Intl Game Tech (NYSE:IGT) Azioni

Intl Game Tech

International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company operates into single segment namely Gaming & Digital. Geographically, it derives a majority of revenue from the United States. The company also has its presence in Italy, Rest of Europe and Other countries.

International Game Technology Ordinary Shares

International Game Technology PLC

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Reported June 1, 2025: 'New Taxes On Sports Bets, Nicotine Products As Democrats Pass $55.2B Budget' - Capital News Illinois

Stifel analyst Jeffrey Stantial reiterates Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) with a Buy and lowers the price target from $22 to $20.

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Stifel Reiterates Buy on Intl Game Tech, Lowers Price Target to $20

International Game Technology PLC ("IGT") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) announced today that the Judging Commission completed its analysis of the technical and economic offers in the bid for the Italy Lotto License and will propose LottoItalia, a consortium comprised of Allwyn, Arianna 2001 and Novomatic Italia and led by IGT, to the Agenzia delle Dogane e dei Monopoli ("ADM"), which is expected to make the award notice within the next 35 days.&nbsp;
<a href="https://mma.prnewswire.com/media/453980/IGT_Logo.html">igtIGT</a>) 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 gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com." alt="IGT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) 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 gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com."&gt;
"The Italian Lotto concession is one of the world's most important lottery contracts. IGT and its predecessor companies have successfully managed the license for 30+ years through constant innovation and the introduction of cutting-edge technology," said Marco Sala, IGT Executive Chair of the Board. "The award is very gratifying, and we are honored and excited to continue working with the ADM for nine more years."
"The €2,230 million&nbsp;investments in upfront fees reflect the significant value of the new license and IGT is confident that the investment will enhance our revenue and profit potential," said Vince Sadusky, IGT CEO. "The exciting innovation pipeline with fresh launches planned for commencement of the new license will drive Lotto wager growth. In addition, we plan to significantly grow our iLottery sales and leverage that momentum to expand into the Italian B2C iCasino, sports betting, and other digital gaming business."
The consortium's bid was comprised of a €2,230 million&nbsp;upfront license fee payable in three installments between the time of award and April 2026. IGT currently expects the first two installments of €500 million and €300 million to be made in 2025, with the balance made in 2026.
The nine-year license term secures the business until November 2034. The concession rate collected from total wagers is six percent and an additional eight percent gross fee is collected through the digital channel as a distributor fee.
IGT maintains operational control of the business. Allwyn Entertainment is committed to the consortium and contributes a pro-rata share of license fees and capital expenditure.

IGT-Led Group Set to Win Italy Lotto License in €2.2B Deal Securing Nine-Year Term

Susquehanna analyst Joseph Stauff maintains Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) with a Positive and lowers the price target from $30 to $25.

Susquehanna Maintains Positive on Intl Game Tech, Lowers Price Target to $25

International Game Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) shares are trading lower on Tuesday, after the <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">company reported first-quarter results.</a>
The company reported quarterly adjusted earnings per share of nine cents, missing the<a href="https://www.benzinga.com/pressreleases/25/05/n45370958/international-game-technology-plc-reports-first-quarter-2025-results" target="_blank" rel="noreferrer noopener"> analyst consensus estimate of 11 cents</a>. Quarterly sales of $583 million (down 12% year over year) missed the street view of $627.84 million.
Instant ticket and draw-based revenue was affected by calendar shifts. Normalized global same-store sales rose 1.4%, adjusting for leap year and scheduling differences across key regions.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/05/45382639/bank-of-america-bets-on-brick-and-mortar-expansion-plans-include-60-markets-worldwide" rel="noreferrer noopener">Bank Of America Bets On Brick-And-Mortar, Expansion Plans Include 60 Markets Worldwide</a>
Adjusted EBITDA fell 24% on a year-over-year basis to $250 million, while adjusted EBITDA margin contracted to 42.8% from 49.5% a year ago.
Adjusted EBITDA declined due to the absence of strong profit flow-through from elevated U.S. multi-state jackpot sales and related incentives seen last year.
Additional pressure came from new growth investments, rebranding costs tied to separating Lottery from Gaming &amp; Digital, and adverse foreign currency translation.
Operating income slumped 37% year-over-year to $138 million, while operating margin contracted to 23.7% from 33.1% in the year-ago period.
Operating income declined, mainly due to factors impacting adjusted EBITDA. A foreign exchange loss replaced last year's gain, driven by EUR/USD debt fluctuations.
As of March 31, 2025, total liquidity stood at $2.2 billion. This included $600 million in unrestricted cash and $1.5 billion in available credit capacity.
Dividend: The company declared a quarterly cash dividend of 20 cents per common share. The dividend will be paid on June 12 to shareholders of record as of May 29.
Outlook: International Game Technology narrowed its FY2025 sales guidance to $2.55 billion, down from the previous range of $2.55 billion to $2.65 billion, and compared with the $2.57 billion estimate.
&#8220;Given lower U.S. multi-state jackpot activity and the current worsening macroeconomic environment, we believe it is likely we will be at the low end of the full-year revenue and Adjusted EBITDA guidance provided in February,&#8221; said Max Chiara, CFO of IGT.
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Photo: IGT Wheel of Fortune DiamondRS Premium Wheel Cabinet Makes US Casino Debut, Courtesy IGT

