International Game Technology, a global leader in the provision of gaming tech and solutions, announced that it has once again achieved responsible gaming certification for two of its divisions. According to the company, its Global Gaming and PlayDigital operations continue to boast accreditation from the Global Gambling Guidance Group (G4).

G4 is a group that seeks to minimize the impact of problem gambling by promoting a worldwide accreditation and certification program. Companies need to demonstrate exceptional commitment to responsible gambling and high industry standards.

To maintain its certifications, IGT had to independently assess its industry standards and confirm that its divisions were still compliant with the player protection standards set out by G4. IGT noted that G4’s audit assessed a variety of topics, including responsible gambling code of conduct, corporate standards, operational code of practice, training, player protection tools, staff and responsible gambling, staff and problem gambling and player protection framework.

For reference, IGT’s gaming operations were first certified in 2017. In 2019, the company’s digital solutions followed. In 2022, on the other hand, the company also secured G4’s accreditation for its sports betting business.

G4’s chairman, Pieter Remmers, commented on IGT, praising the global gaming leader’s commitment to responsible gambling and industry leadership. He said that G4 is happy to recognize its effort by providing its Global Gaming and PlayDigital operations with accreditation once again.

We applaud IGT’s critical responsible gaming efforts and appreciate all that the Company does to maintain the integrity of gaming globally.

Pieter Remmers, chair, G4

In the meantime, IGT’s senior vice president of marketing, communications and sustainability, Wendy Montgomery, said that responsible gaming is an integral part of IGT’s business. According to her, this accreditation demonstrates the company’s ongoing efforts to keep gambling healthy and sustainable.

Montgomery pointed out that IGT was the first supplier to earn G4 accreditation for gaming and digital responsible gaming excellence, as well as the first supplier in the US to secure a sports betting accreditation. She expressed her team’s commitment to continue working just as hard.

IGT will continue upholding itself and our partners to the highest responsible gaming standards as we promote positive play for all.

Wendy Montgomery, SVP of marketing, communications and sustainability, IGT

In other news, the USPTO just said that Acres did not violate IGT’s patents, in spite of the latter company’s claims.

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Global supplier of gambling technology and solutions, International Game Technology (IGT), announced today that the Global Gaming and PlayDigital divisions are the focus of a strategic evaluation by the board of directors.

Portfolio Value Maximization

In a press release, the board of directors at IGT informed all investors and stakeholders that it is currently considering a broad range of strategic options for the Global Gaming and PlayDigital businesses, including but not limited to a sale, merger or spin-off, or retaining and further investing, with the goal of unlocking the full value of the company’s portfolio.

IGT’s executive chair, Marco Sala, commented on the announcement, pointing out that IGT has been seeking to reorganize the business “around core product verticals [while] monetizing non-core assets, reducing structural costs and significantly improving its credit profile” over the past three years.

We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders.

Marco Sala, exec chair, IGT

IGT’s chief executive officer, Vince Sadusky, also commented on the information, emphasizing IGT’s position as “a global leader with deep expertise in lottery, land-based gaming, iGaming and sports betting” and underscoring the company’s resolve to continue pursuing its strategic goals.

“We remain focused on the execution of our growth objectives and multi-year goals outlined in our November 2021 Investor Day as we undertake this review and evaluation of strategic alternatives,” Sadusky said, adamant that the outcome of this process will not impact IGT’s position “to deliver on its long-term growth and profit targets.”

No Timeline or Transaction Guarantee

Deutsche Bank, Macquarie Capital and Mediobanca will continue to serve as IGT’s financial advisors while Sidley Austin and White & Case will retain their positions as legal counsel and continue to assist the business in exploring strategic alternatives.

The board of directors outlined that no decision regarding the strategic alternatives at its disposal has been made, adding that the ongoing evaluation has no timeline and that there can be no assurance that the evaluation of the alternatives will result in a transaction.

IGT’s statement concludes by pointing out that the company would not provide any further comments or updates on the matters “unless and until it determines that further disclosure is appropriate or required.”

Last month, IGT’s Global Gaming division saw an expansion of its wide area progressive (WAP) jackpots into a second US jurisdiction, New Jersey, via a Wheels of Fortune link. With a reset value of $500,000, the WAP jackpot became one of the biggest in the Garden State.

Before that, the division delivered its new casino management system (CMS), IGT ADVANTAGE, to Potawatomi Casino Hotel Carter in Wabeno, Wisconsin.

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