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 |
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
LONDON, April 11, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss first quarter 2024 results for the period ended March 31, 2024 on Tuesday, May 14, 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 unrival
Fourth Quarter 2023 Financial Performance Achieves Outlook: Revenue of $1.1 billion driven by 7% Global Lottery growthOperating income rose 11% to $256 million, with strength across Global Lottery, Global Gaming, and PlayDigital; operating income margin expanded 160 basis points to 22.7%Full Year 2023 Financial Performance Delivers Record Profit on Continued Momentum Across Segments: Revenue of $4.3 billion, up 2% year-over-year and 7% net of Italy commercial services sale, driven by Global Lottery same-store sales growth and a 9% increase in both Global Gaming and PlayDigitalOperating income rose 9% to a record $1.0 billion with growth across segments; operating income margin improved 140 b
Business combination creates a comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and servicesComplementary offering coupled with global reach provides compelling growth prospects with significant synergy opportunitiesAttractive recurring revenue profile and strong profit margins, balance sheet, and cash flows provide flexibility to allocate capital to drive long-term shareholder value creationIGT CEO Vince Sadusky to lead combined company with executives from both companies in key leadership roles; Everi Executive Chairman Michael Rumbolz to serve as chairman of the board of directors of the combined companyIGT Global Lottery business to
LONDON, Feb. 14, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss fourth quarter and full year 2023 results for the period ended December 31, 2023 on Tuesday, March 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 sol
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
6-K - International Game Technology PLC (0001619762) (Filer)
6-K - International Game Technology PLC (0001619762) (Filer)
6-K - International Game Technology PLC (0001619762) (Filer)
6-K - International Game Technology PLC (0001619762) (Filer)
144 - International Game Technology PLC (0001619762) (Subject)
6-K - International Game Technology PLC (0001619762) (Filer)
6-K - International Game Technology PLC (0001619762) (Filer)
6-K - International Game Technology PLC (0001619762) (Filer)
6-K - International Game Technology PLC (0001619762) (Filer)
6-K - International Game Technology PLC (0001619762) (Filer)
LONDON, Nov. 21, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), in connection with the previously announced transaction (the "Proposed Transaction") whereby IGT's Gaming & Digital business ("IGT Gaming") and Everi Holdings Inc. (NYSE:EVRI) will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO). IGT) is a global leader in gaming. We deliver entertaining and responsi
LAS VEGAS, Nov. 14, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, announced today that its stockholders have voted at a special meeting of Everi stockholders (the "Special Meeting") to approve the pending simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology PLC (NYSE:IGT) by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (the "Apollo Funds") through a merger. As previously announced, pursuant to the terms of
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
Company to deliver top-performing instant ticket games to one of the world's largest lotteries LONDON, Oct. 22, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a three-year contract with La Française des Jeux ("FDJ"), the operator of the French National Lottery, to deliver innovative instant ticket games. This contract was awarded following a competitive procurement process, and reflects a longstanding partnership between IGT and FDJ, built on mutual trust and a shared commitment to global sustainability. IGT) is a glo
Company invites WLS attendees to experience the player journey by demonstrating industry-leading lottery products LONDON, Oct. 15, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it will present an impressive portfolio of premium lottery solutions at the World Lottery Summit ("WLS") 2024, Oct. 21-24, in Paris. In booth 30 at the Palais des Congrès de Paris, IGT will exhibit its "Future Forward, Growth Driven" approach with a suite of enhanced digital and retail products, compelling new games, popular licensed brands, and pioneering solutions that propel lottery sales and engage new and existing players.
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
Company's transformative suite of player-engagement marketing tools wins top prize in prestigious awards program LONDON, Oct. 8, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that its IGT PlayDigital™ Engagement Platform won the "Digital Product of the Year" category at the 2024 Global Gaming Awards Americas. Now in its eleventh year, the acclaimed program is held in conjunction with the Global Gaming Expo ("G2E") in Las Vegas and honors the gaming industry's outstanding performers from the previous 12 months. IGT) is a global leader in gaming. We deliver entertaining and responsib
LONDON, Oct. 7, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that IGT PlayDigital™ recently released the award-winning Mystery of the Lamp™ game in several U.S. online gaming jurisdictions – New Jersey, Pennsylvania, Michigan and West Virginia. IGT's Mystery of the Lamp game rose to super-star status by achieving high performance in land-based casinos worldwide and winning "Top Performing NEW Premium Game" at the lauded 2024 EKG Slot Awards Show. IGT PlayDigital's version of the player-favorite game retains many of the same attribut
Company continues winning streak in premium MLP category with breakout performer Tiger and Dragon achieving Gold in coveted award category; IGT PlaySports and IGT Slot Marker recognized for excellence with Silver awards LONDON, Oct. 3, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that its Tiger and Dragon™ multi-level progressive ("MLP") game won the "Best Slot Product" category in the 2025 GGB Gaming & Technology Awards. Sponsored by Global Gaming Business Magazine, the GGB Gaming & Technology Awards are one of the casino industry's most prestigious awards, recognizing excellence and innovation in technology, products, and services that enhance
LONDON, Oct. 3, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a 10-year contract extension with the North Carolina Education Lottery ("NCEL"). The contract extension will begin July 1, 2027, and run through June 2037. The NCEL has been a valued IGT customer since the Lottery began in 2006. 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
Company will deploy new lottery central system, upgrade all retailer equipment and launch a mobile convenience app with Scan and Redeem as part of seven-year contract
Under the terms of the agreement, IGT will provide its advanced Intelligen™ central monitoring system hardware and software, with continual monitoring and support for more than 10,000 video lottery terminal machines distributed throughout seven racinos across Ohio: Belterra Park Cincinnati, Eldorado Scioto Downs, Jack Thistledown Racino, Hollywood Gaming Dayton Raceway, Hollywood Gaming Mahoning Valley Race Course, MGM Northfield Park and Miami Valley Gaming.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Mizuho analyst Gabriel Moreen upgraded the rating for USA Compression Partners, LP (NYSE:USAC) from Underperform to Neutral, while raising the price target from $23 to $26. USA Compression Partners shares fell 0.7% to close at $23.88 on Wednesday. See how other analysts view this stock. Stifel analyst Jeffrey Stantial upgraded International Game Technology PLC (NYSE:IGT) from Hold to Buy and boosted the price target from $24 to $26. Intl Game Tech shares fell 0.7% to settle at $19.10 on Wednesday.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler slashed the price target for Salesforce, Inc. (NYSE:CRM) from $300 to $250. Piper Sandler analyst Brent Bracelin maintained a Neutral rating. Salesforce shares gained 0.7% to close at $271.62 on Wednesday. See how other analysts view this stock. Needham increased the price target for Pure Storage, Inc. (NYSE:PSTG) from $66 to $80. Needham analyst Mike Cikos maintained a Buy rating. Pure Storage shares gained 0.8% to close at $63.00 on Wednesday. See how other analysts view this stock.
Stifel analyst Jeffrey Stantial upgrades Intl Game Tech (NYSE:IGT) from Hold to Buy and raises the price target from $24 to $26.
As part of the agreements, IGT will deploy a mobile convenience app, new GameTouch™ 28 self-service terminals and its Sales Wizard retail automation tool.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector. Marriott Vacations Worldwide Corporation (NYSE:VAC) Dividend Yield: 3.10% Stifel analyst Simon Yarmak maintained a Bu
As part of Northern Waters' sportsbook enhancements, the casino plans to deploy IGT's PeakBarTop cabinets with Total Gaming software.
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
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