What are Mission Vision & Core Values of International Game Technology Company?

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What drives International Game Technology's global success?

Mission and vision statements are crucial for any successful enterprise, guiding its purpose and aspirations. They direct business decisions and shape corporate identity. A global leader in the gaming industry, the company specializes in diverse gaming products and services, including lottery systems and interactive platforms.

Serving clients worldwide, its strategic direction is influenced by its mission, vision, and core values. Despite a slight dip in revenue, the company's clear purpose remains paramount in navigating the dynamic global gaming market. What are the Mission, Vision, and Core Values of International Game Technology?

The IGT mission statement emphasizes its global leadership in the gaming industry. It focuses on providing diverse gaming experiences, from gaming machines and lotteries to interactive and social gaming, across all regulated channels. This commitment is supported by significant investment in innovation and deep customer intelligence.

Global Reach

IGT operates in over 100 countries, demonstrating a vast international presence.

Innovation Focus

The company invests heavily in R&D to anticipate consumer demands in gaming.

Diverse Portfolio

Offerings span gaming machines, lotteries, interactive, and social gaming segments.

Customer Centricity

Leverages customer intelligence to deliver preferred gaming experiences.

Ethical Standards

Adheres to high standards of service, integrity, and responsibility.

Employee Base

IGT employs over 12,000 individuals globally, contributing to its operational expertise.

International Game Technology's mission, as a global leader in gaming, is to enable players to experience their favorite games across all channels and regulated segments, including gaming machines, lotteries, interactive, and social gaming. This is achieved by leveraging premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise, and leading-edge technology. The company's gaming solutions anticipate consumer demands wherever they choose to play. IGT maintains a well-established local presence and strong relationships with governments and regulators in more than 100 countries worldwide. The company creates value by adhering to the highest standards of service, integrity, and responsibility, reflecting its IGT company purpose. For a broader understanding of the market, consider reviewing the Competitors Landscape of International Game Technology. IGT's commitment to innovation is evident in its continuous development of world-class Lottery solutions and innovative game content, which supports long-term growth and shareholder returns. This focus on responsible gaming and ethical standards is central to IGT's core values and their impact on employees and business practices.

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International Game Technology's vision statement emphasizes leveraging its combined heritage to enhance capabilities and deliver innovative content and technology. This aims to drive customer and player demand, solidifying its leadership in lottery and gaming while expanding into the digital realm. The company seeks to define the future of gaming through its understanding of central systems and connectivity.

Strategic Focus

IGT's corporate strategy in 2024 involves sharpening its focus on global lottery leadership.

Digital Expansion

The company aims to become a leader in the digital space, aligning with its vision for future growth.

Innovation Drive

Delivering cutting-edge content and technology is central to IGT's mission and business objectives.

Market Leadership

IGT seeks to maintain and grow its leadership position in the lottery and gaming sectors.

Future Definition

Leveraging central systems and connectivity, IGT intends to define the future of gaming.

Operational Efficiency

The announced sale of its Gaming & Digital business for $4.05 billion aims to streamline operations by Q3 2025.

International Game Technology's vision for the future of gaming is deeply rooted in its strategic transformation. The company's focus on enhancing capabilities through integrating legacy strengths is a key aspect of its Target Market of International Game Technology approach. This includes delivering content, technology, and expertise that drive customer and player demand, which is crucial for IGT's mission and how it guides their innovation. The company aims to grow its leadership in the lottery and gaming space, while also becoming a leader in the digital space. This aligns with the IGT company purpose and its long-term business objectives. By leveraging its understanding of central systems and connectivity, IGT seeks to define the future of gaming, reflecting its core values and their impact on employees and overall corporate social responsibility. The announced sale of its Global Gaming and PlayDigital businesses for $6.2 billion in 2024, expected to close in Q2 2025, further emphasizes IGT's commitment to sharpening its focus on its global lottery business, reinforcing its position as a leading lottery technology provider.

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The core values of International Game Technology (IGT) are integral to its operations, shaping its corporate culture and strategic decisions. These values, deeply embedded in the company's 'Sustainable Play' program, guide its approach to business, employees, and communities. IGT's four core values are valuing and protecting its people, advancing responsibility, supporting its communities, and fostering sustainable operations.

Valuing and Protecting Our People

IGT prioritizes a safe, healthy, and inclusive work environment for its approximately 11,000 employees across nearly 60 countries. In 2023, IGT received the 'Top Employer' certification in the U.S., Canada, and Italy, and achieved a top score in the Human Rights Campaign Foundation's Corporate Equality Index for LGBTQ+ workplace equality.

Advancing Responsibility

IGT operates with the highest integrity, integrating best practices to protect its people, products, and processes. This commitment guides their responsible gaming initiatives, ensuring entertaining experiences are delivered ethically across all segments.

Supporting Our Communities

Through its Community Giving and Engagement Policy, IGT strategically supports organizations aligned with sustainable development goals. The 'After School Advantage (ASA)' program has established 350 technology labs to date, with 15 new labs opened in 2023, providing STEAM resources.