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International Game Technology Misses Q1 Earnings During Margin Pressure; Trims Outlook On Weaker Jackpot Sales, Macroeconomic Headwinds

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International Game Technology shares are trading lower after the company reported worse-than-expected Q1 financial results and narrowed its FY25 sales guidance.

Full Year 2025 Outlook and Guidance Policy Given lower U.S. multi-state jackpot activity and the current worsening macroeconomic environment, the Company now expects revenue of approximately $2.55 billion and Adjusted EBITDA of approximately $1.10 billion, which align with the low end of the original ranges provided in February 2025; cash from operations is now expected to be a use of approximately $350 million, primarily to account for the incremental FX impact on the first two installments of the Italy Lotto license fee.
The Company provides guidance of select information related to its financial and operating performance, and such measures may differ from year to year. The guidance is only an estimate of what the Company believes is realizable as of the date of this release. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

Intl Game Tech Narrows FY2025 Sales Guidance from $2.55B-$2.65B to $2.55B vs $2.57B Est

Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.11 by 18.18 percent. This is a 67.86 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $583.00 million which missed the analyst consensus estimate of $627.84 million by 7.14 percent. This is a 11.80 percent decrease over sales of $661.00 million the same period last year.

Earnings Misses

Intl Game Tech Q1 Adj. EPS $0.09 Misses $0.11 Estimate, Sales $583.00M Miss $627.84M Estimate

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Earnings Scheduled For May 13, 2025

International Game Technology PLC ("IGT") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) announced today that IGT PlaySports&#x2122; 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 Powers Retail Sports Betting at Silver Reef Casino, Expanding Presence in Washington State

International Game Technology Signs Multi-Year Agreement With Red Earth Casino In Thermal To Displace Competing Casino Management System With IGT ADVANTAGE CMS

Truist Securities analyst Barry Jonas maintains Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) with a Hold and lowers the price target from $20 to $18.

Truist Securities Maintains Hold on Intl Game Tech, Lowers Price Target to $18

Stifel analyst Jeffrey Stantial maintains Intl Game Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) with a Buy and lowers the price target from $26 to $22.

Stifel Maintains Buy on Intl Game Tech, Lowers Price Target to $22

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Shares of restaurant and lodging-related companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

International Game Technologies And Galaxy Gaming Announce Five-Year Licensing Agreement For Online Table Games

BofA Securities analyst disclosed views about the future of prediction <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color" rel="noreferrer noopener">markets for online sports betting</a>.
Since December 2024, prediction markets such as Kalshi, Crypto.com, and Polymarket have significantly impacted the U.S. sports betting industry, introducing an increasing variety of markets and betting options on a national scale, writes the analyst.
The analyst says that this trend, combined with an evolving regulatory environment, presents an area that both online sports betting (OSB) operators and investors should monitor closely.
Talking about the best scenario, the analyst writes that prediction markets can enhance the sports betting sector by attracting new customers, expanding the total addressable market (TAM), and creating a convergence between sports betting and financial technology.
The analyst sees opportunities for collaboration between these technologies, and the forthcoming regulatory guidance from the Commodities Futures Trading Commission (CFTC) in late March or early April could drive further interest in this nascent field.
Notably, on 2/5, the CFTC revealed plans for a roundtable discussion on prediction markets to gather input from key stakeholders as it works on refining its regulatory framework.
This event is anticipated to occur approximately 45 days after the February 5th announcement (specific date has not been confirmed) and the 90-day review period for Crypto.com's sports contracts will conclude in mid-April, adds the analyst.
The analyst notes that these events are expected to provide essential clarity on the regulatory landscape for sports-related prediction markets.
On the other hand, the analyst says that there is potential for legal challenges under CFTC regulations and the Wire Act.
On March 5, Nevada issued a cease-and-desist order to Kalshi, requiring them to stop offering event-based contracts on sports and elections by March 14 (extended at Kalshi&#8217;s request). California tribes have raised concerns about prediction markets impacting tribal sovereignty, notes the analyst.
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Photo by sutadimages on Shutterstock.

