International Gambling
Type | Public |
---|---|
NYSE: IGT Russell 1000 Component | |
Industry | Gambling |
Founded | 1990 |
Headquarters | London, England (Headquarters)
|
Key people | Marco Sala (CEO) Phil Satre (Chairman) |
Products | Slot machines, lotteries, gaming technology |
Revenue | US$4.69 billion (2015)[1] |
US$539 million (2015)[1] | |
(US$56 million) (2015)[1] | |
Total assets | US$15.11 billion (2015)[2] |
Total equity | US$3.36 billion (2015)[2] |
12,000 (2015)[3] | |
Website | igt.com |
- International Gambling Studies
- International Gambling Certification Board
- International Gambling Studies
- International Gambling Counselor Certification
International Game Technology PLC (IGT), formerly Gtech S.p.A. and Lottomatica S.p.A., is a multinational gambling company that produces slot machines and other gambling technology. The company is headquartered in London, with major offices in Rome, Providence, Rhode Island, and Las Vegas. It is controlled, with a 51 percent stake, by De Agostini.[4]
Italian gambling company Lottomatica acquired Gtech Corporation, a US gambling company, in August 2006, and later changed its own name to Gtech. Gtech managed many state and provincial lotteries in the US and had contracts with local and national lotteries in Europe, Australia, Latin America, the Caribbean, and Asia.
My membership certificate hangs on my office wall where my clients can see that I really am serious about helping them treat their gambling problem.” –Jody Bechtold, LCSW, ICGC-II, BACC, The Better Institute. Special certifications are available for clergy/lay ministers, co-occurring disorder specialists, and video-gaming disorder. However, the sudden surge of virtual gambling international casinos has brought along a few questions, namely towards the issues of safety and privacy. Some casinos are just a front for drawing people's bank details and personal information, and other gambling rooms are but a scam.
In 2015, the company acquired American gambling company International Game Technology and again adopted the acquired company's name as its own.
Current holdings[edit]
In 1984 the International Certified Gambling Counselor (ICGC) program was developed to promote a competency-based certification program for professionals treating problem and pathological gamblers and their families. The International Gambling Counselor Certification Board. The International Conference on Gambling & Risk Taking brings together a diverse array of researchers and industry professionals from across the globe to discuss wide-ranging topics in gambling studies. International Gambling. International gambling has a host of options like betting in sports, lotteries and betting in various casino games at land based casinos and at online gambling casinos. All these options are very popular amongst their dedicated fan base. These international betting options are fun and keep you entertained and thrilled at the same time.
With the 2006 acquisition of Gtech, the company increased its global business activities due to a permanent presence of its employees in several countries throughout the world. IGT has operations in more than 100 countries worldwide, and deals with various ethnicities and nations with different levels of local employment laws. In order to meet these various requirements, IGT complies with the principles of the International Labor Office’s Tripartite Declaration of Principles concerning Multinational Enterprises and its social policy (Geneva 2000). In particular, the Company complies with all of the recommendations in the aforementioned declaration with regard to relations with staff in the various states.[5]
In July 2014, Gtech agreed to acquire American company International Game Technology (IGT), the world's largest slot machine manufacturer, for a total of $6.4 billion, including $4.7 billion in cash and $1.7 billion in assumed debt. The companies combined under a new holding company based in the United Kingdom, and the Gtech name was dropped in favor of IGT.[6][7]
In April 2015, Gtech completed its merger with IGT. The new combined company's name is International Game Technology PLC.[8]
References[edit]
- ^ abcForm 20-F: Annual Report (Report). International Game Technology. 29 April 2016. p. F-6 – via EDGAR.
- ^ abForm 20-F: Annual Report (Report). International Game Technology. 29 April 2016. p. F-5 – via EDGAR.
- ^Form 20-F: Annual Report (Report). International Game Technology. 29 April 2016. p. 32 – via EDGAR.
- ^Form 20-F: Annual Report (Report). International Game Technology. 29 April 2016. p. 26 – via EDGAR.
