Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
International Game Technology PLC to Host First Quarter 2020 Results Conference Call on Monday, May 18, 2020 PR Newswire (US) - 5/11/2020 4:31:00 PM
IGT Signs Long-Term Facilities Management and Licensing Contract with SAZKA in Czech Republic PR Newswire (US) - 5/5/2020 4:31:00 PM
I
International Game T (IGT)
7.72 ? 0.26 (3.49%)
Volume: 2,409,094 @05/19/20 1:32:45 PM EDT
Bid Ask Day's Range
- - 7.1 - 7.82
IGT Detailed Quote
Decided to get in early ahead Monday results...hope they’re good
https://www.igt.com/Explore-IGT/News/News-Room-Details?Index=202005112001
* * $IGT Video Chart 03-10-2020 * *
Link to Video - click here to watch the technical chart video
News: $IGT Why American Outdoor Brands, International Game Technology, and Dillard's Jumped Today
The stock market came under modest pressure on Thursday, although pullbacks were still relatively small and major benchmarks stayed close to their historic highs. Bad news on the earnings front from a major tech company weighed on investor sentiment, and some worried rising unemployment claims w...
Find out more IGT - Why American Outdoor Brands, International Game Technology, and Dillard's Jumped Today
* * $IGT Video Chart 11-14-19 * *
Link to Video - click here to watch the technical chart video
News: $IGT Why International Game Technology's Shares Popped 23.4% Today
Shares of casinos and lottery supplier International Game Technology (NYSE: IGT) jumped as much as 23.4% in trading Thursday after the company reported third-quarter earnings. At 2:50 p.m. EST, shares were still up 23% and holding gains. Revenue was up 3% on a constant-currency basis,...
Read the whole news IGT - Why International Game Technology's Shares Popped 23.4% Today
News: $IGT International Game Technology PLC Reports Third Quarter 2019 Results
LONDON , Nov. 14, 2019 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the third quarter ended September 30, 2019 . Today, at 8:00 a.m. EST , management will host a conference call and webcast to present the results; access ...
Got this from IGT - International Game Technology PLC Reports Third Quarter 2019 Results
It would be nice if they would settle the mass action suit down here in Texas. I believe it would help the "struggling" share price. Can't help but wonder if insiders are hitting the exits?
Any thoughts on share price tumbling any further?
Best-In-Class Technology and Operational Expertise Combined to Deliver Full Service Solutions Nationwide
LONDON, Sept. 25, 2018 /PRNewswire/ -- IGT Global Solutions Corporation, a wholly-owned subsidiary of International Game Technology PLC ("IGT") (NYSE:IGT) and William Hill U.S., a subsidiary of William Hill PLC (LON:WMH), today announced that they have entered into a multi-year agreement to offer U.S. lotteries a full service solution for sports betting. Together, the companies are able to offer U.S. lotteries a fully-managed solution to meet all their current and future needs in sports betting, both maximizing revenues to each state and ensuring a reliable, attractive, and innovative service for players.
This new partnership seeks to build upon the already successful pairing between the companies which resulted in IGT being awarded the contract to run sports betting for the Rhode Island Lottery together with William Hill. Under the terms of the partnership, the companies will jointly consider all future sports betting opportunities and bid requests from U.S. lotteries on a mutually exclusive basis. Commercial terms between the partners were not disclosed.
The combined offer to U.S. lotteries under the new agreement will comprise IGT's PlayShot(TM) end-to-end sports betting platform for land-based, retail, online, and mobile with William Hill's operational, trading, player management, and strategic expertise in U.S. sports books. IGT's PlayShot sports betting platform is already live in four U.S. states as a dedicated B2B solution for sportsbook operators. William Hill operates sports books under its own or partner brands or provides risk management services in all five states where sports betting is active today.
"We are delighted to be partnering with William Hill, whose proven leadership and capability in U.S. sports betting operations will ensure that we are able to fully support our lottery customers as states start to regulate these products. Through this unique partnership, our customers will be able to enter this new activity with total confidence and trust in the service being offered," said Renato Ascoli, IGT CEO, North America. "IGT is uniquely positioned as a leader in both lottery and sports betting technologies to deliver innovative solutions that will expand the possibilities for players and for lotteries themselves in this exciting new market. By forming this partnership with William Hill, we are able to bring to our lottery customers in every state a world-class combination of technology and operational expertise."
"We are delighted to be expanding our relationship with IGT to address the U.S. lottery market together," said Joe Asher, CEO of William Hill U.S. "William Hill's track record as an operator globally, and our clear leadership as a sports book operator in the U.S., in particular, mean that U.S. lotteries can be confident that in choosing IGT and us together, they will be benefiting from a reliable, trustworthy, and responsibly-managed solution -- maximizing revenues to each state with a quality product and service."
