Internationally recognized developer of gaming solutions International Game Technology PLC announced on Tuesday that the first game of the legacy GTECH gaming catalog has been launched on the company’s social casino site DoubleDown Casino and is now available for desktop and mobile.
Treasures of the Pyramids is a 5-reel, 40-payline Egyptian-themed slots game that has already gathered quite a lot of popularity in land-based casinos. Commenting on the latest announcement, DoubleDown Interactive Senior Vice President and General Manager Joe Sigrist said that launching this first GTECH title is a significant milestone for IGT as it showcases IGT and GTECH’s combined strength.
Mr. Sigrist further noted that Treasures of the Pyramids is an already well-known game in brick-and-mortar casinos and leveraging its popularity through IGT’s social casino platform would provide players of those types of games with even more engaging content. Thus, the gaming developer would be able to further establish itself as one of the leaders in the creation and distribution of cross-platform content, the executive added.
Nevada-based International Game Technology and Italian lottery operator and provider of gaming solutions GTECH S.p.A. first announced their merger in July 2014. After thorough regulatory review, the Nevada Gaming Commission and the Nevada Gaming Control Board gave their approval for the deal. The merger between the two gaming giants became effective as of April 2015. Former GTECH CEO Marco Sala was appointed as CEO of International Game Technology PLC, as the merged entity was called.
After the transaction was completed, IGT further established its positions as one of the leaders in the production of gaming and lottery machines as well as the provision of various services and options for the gaming and lottery industries.
During the third quarter of 2015, the company posted considerable increases in a number of key performance indicators. For instance, it generated revenue of $1.2 billion, up 30% from the same period in 2014. IGT’s adjusted EBITDA increased 21% to $414 million.
Adjusted operating income for the three months ended September 30 totaled $258 million, up 26% as compared to the figure posted for the same period a year ago. IGT CFO Alberto Fornaro said that the reported results reflected the company’s “disciplined operational management” and diversity.