Fostering Sustainable Operations

IGT is committed to fighting climate change, aiming for net-zero greenhouse gas emissions by 2050, validated by the Science Based Targets Initiative. In 2024, IGT improved its S&P Corporate Sustainability Assessment score for the fifth consecutive year, reaching 62, an 8-point increase, placing it in the top decile for the casinos and gaming industry.

These core values define IGT's identity and commitment to sustainable and ethical leadership. To understand how these values influence the company's strategic direction, explore the next chapter on how IGT's mission and vision influence its strategic decisions, including its Growth Strategy of International Game Technology.

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The mission and vision statements of International Game Technology are instrumental in shaping its strategic decisions, providing a clear roadmap for growth and operational focus.

These guiding principles directly influence IGT's investment in innovation, market expansion, and its commitment to responsible gaming, ensuring all actions align with its long-term objectives.

IGT's Strategic Direction: Mission and Vision in Action

IGT's mission and vision are actively steering its corporate strategy, evident in significant business decisions and ongoing operational developments.

• The sale of its Gaming & Digital business for $4.05 billion in 2025 is a key transformation aimed at reinforcing global lottery leadership, directly aligning with the vision to grow in the lottery and gaming space.
• The company's commitment to delivering entertaining and responsible gaming experiences is reflected in its continuous investment in product innovation.
• IGT's strategic focus on expanding its iconic brands into new gaming verticals demonstrates a proactive approach to anticipating consumer demands.
• The mission to establish a well-established local presence in over 100 countries guides IGT's market expansion and partnership strategies.

Innovation Driven by Vision

IGT's mission to leverage premium content and leading-edge technology fuels its innovation pipeline. The launch of new multi-level progressive titles like 'Mystery of the Lamp' and 'Egyptian Link' in 2024, alongside the expansion of the 'Wheel of Fortune' brand into video poker and electronic table games in 2025, exemplifies this.

Market Expansion and Global Presence

The company's mission to build strong local relationships in over 100 countries directly influences its market expansion efforts. Securing a seven-year agreement with the Colorado Lottery and a 10-year iLottery deal in Luxembourg in 2024 and early 2025, along with contract extensions, highlights this strategic focus.

Financial Performance and Strategic Alignment

IGT's financial results for the full year 2024, including revenue of $2.5 billion and Adjusted EBITDA of $1.17 billion, demonstrate the successful execution of its strategy. The iLottery segment's growth, with sales up 28% in Q4 2024, aligns with the vision for digital leadership.

Debt Reduction and Investment Support

The reduction of net debt from $5.2 billion to $4.8 billion in 2024 showcases strong financial management, enabling strategic investments that support long-term growth and shareholder returns, as emphasized by CEO Vince Sadusky.

Core Values in Practice

While specific core values are not detailed in this context, the company's actions, such as focusing on responsible gaming and investing in innovation, suggest an underlying commitment to ethical practices and player well-being, which are often embedded in core values.

Impact on Stakeholders

The strategic decisions driven by IGT's mission and vision directly impact its stakeholders, including Owners & Shareholders of International Game Technology, employees, and players, by ensuring sustainable growth and a focus on delivering engaging gaming experiences.

IGT's mission and vision are foundational to its strategic decisions, guiding its path toward sustained leadership in the gaming industry.

Discover how IGT's core values are being refined in the next chapter.

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Enhancing the company's mission and vision can better align with current market dynamics and evolving industry trends, transforming them into significant growth opportunities. The global gaming market is projected to grow from $310.97 billion in 2024 to $345.34 billion in 2025, with an 11.1% CAGR, highlighting the need for adaptive strategies.

Pioneering Emerging Technologies in Vision Statement

The vision statement could explicitly articulate a commitment to pioneering in emerging technologies like cloud gaming, VR, and AR, reflecting their projected impact on the industry. A refined vision might be: 'to redefine interactive entertainment by integrating cutting-edge technologies like AI, AR, and VR, ensuring unparalleled player engagement and expanding our digital footprint globally.'

Integrating Sustainability and Digital Well-being

The mission and vision could more overtly address sustainability concerns beyond just operations, such as promoting sustainable game design or digital well-being. This proactive approach can resonate with changing consumer behaviors and ESG investor expectations.

Clarifying Ambition in the Digital Space

While the company broadly mentions 'interactive and social gaming' and becoming a 'leader in the digital space,' a more specific articulation of ambition would be beneficial. This clarity can better guide innovation and strategic partnerships in the rapidly evolving digital gaming landscape.

Strengthening Brand Appeal Through Forward-Looking Statements

By adapting its mission and vision to address emerging technologies and sustainability, the company can reinforce its leadership and unlock new growth avenues. This strategic adaptation is crucial for strengthening brand appeal in a dynamic global market.

Understanding the Brief History of International Game Technology provides context for its current mission, vision, and core values. The company's mission statement is centered on delivering compelling gaming experiences through innovation and technology. Its vision is to be a leading global provider of gaming solutions, driving player engagement and customer success. The core values often emphasized include integrity, innovation, teamwork, and a commitment to responsible gaming, which collectively guide IGT's business objectives and corporate strategy.