Intl Game Tech and William Hill US (WIMHY unit) entered into multi-year agreement to offer US lotteries a full service solution for sports betting
September 25, 2018
This new partnership seeks to build upon the already successful pairing between the companies which resulted in IGT being awarded the contract to run sports betting for the Rhode Island Lottery together with William Hill. Under the terms of the partnership, the companies will jointly consider all future sports betting opportunities and bid requests from U.S. lotteries on a mutually exclusive basis. Commercial terms between the partners were not disclosed.
Fun fives - maybe a lot of fun for them, but a drop in the bucket and great buy op.
What will the Texas fun fives lawsuit do to this when they are ordered to pay? It seems to me they would have already paid, instead of accumulating a lot of legal fees, and then have to pay. Lanier law firm is pushing for 5X damages. Ouch!!
IGT SEC Admin Proceeding:
https://www.sec.gov/litigation/admin/2016/34-78991.pdf
Two Stocks Worth a Wager (3/26/16)
Real Industry, backed by Sam Zell, and International Game Technology look like buys at current prices.
By David Englander
Shares of Real Industry have had a real dismal couple of months. Commodity-price weakness and investor aversion to leveraged roll-up plays has hurt the stock, which has traded down 25% since the end of November.
Still, the opportunity in this acquisition-oriented company, backed by investor Sam Zell, looks as compelling today as it did last May, when this column recommended the shares (ticker: RELY). At a recent $7.65, they fetch about the same price they did at the time our story was published. They are still a buy.
Zell controls 7% of Real, formerly known as Signature Group Holdings, which has $900 million in federal net operating losses. The NOLs, which provide a tax shield for future earnings, are a legacy of subprime mortgage originator Fremont General, which filed for bankruptcy protection in 2008. Zell gained control in 2013.
In February 2015, under the leadership of CEO Craig Bouchard, Real made its first acquisition, buying the aluminum-recycling business of Aleris for $525 million.
Another deal could follow this year, which would be a likely catalyst for the stock. In his annual letter, published two weeks ago, Bouchard sounded upbeat about acquisition prospects. As Real steps up its activity, it will realize the value of its NOLs, sending earnings and free cash flow soaring. In a few years, a much higher stock price could result. B. Riley & Co. analyst Josh Nichols puts fair value at more than double the current quote, or $16 a share, assuming Real can monetize all its NOLs.
In 2015, Real generated $58 million in Ebitda (earnings before interest, taxes, depreciation, and amortization) on $1.1 billion in revenue. The results include only 10 months of operations for the recycling business, known as Real Alloy. This year analysts look for $76 million in Ebitda on $1.2 billion in revenue, reflecting the full year of operations. Those estimates don’t include potential acquisitions.
Real Alloy buys scrap aluminum and converts it into reusable metal. It’s one of the largest such businesses in the world, with 24 plants. Most of its finished goods are sold to the auto industry. The business should benefit from increased aluminum usage in cars and trucks.
While Real Alloy has been pressured by weaker aluminum prices, it isn’t overly dependent on the commodity. Last year 55% of its tonnage came from tolling agreements with aluminum mills and auto companies. Under tolling, Real converts customers’ scrap aluminum into finished aluminum for a fee and takes no commodity risk.
In 2015 Real submitted three acquisition offers. Twice, it was outbid, and it walked away from the third deal. In his letter, Bouchard said his priority “is to make accretive acquisitions versus fast acquisitions.” Real is focused on companies with proven managers and high profit margins in sectors such as food, energy, and transportation.
The market turmoil has cut prices for acquisition targets, and that’s an opportunity for buyers. Real relies on the high-yield debt market to get a deal done, and Bouchard believes it will support his next purchase.
In a March 16 report, B. Riley’s Nichols wrote that he expects the company “to make another significant acquisition this year.” If that’s the case, the shares could finish 2016 much higher.
SHARES OF International Game Technology also merit attention. The stock (IGT), at a recent $17.59, is flat since this column featured it last June, following the April merger of lottery operator Gtech and slot machine giant IGT. It still looks attractive.
Two weeks ago IGT reported good earnings for the first time since the merger. The lottery operations have been growing, and the gaming business is stabilizing after a period of losing market share. The company, led by former Gtech CEO Marco Sala, is also ahead on its cost-synergy goals.
IGT is a free-cash-flow-generating monster, with an 80% recurring-revenue base. Management has guided for a normalized annual free cash flow rate of $500 million, or $2.50 a share, in the next few years. This year, revenue could reach $5 billion.
At only seven times free cash flow, the stock is cheap. One holder, Chris Mittleman of Mittleman Brothers, argues that 12 times free cash flow, or $30 a share, represents a “bare minimum fair value.”
