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IGT history
IGT company history timeline
European gaming markets also expanded, and, in 1991, IGT opened a European division, with plans to establish an assembly factory, a product distribution center, and a direct factory sales center in Europe.
By 1995, when new domestic gambling markets bottomed out, IGT held 78 percent market share of the slot machine and video game business, but its stock was being battered.
David Hanlon took over for Mathewson in 1995, a move that would produce disappointing results.
Mathewson returned to replace Hanlon in 1996, and quickly brought back many of the people who had defected.
In 1997 it introduced MegaSports, a betting system that allowed players to make specialized wagers on sporting events.
In 2000 not only did IGT manufacture its one millionth slot machine, it topped the $1 billion mark in annual sales.
Whether such a merger would pass scrutiny from antitrust regulators remained to be seen. Its position certainly seemed fortified when, in July 2001, IGT announced plans to merge with its Nevada-based rival Anchor Gaming.
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IGT competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Video Gaming Technologies | 1991 | $63.0M | 600 | - |
| Bally Gaming Inc | 1932 | $160.0M | 568 | - |
| Scientific Games | 1984 | $2.2B | 9,000 | 56 |
| Sony Interactive Entertainment America | 1995 | $450.0M | 8,000 | - |
| Integrated Computer Systems | - | - | - | - |
| Konami Gaming | 1997 | $21.4M | 570 | - |
| Integrated Technology Partners | - | $440,000 | 7 | - |
| RGB | 1986 | $21.4M | 540 | 1 |
| Quantum Resources | 1998 | $5.5M | 50 | 2 |
| Pegasus | 1930 | $19.0M | 50 | 38 |
IGT history FAQs
Zippia gives an in-depth look into the details of IGT, including salaries, political affiliations, employee data, and more, in order to inform job seekers about IGT. The employee data is based on information from people who have self-reported their past or current employments at IGT. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by IGT. The data presented on this page does not represent the view of IGT and its employees or that of Zippia.
IGT may also be known as or be related to IGT, INTERNATIONAL GAME TECHNOLOGY, International Game Technology and International Game Technology Inc.