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 |
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
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
IGT Tiger and Dragon Cash on Reels game wins two coveted award categories, IGT PlayDigital named "Best Overall Supplier of Online Content" LONDON, March 4, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that the Company was celebrated for its casino game design, performance and innovation by winning seven awards at the 2025 EKG Slot Awards Show. The EKG Slot Awards Show is a performance-based, annual program produced by Eilers & Krejcik Gaming ("EKG") that recognizes excellence in slot game development in the casino gaming industry. IGT won the most awards of any gaming industry supplier, taking home trophies for seven of the program's 25 categorie
LONDON, Feb. 27, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that IGT PlaySports™ is growing its sports betting presence in Nevada via a three-property, sports betting technology and services agreement with GN NV Holdings, LLC, owner and operator of the Golden Nugget Casinos. Per the agreement and through a phased rollout, IGT PlaySports will power retail and mobile sports betting at Golden Nugget Casino Lake Tahoe first, followed by Golden Nugget Casino Las Vegas, and Golden Nugget Casino Laughlin. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming
LONDON, Feb. 25, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT" or the "Company") (NYSE:IGT) announced that its 2024 Annual Report on Form 20-F was filed with the U.S. Securities and Exchange Commission today, February 25, 2025, in accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual. IGT's 2024 Annual Report on Form 20-F includes the Company's audited financial statements for the year ended December 31, 2024. A copy of IGT's 2024 Annual Report on Form 20-F is available in the Investor Relations section of the Company's website, www.IGT.com, and is also accessible at www.sec.gov.
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 $
Company ranks in the 97th percentile in the Travel and Leisure sector LONDON, Feb. 18, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it achieved an environmental, social and governance ("ESG") Score of 4.3 out of 5.0 from FTSE Russell, positioning IGT in the 97th percentile within the Travel and Leisure sector of FTSE Russell's ESG Scores. This was an improvement from IGT's previous ESG Score of 4.2 out of 5.0 in 2023, demonstrating its ongoing commitment to enhancing ESG performance. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences
LONDON, Feb. 13, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that its subsidiary, IGT Global Solutions Corporation, signed a nine-year contract extension with the Tennessee Education Lottery ("TEL"). The contract extension begins June 2027 and runs through June 2036. The TEL has been a valued IGT customer since 2004. 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, substant
IGT expands celebrated Wheel of Fortune slots portfolio with new Cash Link™ Big Money™ game at luxury Northern California casino LONDON, Feb. 12, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) and Graton Resort & Casino announced today the global debut of IGT's Wheel of Fortune Trio cabinet featuring the new Wheel of Fortune Cash Link Big Money video slots game. Guests of the Rohnert Park, Calif. casino will be the first players in the world to experience the latest entertainment showcase from IGT's renowned Wheel of Fortune slots brand. "Graton Res
LONDON, Jan. 30, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT" or the "Company") (NYSE:IGT) announced today that it achieved an improved score for the fifth consecutive year in the 2024 S&P Corporate Sustainability Assessment ("CSA"), demonstrating strong year-over-year environmental, social and governance ("ESG") performance. 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 in
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
Company wins "Lottery Product of the Year" for third straight year at the International Gaming Awards and named "Best Diversity and Inclusion Employer" for fourth consecutive year at the European Casino Awards LONDON, Jan. 22, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it was recognized with top honors in two prominent award programs held in conjunction with ICE Barcelona 2025: the International Gaming Awards and the European Casino Awards. IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regu
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
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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