IGT draws more than 50% of its revenue from selling slot-machine gaming equipment and content to casinos, and from interactive games, including its popular Double Down. For years, the old IGT had been losing market share in its core slot-machine business to nimbler rivals. Turning around that business is key to a higher stock price. In the recent earnings report, progress was encouraging. Newly developed products have gained traction, and in North America, IGT reported that its installed base is stabilizing.
IGT is also the global leader in managing lotteries. In 2015, lottery revenue grew 7% in North America and 4% internationally. It’s a stable business, secured by long-term contracts with government agencies, and switching costs are high. IGT has a lot of debt from the merger, so its free cash flow is important. Management plans to reduce leverage from 4.5 times Ebitda to four times by 2018.
IGT is 52% controlled by De Agostini, an Italian family-owned private-equity firm. Its chairman, Marco Drago, has racked up an impressive investing record since he took over in 1997, and IGT CEO Sala has been a longtime associate. That’s another thing to like about the stock.
http://www.barrons.com/articles/two-stocks-worth-a-wager-1458970031?mod=BOL_hp_highlight_7
This should get exciting within next couple weeks.
Hoping for a strategic bidding war.
IGT International Game could be acquired by GTECH, Reuters says
GTECH said it is in the middle of preliminary discussions to acquire Las Vegas-based slot machine manufacturer International Game Technology, according to Reuters, citing comments from GTECH.
How high does this go?
The more bidders, the larger jackpot for shareholders.
DJ story: Casino game-maker International Game Technology (IGT) has drawn takeover interest from MacAndrews & Forbes Holdings Inc., Apollo Global Management LLC (APO), GTECH SpA (GTKYY) and Carlyle Group L.P. (CG), Reuters reported Friday on its website, citing people familiar with the matter.
pay divy and goes up/ International Game T (IGT)
15.83 ? 1.48 (10.31%)
Volume: 10,775,192 @ 12:35:22 PM ET
Bid Ask Day's Range
- - 14.2405 - 16.21
IGT Detailed Quote Wiki
I agree completely. That is why I took an exit & am out. Made a really nice profit due to the sudden pop but was hoping to hold indefinitely for a steady divy income and thinking that eventually IGT would get back to the PPS when she use to do FS so I could gain additional shares as well. Best of luck to you on whatever decision you make weather you hold and pray or sell.
International Game T (IGT)
14.245 ? -0.145 (-1.01%)
Volume: 1,437,348 @ 12:00:32 PM ET
Bid Ask Day's Range
- - 14.24 - 14.43
IGT Detailed Quote Wiki
going private doesn't help debt. going private screws shareholders.
then i.p.i. again til clear debt to ipo stuff.
I was thinking along those lines as well. Weather IGT goes private or sells to someone else, it still equals ouch for shareholders. I had just added a third time shortly before the circuit breaker/halt. But now I am out. If IGT comes up with alternative measures then maybe I will consider buying back in. GLTA!
* * IGT Video Chart 6/9/14 * *
Link to Video - click here to watch the technical chart video
Edit: http://in.reuters.com/article/2014/06/09/us-igt-sale-idINKBN0EK1TL20140609
Per yahoo message board: International Game Technology exploring sale, Reuters reports
She sure is. Up we go :)
WOW! Circuit Breaker/Halt? $12 something to $14+? Geepers ~ works for me. Go IGT Go!
Popping now...............
Couldn't resist these scrumptious low PPS so added once again. Time to run IGT :)
Added more today & was a lower PPS 2. Go IGT!
Kev2128, No 2 both.
SP7 did you ever work for a gaming company ot lived in Las Vegas?
IGT heading north. A great entry point IMO. Indian Gaming Tradeshow and Convention in San Diego, CA from May 11 -14.
$13 range around the corner.
I'm in. Nice entry pps. Like the 3.95% divy not to mention 5 FS.
getsplithistory.com/IGT
Go IGT :)
Thanks. Number 317 for for you sir.
Big bug, 122,000 shares! Nice! With the recent reduction in force of 7% will offset some of the lowered revenue. North American gaming has dropped overall, so the RIF was inevitable.
I may grab a starter position here this week?
Q2 should be good here IMO
I would think it would sooner or later??? It's time!
Anybody still here? I think IGT is bound to bounce!
Whoa...look at that trade! 192,000 bought! Hopefully, they know something we don't! Woohoo!
Followers
|
16
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
288
|
Created
|
03/18/11
|
Type
|
Free
|
Moderators |
Shs Outstand | 204.44M
|
Short Float | 7.45% |
Book/sh | 8.11 |
Cash/sh | 3.02 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |