International Game Technology PLC operates and provides gaming technology products and services worldwide. It operates in two segments, Global Lottery and Global Gaming. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services. It also designs, develops, assembles, and provides cabinets, games, systems, and software for gaming market, as well as offers gaming management systems for casino management, customer relationship management, patron management, and server-based gaming. In addition, the company provides video lottery terminals (VLT), VLT central systems, and VLT games; and amusement with prize machines and games to licensed operators. Further, it offers sports betting technology and management services, as well as various retail point of sale products. Additionally, the company provides digital gaming products and services, including poker, bingo, and online casino table and slot games; social casino content; and remote game server, as well as iGaming systems and digital platforms that offers player account management, advanced marketing and analytical, and payment system services. It processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfers services. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was founded in 2014 and is headquartered in London, the United Kingdom. International Game Technology PLC is a subsidiary of De Agostini S.p.A.
IPO Year: 2015
Exchange: NYSE
Website: igt.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/30/2024 | $24.00 → $26.00 | Hold → Buy | Stifel |
4/5/2024 | $30.00 | Buy | B. Riley Securities |
3/4/2024 | $31.00 → $30.00 | Buy → Hold | Stifel |
3/1/2024 | $32.00 → $30.00 | Buy → Hold | Truist |
1/4/2024 | $36.00 → $29.00 | Buy → Hold | Jefferies |
5/11/2023 | $31.00 | Neutral → Positive | Susquehanna |
4/20/2023 | $43.00 | Buy | B. Riley Securities |
5/12/2022 | $30.00 → $26.00 | Hold → Buy | Jefferies |
3/2/2022 | $59.00 → $63.00 | Outperform | Credit Suisse |
12/17/2021 | $43.00 | Buy | Stifel |
David Vaughan Investments, LLC (DVI) is pleased to announce the appointment of Christopher Spears, Executive Vice President and General Counsel of International Game Technology PLC (NYSE:IGT), as an Independent Manager to our Board of Managers. Mr. Spears is a seasoned legal professional with years of experience providing corporate leadership on topics such as SEC compliance, mergers and acquisitions, governance and business strategy. Mr. Spears joined IGT in 2017 and currently leads the company's global legal affairs, including corporate governance, regulatory compliance, and risk management. Prior to IGT, Mr. Spears held several senior legal roles at Caterpillar Inc., including Group Gen
LONDON, Aug. 7, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that Nick Khin has been appointed as IGT President, Global Gaming. Khin previously served as IGT Chief Operating Officer and Senior Vice President, Gaming, since 2015. In his role as IGT President, Global Gaming, Khin is responsible for managing the IGT Global Gaming business unit, including studios, technology, sales, games and hardware, manufacturing and services, and systems. Khin reports to IGT CEO Vince Sadusky and is based in Las Vegas. "Nick is the obvious choice to
Effective January 1, 2024, Rishton to be succeeded by David Morgan LONDON, Dec. 14, 2023 /PRNewswire/ -- International Game Technology PLC ("IGT" or the "Company") (NYSE:IGT) announced today that Tim Rishton, IGT Senior Vice President and Chief Accounting Officer, will retire at the end of 2024, following 29 years with the Company. Rishton will be succeeded by David Morgan, who will take on the role of IGT Senior Vice President and Chief Accounting Officer on January 1, 2024. During 2024, Tim will support this leadership transition. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences
LONDON, Nov. 8, 2021 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that it has appointed Gil Rotem as President of iGaming, effective immediately. Reporting to Enrico Drago, IGT CEO Digital & Betting, Rotem is responsible for ensuring the ongoing development and global expansion of the IGT PlayCasino business, which includes iGaming, poker and bingo. IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth o
LONDON, May 3, 2021 /PRNewswire/ -- International Game Technology PLC (IGT) (NYSE:IGT) announced that Walter Bugno, Executive Vice President of New Business and Strategic Initiatives, has resigned to pursue a new professional opportunity. Mr. Bugno will continue in his current position until May 14, 2021. IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operation
IGT recognized for Rising Rockets Link's strong performance across Asia LONDON, May 14, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it won the "Best Casino Supply" category in the 2025 G2E Asia Awards. In their 16th year, the G2E Asia Awards are evaluated by a panel of industry experts and recognize excellence and innovation in Asia's gaming and entertainment industry. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and D