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BofA Analyst Highlights Regulatory Clarity As Key To Unlocking Potential Of Sports Prediction Market

International Game Technology&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>)&nbsp;reported fourth-quarter adjusted earnings per share of 22 cents,&nbsp;missing the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of 37 cents</a>.
Quarterly sales of $651 million (down 4%) missed the <a href="https://www.benzinga.com/pressreleases/25/02/n43936004/international-game-technology-plc-reports-fourth-quarter-and-full-year-2024-results" target="_blank" rel="noreferrer noopener">analyst consensus of $657.84 million</a>.
Sales fell as elevated U.S. multi-state jackpot activity in the prior year offset strong instant ticket and draw game same-store sales growth across jurisdictions.
Also Read: <a href="https://www.benzinga.com/25/02/43920072/taiwan-semiconductor-poised-for-surge-goldman-sachs-predicts-rising-demand-for-taipei-traded-shares" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Poised For Surge, Goldman Sachs Predicts Rising Demand For Taipei-Traded Stock: Report</a>
Italy saw a 7.0% increase in same-store sales.
Operating income fell 9% to $179 million while operating income margin contracted to 27.4% from 29.0%.
Adjusted EBITDA declined 8% to $290 million. The adjusted EBITDA margin decreased to 44.5% from 46.4% in the previous period.
International Game Technology's long-term debt, which is less current, pegs at $5.15 billion as of the quarter end. As of Dec. 31, the company reported total liquidity of $1.9 billion, including $584 million in unrestricted cash and $1.4 billion in available borrowing capacity from undrawn credit facilities.
2024 was a year of momentous transformation with the conclusion of the company&#8217;s strategic review and the sale of its Gaming &amp; Digital business for&nbsp;$4.05 billion&nbsp;in cash,&nbsp;CEO Vince Sadusky noted.
Outlook:&nbsp;International Game Technology expects fiscal 2025 revenue of $2.55 billion-$2.65 billion, against the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$2.55 billion estimate</a>.
Price Action:&nbsp;IGT stock closed lower by 1.00% at $17.77 Monday.
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International Game Technology Misses Q4 Earnings Estimates Amid Jackpot Slowdown

Outlook for Fiscal 2025 and Guidance Policy Strong, core recurring business provides solid foundation for 2025:
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<li>Revenue of $2.55 - $2.65 billion, up low-mid single digits
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<li>Global same-store sales up low-single-digits</li>
<li>Higher product sales, driven by sustainable instant ticket services growth</li>
<li>H1'25 impacted by an estimated $40 - $50 million from lower U.S. Multi-state Jackpot activity and associated LMA incentives, accounting for lower expected revenue in Q1'25 versus Q1'24</li>
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<li>Adjusted EBITDA of $1.10 - $1.15 billion
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<li>Flow-through of lower U.S. Multi-state Jackpot activity and associated&nbsp;LMA incentives referenced above</li>
<li>$25 million of increased investment in the business (contract&nbsp;rebids and extensions, cloud-based solutions, network optimization), which are mostly concentrated in H1'25 and are expected to deliver future capital expenditure efficiencies</li>
<li>Q1'25 Adjusted EBITDA down approximately $70 million, primarily on lower U.S. Multi-state Jackpot activity and associated LMA incentives, in addition to unfavorable product mix and investment in the business; in the balance of the year, Adjusted EBITDA is aligned with the prior year, including growth in H2'25</li>
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<li>Net cash used in operating activities of approximately $300 million
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<li>Includes €800 million (approximately $850 million) related to first two installments of Italy Lotto upfront license fee (reflects 100% consolidation of Italy joint venture; minority partner contributions representing their pro rata share are recorded in cash flows from financing activities)</li>
<li>Ex-Lotto license fee and compared to FY'24, cash flow performance impacted approximately one-third by the lower forecasted Adjusted EBITDA and two-thirds by the timing of certain working capital items</li>
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<li>Capital expenditures of approximately $450 million; reflects increased investments related to contract wins, extensions, and upcoming bids</li>
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Intl Game Tech Expects FY25 Revenue Of $2.55B-$2.65B Vs $2.55B Est

Intl Game Tech Q4 2024 Adj. EPS $0.22 Misses $0.37 Estimate, Sales $651.000M Miss $657.835M Estimate

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