- ^'IGT_Sustainability_Report 2015_0807_h1313'. Retrieved 10 August 2016.
- ^Howard Stutz (15 July 2014). 'IGT sold in $6.4 billion deal with lottery giant GTECH'. Las Vegas Review-Journal. Retrieved 16 July 2014.
- ^https://finance.yahoo.com/news/gtech-p-announces-name-company-201200896.html
- ^PLC (IGT), International Game Technology. 'GTECH And International Game Technology Complete Combination And Form The World's Leading End-To-End Gaming Company'. www.prnewswire.com.
External links[edit]
- Business data for International Game Technology plc:
International internet gambling law is a subject of immense complexity, because every nation has its own
take on the subject. Some parts of the world embrace online gambling while others do everything they
can to ban it entirely. On top of that, different jurisdictions within a single nation sometimes take radically
different approaches to internet gaming.
The United States is a great example of how complex gambling law can be within a single nation. Not only
are the federal laws poorly written and difficult to interpret, but individual states have their own laws as
well. In some states, online gambling is 100% legal and available to anyone inside state lines. In others, the
authorities are still trying to seize the assets of legitimate gambling sites.
Our goal with this part of our website is to take this massive subject and break it down for our readers.
We start this page by explaining some of the basics of online gambling legislation and regulation, which are useful to understand if you’re interested in
betting or gaming online. There is then some information on the gambling laws in various regions around the world. We’ve also included links to additional
pages where you can learn more about the legal status of both offline and online gambling in specific countries.
This page is divided into the following sections, to make it easy to find the specific region you may be looking for.
South America
Africa
Online Gambling Legislation and Regulation: The Basics
The most important thing for you to understand about online gambling legislation and regulation is how it affects you. There are two key points to consider
in this respect.
- It is rare for it to be explicitly illegal to USE an online gambling site
- Licensed and regulated gambling sites are BY FAR the safest
The first point here is hopefully one that will put your mind at rest if you are worried about the legalities of gambling online, and the potential for
repercussions. The fact is that you are very unlikely to breaking the law simply by betting or gaming online. The vast majority of online gambling legislation
is target squarely at the companies that operate sites, and not the individuals who use them. Of course, laws do vary from one region to the next as we’ve
explained. It’s important to know your local laws do prohibit you from gambling online, which is precisely we’ve provided the relevant much information in
this section
In relation to the second point, most sites are licensed and regulated in at least one jurisdiction. To obtain the necessary license, they will have to meet
specific criteria as laid out by the licensing authority within the relevant jurisdiction. Operators will generally advertise details of their licensing, as it helps
to reassure potential customers that are legal and regulated. It basically lends some legitimacy to their operations. That’s what you’ll often see something
like the following on gambling websites.
You should know, however, that the actual legitimacy of licensing authorities varies quite significantly. The simple fact of the matter is some agencies are
much more stringent than others. For example, the state of Nevada puts any potential online poker site through the wringer before it issues a license to
operate. So a Nevada license has genuine sign validity. Other gambling authorities basically sell licenses to anyone with enough money, so these don’t
really mean much at all.
With that in mind, we decided to put together a comprehensive guide to licensing authorities around the world. We want you to know what it really means
when a site says it has a license to do business. You can use this information to assist in the search for a safe gambling site.
Antigua & Barbuda – Antigua Directorate of Offshore Ga
Curacao – Curacao e-Gaming Licesing Aut
Isle of Man – Gambling Supervision Comm
Malta – Lotteries & Gaming Authority
Panama – Panama Gaming Control Board
Costa Rica
Kahnawake – Kahnawake Gaming Commission
You should also understand why online gambling regulation is so important. Its primary purpose is to protect YOU, the consumers. You should be able to
gamble online with the confidence that you will be treated fairly not be exposed to dishonest or crooked practices. Thankfully, the established and
reputable licensing authorities ensure that you can do exactly that. They impose a strict code of conduct on the licensees, who have to adhere to the
necessary regulations if they are to maintain their licenses. That’s why properly licensed and regulated sites are the safest options.
