Argus•November 17, 2020International Game Technology PLC: Maintaining HOLD following 3Q results
International Game Technology PLC designs, manufactures, and markets electronic gaming equipment. Its IGT Global Solutions division designs and markets lottery systems to lotteries worldwide. In April 2015, International Game Technology was acquired by Italian gaming company GTECH S.p.A. in a transaction valued at $6.4 billion. The transaction was financed with $4.7 billion in cash and stock and included the assumption of $1.7 billion in debt. The merged company operates as International Game Technology PLC. With a market capitalization of $1.7 billion, IGT shares are generally considered mid-cap growth.
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Analyst Profile
John D. Staszak, CFA
Securities Analyst: Consumer Discretionary & Consumer Staples