1991: $.89/Share 2011: $37.08/Share
International Gaming Technology, Inc.
International Game Technology is a Nevada based company specializing in the design, development, manufacturing, sales and distribution of gaming machines and network system products internationally.
IGT began as a private company in the early 1950s. The company went public with a Nasdaq listing in 1981, a few years after the success of its revolutionary gaming product, the video poker machine. In 1984, IGT acquired Electronic Data Technologies, making the company a pioneer in the computerized player tracking concept and later instrumental in the proliferation of “frequent-player rewards” programs, which remain popular in casinos to this day.
In January 1991, a decade after its initial public offering, IGT was listed on the New York Stock Exchange. Later, IGT Europe was established to service casinos across the continent, followed by Argentina and South Africa.
Two key acquisitions were made in 1998. They included Barcrest Gaming, located in the United Kingdom, and Sodak Gaming, Inc, which became IGT’s gaming distributor for the Native American casino market.
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