to its success to open 2024, the company raised its yearly financial expectations. It expects to hit at least $4.4 billion in revenue for the year.
In the US, IGT has seen success of its lottery draw game Cash Pop, which continues to expand to more territories. The game is now available in 13 different states.
More recently, IGT has struck new multi-year contracts with the Colorado Lottery, Ohio Lottery, and Mississippi Lottery.
Photo by PlayiLottery
Graphic from IGT
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