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THERMAL, Calif. - Red Earth Casino has entered into a multi-year agreement with International Game Technology PLC (NYSE: IGT), a $3.3 billion gaming technology leader with strong financial health according to InvestingPro analysis, to enhance its gaming operations using IGT’s ADVANTAGE casino management system. The partnership aims to modernize the casino floor, improve the player experience, and revamp the venue’s loyalty program.
IGT’s ADVANTAGE system will replace a competing casino management system at Red Earth Casino, incorporating the latest technology to offer a more personalized experience for patrons. The casino will also implement IGT’s W2G Accrual and Mobile Responder modules, along with a full-floor systems-hardware upgrade featuring AVENTO capabilities. This expansion aligns with IGT’s growth trajectory, as InvestingPro data shows the company maintaining an impressive 11-year streak of consistent dividend payments, currently yielding 4.88%.
Michael J. Broderick, General Manager of Red Earth Casino, expressed enthusiasm about the collaboration, noting that the IGT ADVANTAGE system is not just an upgrade but a key component of the casino’s strategy for growth and innovation in tribal gaming. Nick Khin, IGT President of Global Gaming, highlighted the strategic importance of real-time data and player convenience, suggesting that the new system will bring operational efficiencies and elevate player satisfaction.
The deployment at Red Earth Casino will include IGT ADVANTAGE’s new FloorNet architecture for improved system performance and SystemWatch for round-the-clock system monitoring. This transition is expected to position Red Earth Casino for future opportunities in the gaming industry.
IGT is recognized as a global leader in gaming, providing experiences across various channels and regulated segments. Red Earth Casino, owned and operated by the Torres Martinez Desert Cahuilla Indians, is a premier gaming and entertainment destination in Southern California.
This news is based on a press release statement and contains forward-looking statements that involve risks and uncertainties. These statements reflect the current beliefs and assumptions of IGT’s management and are subject to change. For deeper insights into IGT’s financial health, growth prospects, and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, International Game Technology PLC (IGT) reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations for earnings per share (EPS) with $0.22 against a forecast of $0.19, though it fell short on revenue, reporting $651 million compared to the expected $660 million. The company also announced the sale of its gaming and digital business for $4 billion, a strategic move to focus on its core lottery operations. Additionally, IGT launched its Wheel of Fortune Video Poker game in Las Vegas, marking a significant milestone for its gaming portfolio. The game, combining multi-hand video poker with the iconic Wheel of Fortune slot theme, debuted at the Downtown Grand Hotel & Casino and has since expanded to other Las Vegas locations. Furthermore, IGT disclosed preliminary financial outcomes for its Gaming & Digital business for the first quarter of 2025, aligning with disclosure requirements related to a financing transaction by Voyager Parent, LLC. This information is part of a mandatory filing with the U.S. Securities and Exchange Commission. Meanwhile, analysts from Stifel and Truist have discussed IGT’s strategic initiatives and financial outlook, indicating ongoing efforts to stabilize and grow its core business.
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