David Vaughan Investments, LLC (DVI) is pleased to announce the appointment of Christopher Spears, Executive Vice President and General Counsel of International Game Technology PLC (NYSE:IGT), as an Independent Manager to our Board of Managers. Mr. Spears is a seasoned legal professional with years of experience providing corporate leadership on topics such as SEC compliance, mergers and acquisitions, governance and business strategy. Mr. Spears joined IGT in 2017 and currently leads the company's global legal affairs, including corporate governance, regulatory compliance, and risk management. Prior to IGT, Mr. Spears held several senior legal roles at Caterpillar Inc., including Group Gen
Q1'25 results confirm sustained player demand for instant tickets, draw games, and iLottery; lower U.S. multi-state jackpot activity & associated LMA impacts, in addition to product sales timing, impact prior year comparisonsIncome from continuing operations of $8 million includes $33 million non-cash impact of foreign exchange translation; margin of 1.4%Adjusted EBITDA of $250 million and Adjusted EBITDA margin of 42.8% highlight attractive profit structure of pure play lottery businessStrong cash conversion and financial condition; ample liquidity to fund important contract renewalsLONDON, May 13, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT" or the "Company") (NYSE:IGT) to
LONDON, May 5, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that IGT PlaySports™ technology is now powering retail sports betting at Silver Reef Casino Resort in Ferndale, Wash. This technology agreement builds on IGT PlaySports' leadership in the region, marking the 11th casino in Washington State to deploy the Company's award-winning sports betting platform, and the 10th casino in the State to leverage its trading advisory services. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments
California casino elevates floor performance, modernizes the player experience and enhances loyalty program via IGT ADVANTAGE casino management system LONDON, May 1, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it recently signed a multi-year systems agreement with Red Earth Casino in Thermal, Calif. to displace a competing casino management system ("CMS") with the award-winning IGT ADVANTAGE™ CMS. In addition to deploying IGT ADVANTAGE, Red Earth Casino will complete a full-floor systems-hardware upgrade with advanced AVENTO™ capabilities, leverage IGT's W2G Accrual and Mobile Responder modules, and utilize M5, the Company's content managem
Company's glitzy mechanical-reel cabinet delivers new spin on Wheel of Fortune slots fun LONDON, April 21, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that its dynamic Wheel of Fortune DiamondRS™ Premium Wheel cabinet recently launched in casinos across the U.S. Guests of Sky River Casino in Elk Grove, Calif. and of Mohegan Sun in Uncasville, Conn. were among the first players in the world to enjoy the Wheel of Fortune Cash Link™ Reels Double Diamond™ and Wheel of Fortune Cash Link Reels Double Gold games on IGT's new ultra-high-tech, mechanical-reel cabinet.
Intends to File Preliminary Proxy Statement and Provides Overview of the Case for Shareholder-Driven Change at Lyft Following Years of Value Destruction Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ:LYFT) ("Lyft" or the "Company"), today announced that it is filing a preliminary proxy statement in connection with its nomination of two highly qualified and independent candidates – Alan L. Bazaar and Daniel B. Silvers – for election to the Company's Board of Directors (the "Board") at the 2025 Annual Meeting of Shareholders (the "Annual Meeting"). Arnaud Ajdler, Founder and Port
LONDON, April 15, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast on Tuesday, May 13, 2025 to discuss first quarter 2025 results for the period ended March 31, 2025. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unri
LONDON, April 3, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced the posting of its Notice of the 2025 Annual General Meeting ("AGM"), the accompanying proxy for the meeting, and the 2024 Annual Report and Accounts for the year ended December 31, 2024 to shareholders. The AGM will be held at IGT's registered office, 3rd Floor, 10 Finsbury Square, London, England, EC2A 1AF, on May 13, 2025, at 3:00 p.m. British Summer Time (BST). IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lo
Innovative game that pairs legendary IGT video poker content with the most successful slot theme of all time launches in world's biggest video poker market LONDON, April 2, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today it recently introduced its much-anticipated Wheel of Fortune Video Poker game in the world's most prolific video poker market: Las Vegas, Nev. Guests of Downtown Grand Hotel & Casino ("Downtown Grand") in Downtown Las Vegas became the first players in the world to enjoy legendary IGT multi-hand video poker paired with the puzzle-solving, wheel-spinning fun of Wheel of Fortune via IGT's Wheel of Fortune Video Poker game.
