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International Game Technology PLC (IGT)

NYSE - NYSE Delayed Price. Currency in USD
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15.43-0.54 (-3.38%)
At close: 04:00PM EDT
15.11 -0.32 (-2.07%)
After hours: 06:51PM EDT
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  • C
    Chaparro
    I don't think that IGT has another 10% in gains in it. Looks pretty bad here. I actually found (http://Achieverspot.tech) the other day and their stocks are way better...
  • o
    owen
    What a mind blowing profit more than $600k in my wallet all thanks to my crypto analyst who help me pull this great opportunity,
    You too can reach out to him on What*App
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  • o
    owen
    Getting rich off crypto is much tougher than it seems.,, i have only been holding crypto but it hasn't been profitable for me but i see people make a lot of money by investing and trading crypto with Michael Novogratz you can connect with him on tele👉@Michael_Novogratz_1 or What*App +1 386 282 7817
  • t
    tom
    strong buy mid twenties buy year end..
  • p
    p
    So why hasn’t their nearly $400M contact extension with NYS LOTTERY been announced?
  • t
    tom
    added 500 today buy on the dips you will be rewarded
  • L
    Leo
    What a mind blowing profit more than $600k in my wallet all thanks to my crypto analyst who help me pull this great opportunity,
    You too can reach out to him on What*App
    👇👇
    +1 386 282 7817 or tele👉👉 @Michael_Novogratz_1 all crypto investors need to reach out to him
  • b
    buildingc
    What was up with the huge trades today around 10:45am. 800k shares traded, and 20,000 calls traded in conjunction with a 6,000 / 6000 70 cent put spread traded. I really don't understand how these 20,000 option trades come together, it was a million dollar option trade. This trade took place before the spike.
  • N
    Nancy
    It's up to me and I disagree with the I ewe. Never had anything to do with party fowl chuckle a beer or 2...pennies are optional
  • A
    Anonymous
    $3.4 Billion market cap for IGT is a steal.
  • A
    Anonymous
    Coronavirus Lockdown Leads to Gaming Boom: 5 Stocks to Watch
    Zacks Equity Research
    Zacks
    March 27, 2020, 8:04 am

    iGaming systems and digital platforms provider International Game Technology PLC IGT, also makes it up to our list. The company is sure to benefit with its range of poker, bingo, and online casino table and slot games with rapid legalization of online gambling.
  • A
    Anonymous
    Brazil instant lottery will be lucrative for IGT and Scientific Games
    Brazil’s gambling industry looks ready to take off. Nearly a year after the South American country passed its lottery and sports betting law, International Game Technology (IGT) and Scientific Games (SGMT) have been selected as their instant lottery partners, and analysts are very optimistic about their potential profits.

    brazil-instant-lottery-will-be-lucrative-for-igt-and-scientific-games-minTo win the contract, IGT and SGMS agreed to go 50/50 on a total concession payment of R$818 million ($202 million). They’ll be making payments in installments for the privilege, with the first measured at R$97 million ($24 million), with seven additional yearly payments of R$103 million ($25 million).

    Union Gaming analysts have estimated a $25 million startup cost for the two companies. The details of the contract provide that lottery tickets should pay out 65% of sales to winnings, 16.7% to the government and the remaining 18.3% going to the two companies.

    As this is the first instant lottery offering in Brazil, the commission is higher than other markets, and the term longer. A typical term is 5-9 years, whereas IGT and SGMS will get 15. That should help them build up a business in a virgin market. Anlaysts crunching the numbers suggested this will give “IGT/SGMS plenty of time to recoup its investment and make what we estimate could be a very attractive return (~45% IRR).”

    While shares of both IGT and SGMS were up on the news, Union Gaming analysts think traders might be underestimating how lucrative this deal could be. They estimate that by the fifth year of operations, the market could be worth $2.3 billion, based on the $4 billion in national lottery sales the country has. They shared their math on potential sales:

    “IGT/SGMS will receive 18.3% of sales which yields $423m of net revenue. We assume a 25% EBITDA margin which means ~$106m of EBITDA to the JV and $53m each for IGT/SGMS. Using a 7x multiple and a 15% discount rate, we estimate the contract is worth ~$1 per share of present value for IGT and ~$2 for SGMS.

    “Given the relatively low capex (and phased installments), coupled with the sheer size of Brazil, we believe lotex could be one of the more lucrative lottery contracts in both IGT/SGMS portfolios.”
  • A
    Anonymous
    Star Man, get your facts straight.

    Net debt of $7.07 billion compared to $7.32 billion at December 31, 2020; Net debt to LTM Adjusted EBITDA of 5.40x, down from 6.39x at December 31, 2020.

    Since our last earnings call, there have been two additional improvements. First, in late March, we successfully refinance approximately 1 billion notes due in 2022 with a combination of new notes and bank debt and extended maturity date to 2026. Second, the 630-plus-million euro in net proceeds from the sale of the Italy gaming business will contribute to the full redemption of our euro-denominated 2023 note through the exercise of the make-whole call. As you can see, these two changes meaningfully reduce our net near-term debt maturities and will allow us to save, going forward, about 60 million in annual interest cost with the full run rate of savings starting to materialize in Q3 this year.
  • a
    albert
    I have 25oo hundreds sheds igt
  • C
    C
    - Revenue of $1.15 billion, up 3% at constant currency on significant growth in global gaming product sales
    Bullish
  • A
    Anonymous
    $70 price for IGT mentioned by Credit Suisse anslyst:

    Credit Suisse analyst Benjamin Chaiken dubbed International Game Technology (IGT) a “golden ticket” today in an investor note.

    Chaiken, who placed an “outperform” rating on IGT stock, said that such bullishness was in line with improved Wall Street sentiment toward the company. He added that Scientific’s lottery business trades at 14 to 15 times cash flow, while IGT’s is only seven times 2022 cash flow. “Applying a mid-teens multiple on IGT would yield a >$70 stock, vs. $21/share today,” he wrote.

    https://www.cdcgamingreports.com/igt-gets-rave-review-in-investor-note/
  • A
    Aram
    I don’t understand this stock movement numbers from earnings were ok considering the pandemic. In addition with the news with Fan Duel. We should be trading in the 11’s.
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