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 |
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.
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
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LONDON, Sept. 11, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced the successful pricing of €500,000,000 4.250% Senior Secured Notes due 2030 to be issued by IGT Lottery Holdings B.V., a wholly-owned subsidiary of IGT, and to be guaranteed on a senior basis by IGT and certain of its wholly‑owned subsidiaries (the "Notes"). 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, substa
LONDON, Sept. 10, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced a benchmark offering of senior secured notes denominated in euros due 2030 (the "Notes"), by IGT Lottery Holdings B.V., a wholly-owned subsidiary of IGT, subject to customary market and closing conditions (the "Offering"). Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regu
Company will deliver premier instant ticket games to lottery players in Portugal LONDON , Aug. 22, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a three-year primary instant ticket printing and related services contract with longtime partner Santa Casa da Misericórdia de Lisboa ("SCML"), Portugal's national lottery. The contract was awarded following a competitive procurement. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated s
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
Atlantis Casino Resort Spa and Monarch Casino Resort Spa are the latest gaming venues to power retail and mobile sports betting with IGT PlaySports technology LONDON, Aug. 5, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it expanded its sports betting footprint in Nevada and Colorado through an IGT PlaySports™ technology and services agreement with Monarch Casino & Resort, Inc. (NASDAQ:MCRI). Per the agreement, the award-winning IGT PlaySports platform and trading advisory services are powering retail and mobile sports betting at Atlantis Casino Resort Spa in Reno, Nev. and Monarch Casino Resort Spa in Black Hawk, Colo.
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
Company earned top score in the 2024 Disability Equality Index for the second consecutive year in the U.S. and first time in the UK for recognizing disability inclusion in the workplace LONDON, July 18, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it earned a top score in the 2024 Disability Equality Index® and was named a "Best Place to Work for Disability Inclusion" for the second consecutive year in the U.S. and the first time in the UK. In 2024, IGT received a score of 100 and was one of 542 corporations that utilized the Disability Equality Index to benchmark their disability inclusion efforts.
Longtime industry visionary to be honored during World Lottery Summit 2024 LONDON, July 17, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that Renato Ascoli, IGT CEO Global Lottery, will be inducted into the Lottery Industry Hall of Fame as a member of the Class of 2024. Ascoli will be honored later this year at an event hosted by the Public Gaming Research Institute (PGRI) in conjunction with the World Lottery Summit in Paris. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from L
Company signs five-year contract to resume supplying its instant ticket games to the region LONDON, July 9, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a five-year contract with Organización Nacional de Ciegos Espanoles ("ONCE") to print exciting instant ticket games for lottery players in Spain. As part of the contract, which runs through 2029, IGT will print a portion of ONCE's new instant tickets. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all
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, Feb. 1, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has extended its contract with UAB Perlas Network ("Perlas") for an additional 12 years until 2035. As part of the agreement, IGT will provide upgrades to the Lottery's central retail system including advanced software and user interfaces. 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 we
LONDON, Jan. 29, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it will showcase a comprehensive portfolio of performance-focused gaming, iGaming, iLottery, systems and sports betting solutions in stand N3-150 at ICE London 2024 ("ICE"), Feb. 6-8, 2024. The three-day event is hailed as the gaming industry's largest trade show and is an opportunity for IGT to demonstrate its leadership in research-driven gaming solutions that propel growth and generate player excitement. "IGT brings a strong international product offering to ICE L
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