For a more in-depth explanation of this subject, please see our page on how online gambling is regulated
Gambling Laws in North America
International Gambling Studies
There are several countries in North America that have wildly different laws relating to gambling.
The United States is obviously the biggest country in this region, and as we’ve already mentioned
the laws here are very confusing. This is partly down to the fact that there are so many states,
each with their own attitude to gambling, but there is more to it than that. There is just a distinct
lack of clarity in so much of the relevant legislation. There is also much debate about whether
US laws actually apply to gambling sites that operate outside the region.
Things are not much better in Canada either. There is legislation in place that has been passed by
central government, but each individual province has the authority to regulate gambling in their
own regions. As with the US, the use of overseas sites is very much a grey area.
We’ve provided additional pages that explain the relevant legal situations in these two countries in much
more detail, and we’ve also covered some other countries in North America too.
Gambling Laws in Europe and the UK
Europe also has many countries with different approaches to the legality of online gambling.
Some countries outright ban it, while others have formally legalized it and put proper regulatory
frameworks in place. The United Kingdom is the best example of the latter. All forms of online
betting and gaming are completely legal, and very well regulated. Any site wishing to provide its
services to UK residents must meet requirements set out by the Gambling Commission. This
organization was established in 2005, replacing the existing Gaming Board.
There are other European countries with similar setups to the UK too. France, for example, has a
strict licensing process, but does allow overseas companies to accept French customers if they
meet the necessary criteria. For some reason, though, all forms of casino games are currently
banned. They at least have clear laws though, whereas things are decidedly murky in other countries.
We’ve provide a detailed overview of European gambling laws, and also information on the laws in each of the following specific countries.
International Gambling Certification Board
Germany
France
Russia
Poland
Finland
Ukraine
Norway
Sweden
Gambling Laws in Australia/Oceania
The laws for Australian gambling companies are very strict. They’re allowed to offer some gambling
services to Australian residents, but currently only traditional sports betting and lottery-style
games are permitted. Live sports betting is not allowed, and nor are casino games. There are no
laws that prevent Australians from using overseas sites though, as these fall outside the jurisdiction
of Australia’s government.
In New Zealand, unlike so many other regions, there is clear and precise legislation relating to
online gambling. The country passed a new act in 2003 to make sure that their laws were explicit and
easy to understand. Unusually, the act very plainly stated that the use of overseas sites is entirely
legal. Such sites are, however, banned from advertising in New Zealand.
You can read more about the country specific laws in this part of the world on the following pages.
Gambling Laws in Asia
There is very little consistency in the gambling laws throughout Asia. This is perhaps
not surprising, given the size of the continent and the number of different countries
it’s home to. Compiling an overview of Asian gambling laws would be a futile
exercise, but we have provided pages covering each of the following countries
separately.
Gambling Laws in South America
The general approach to gambling throughout South America is reasonably liberal.
There are restrictions on certain types of betting and gaming in some countries in the
region though. For example, casino games are prohibited in Brazil. Our guide to the
gambling laws in South America explains about these restrictions in more detail, and
also covers any relevant online gambling legislation.
Gambling Laws in Africa
Few countries in Africa have passed any kind of legislation relating on online gambling,
although South Africa is one notable exception. Land based gambling is another
matter though, with various forms fully legalized throughout the region. There are
casino venues, for example, in several countries. We’ve provided details on the various
gambling laws throughout Africa on the following page.
International Gambling Studies
Important NoticeWe recommend that you have at least passing familiarity with the legal climate with regards to gambling in
your location. A working knowledge of the law in your area may help to keep you safe from any legal trouble,
and will make it easier for you to find the sites that cater for customers in your part of the world.
International Gambling Counselor Certification
Please be aware, though, that nothing contained in this part of GamblingSites.org should be considered as
actual legal advice. We’ve carried out extensive research and consulted experts when compiling all of
this information, but we are not qualified to provide legal advice. If you have any concerns about the
legalities of gambling online where you live, it would be best to speak to a licensed lawyer.