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Stifel upgraded Intl Game Tech. PLC from Hold to Buy and set a new price target of $26.00 from $24.00 previously
B. Riley Securities resumed coverage of Intl Game Tech. PLC with a rating of Buy and set a new price target of $30.00
Stifel downgraded Intl Game Tech. PLC from Buy to Hold and set a new price target of $30.00 from $31.00 previously
Truist downgraded Intl Game Tech. PLC from Buy to Hold and set a new price target of $30.00 from $32.00 previously
Jefferies downgraded Intl Game Tech. PLC from Buy to Hold and set a new price target of $29.00 from $36.00 previously
Susquehanna upgraded Intl Game Tech. PLC from Neutral to Positive and set a new price target of $31.00
B. Riley Securities initiated coverage of Intl Game Tech. PLC with a rating of Buy and set a new price target of $43.00
Jefferies upgraded Intl Game Tech. PLC from Hold to Buy and set a new price target of $26.00 from $30.00 previously
Credit Suisse reiterated coverage of Intl Game Tech with a rating of Outperform and set a new price target of $63.00 from $59.00 previously
Stifel initiated coverage of Intl Game Tech with a rating of Buy and set a new price target of $43.00
Q1'25 results confirm sustained player demand for instant tickets, draw games, and iLottery; lower U.S. multi-state jackpot activity & associated LMA impacts, in addition to product sales timing, impact prior year comparisonsIncome from continuing operations of $8 million includes $33 million non-cash impact of foreign exchange translation; margin of 1.4%Adjusted EBITDA of $250 million and Adjusted EBITDA margin of 42.8% highlight attractive profit structure of pure play lottery businessStrong cash conversion and financial condition; ample liquidity to fund important contract renewalsLONDON, May 13, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT" or the "Company") (NYSE:IGT) to
LONDON, April 15, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast on Tuesday, May 13, 2025 to discuss first quarter 2025 results for the period ended March 31, 2025. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unri
Fourth Quarter 2024 Financial Performance achieves outlook: Revenue of $651 million propelled by strong growth in instant ticket and draw game sales across geographiesIncome from continuing operations of $116 million with associated margin of 17.9%Generated Adjusted EBITDA of $290 million and an Adjusted EBITDA margin of 44.5%, reflecting strong performance of core, recurring business and increased investment in growth initiativesFull Year 2024 Financial Performance achieves outlook: Revenue of $2.5 billion driven by instant ticket and draw game sales in the U.S. & Canada and ItalyIncome from continuing operations of $271 million with associated margin of 10.8% Delivered Adjusted EBITDA of $
LONDON, Jan. 28, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast on Tuesday, February 25, 2025 to discuss fourth quarter and full year 2024 results for the period ended December 31, 2024. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our sol
Q3'24 revenue of $587 million reflects sustained momentum in Italy and improved U.S. instant ticket and draw game wagers Operating income of $110 million includes $38 million restructuring charge associated with proactively optimizing general & administrative and operating activities following transformational actions over the last several yearsAdjusted EBITDA of $264 million and Adjusted EBITDA margin of 44.9% highlight attractive profit profile of pure play lottery businessYear-to-date cash from operations of $724 million, with $489 million from continuing operations; continuing operations represents over 85% of year-to-date consolidated free cash flowIntroducing Q4'24 and FY'24 outlook fo
LONDON, Oct. 15, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss third quarter 2024 results for the period ended September 30, 2024 on Tuesday, November 12, 2024. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver
Achieved record H1'24 Operating income and Adjusted EBITDA excluding Separation and divestiture costsDelivered Q2'24 revenue of $1.05 billion and Operating income of $230 million, in line with outlook; Adjusted EBITDA was $420 millionBest-in-class technology and solutions bolster Global Lottery portfolio while advancing key strategic initiatives; compelling games driving Gaming & Digital performanceGenerated over $460 million in cash from operations and over $260 million in free cash flow in the first half of the yearLONDON, July 30, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the second quarter ended June 30, 2024. Today, at
Companies to Move Forward Under Private Ownership Everi Stockholders to Receive $14.25 Per Share in Cash, Representing a Significant Premium for Stockholders; IGT to Receive $4.05 Billion of Gross Cash Proceeds LONDON and LAS VEGAS, July 26, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") and Everi Holdings Inc. (NYSE:EVRI) ("Everi") today announced that they have entered into definitive agreements whereby IGT's Gaming & Digital business ("IGT Gaming") and Everi will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction
LONDON, July 2, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss second quarter 2024 results for the period ended June 30, 2024 on Tuesday, July 30, 2024 IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled
Revenue of $1.07 billion, up 1% from the prior year, driven by strong Global Lottery growth, partially offset by timing of Gaming & Digital product sales Operating income of $256 million in line with the prior year while operating income margin of 24.0% exceeded expectations by approximately 400 basis points; excluding Separation & divestiture costs, operating income increased 7% to a record $273 million and the margin expanded 150 basis points Adjusted EBITDA of $443 million and Adjusted EBITDA margin of 41.5%; excluding Separation & divestiture costs, Adjusted EBITDA was $461 million and the margin improved 80 basis points to 43.1%Upgrading FY'24 outlook on strong Q1'24 resultsLONDON, May