Latest news with #InternationalGameTechnologyPLC
Yahoo
19-05-2025
- Business
- Yahoo
IGT-Led Consortium Secures the Italy Lotto License
International Game Technology PLC (NYSE:IGT) announced on Monday, May 19, on its website, that the Judging Commission has recommended LottoItalia (a consortium led by IGT that includes Allwyn, Arianna 2001, and Novomatic Italia) for the Italy Lotto License. The final approval from the Agenzia delle Dogane e dei Monopoli (ADM) is expected within the next 35 days. A digital kiosk showing the diverse range of sports betting options available. Marco Sala, Executive Chair of IGT's Board, emphasized the significance of the concession, stating: 'The Italian Lotto is one of the most prestigious lottery contracts worldwide. IGT and its predecessor companies have successfully managed this license for over 30 years, continuously innovating and integrating cutting-edge technology.' The consortium's financial proposal includes a €2,230 million upfront license fee, structured across three installments. IGT anticipates payments of €500 million and €300 million in 2025, with the remaining balance to be settled in 2026. International Game Technology PLC (NYSE:IGT) will retain operational control of the business, while Allwyn Entertainment will remain committed to the consortium, contributing a proportionate share of the license fees and capital expenditures. IGT CEO, Vince Sadusky, emphasized the strategic importance of this event, stating: 'The €2,230 million upfront investment underscores the immense value of this opportunity, and we are confident that it will drive our revenue and profit growth.' While we acknowledge the potential of IGT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IGT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure: None.
Yahoo
19-05-2025
- Business
- Yahoo
IGT-Led Consortium Secures the Italy Lotto License
International Game Technology PLC (NYSE:IGT) announced on Monday, May 19, on its website, that the Judging Commission has recommended LottoItalia (a consortium led by IGT that includes Allwyn, Arianna 2001, and Novomatic Italia) for the Italy Lotto License. The final approval from the Agenzia delle Dogane e dei Monopoli (ADM) is expected within the next 35 days. A digital kiosk showing the diverse range of sports betting options available. Marco Sala, Executive Chair of IGT's Board, emphasized the significance of the concession, stating: 'The Italian Lotto is one of the most prestigious lottery contracts worldwide. IGT and its predecessor companies have successfully managed this license for over 30 years, continuously innovating and integrating cutting-edge technology.' The consortium's financial proposal includes a €2,230 million upfront license fee, structured across three installments. IGT anticipates payments of €500 million and €300 million in 2025, with the remaining balance to be settled in 2026. International Game Technology PLC (NYSE:IGT) will retain operational control of the business, while Allwyn Entertainment will remain committed to the consortium, contributing a proportionate share of the license fees and capital expenditures. IGT CEO, Vince Sadusky, emphasized the strategic importance of this event, stating: 'The €2,230 million upfront investment underscores the immense value of this opportunity, and we are confident that it will drive our revenue and profit growth.' While we acknowledge the potential of IGT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IGT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
International Game Technology (NYSE:IGT) Is Paying Out A Dividend Of $0.20
International Game Technology PLC's (NYSE:IGT) investors are due to receive a payment of $0.20 per share on 12th of June. Based on this payment, the dividend yield on the company's stock will be 4.8%, which is an attractive boost to shareholder returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. International Game Technology is not generating a profit, but its free cash flows easily cover the dividend, leaving plenty for reinvestment in the business. In general, cash flows are more important than the more traditional measures of profit so we feel pretty comfortable with the dividend at this level. Over the next year, EPS is forecast to rise by 65.4%. While it is good to see income moving in the right direction, it still looks like the company won't achieve profitability. The healthy cash flows are definitely a good sign though, so we wouldn't panic just yet, especially with the earnings growing. View our latest analysis for International Game Technology The company has a long dividend track record, but it doesn't look great with cuts in the past. The last annual payment of $0.80 was flat on the annual payment from10 years ago. We're glad to see the dividend has risen, but with a limited rate of growth and fluctuations in the payments the total shareholder return may be limited. With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. It's encouraging to see that International Game Technology has been growing its earnings per share at 62% a year over the past five years. While the company is not yet turning a profit, it is growing at a good rate. If the company can turn a profit relatively soon, we can see this becoming a reliable income stock. Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. The company is generating plenty of cash, which could maintain the dividend for a while, but the track record hasn't been great. We would be a touch cautious of relying on this stock primarily for the dividend income. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. However, there are other things to consider for investors when analysing stock performance. As an example, we've identified 1 warning sign for International Game Technology that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
14-05-2025
- Business
- Yahoo
Why International Game Technology PLC (IGT) Declined on Tuesday
We recently published an article titled . In this article, we are going to take a look at where International Game Technology PLC (NYSE:IGT) stands against the other stocks. Wall Street's main indices finished mixed on Tuesday, as investors digested the country's latest inflation figures, which came out lower than expected. On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, versus the 2.4 percent in March. It was the lowest annual rate since February 2021. Only the S&P 500 and the tech-heavy Nasdaq registered gains among all major indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent. Beyond the main indices, 10 firms lagged in performance amid negative news, sparking sell-offs. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A digital kiosk showing the diverse range of sports betting options available. International Game Technology PLC (NYSE:IGT) tumbled by 9.5 percent on Tuesday to close at $16.19 apiece as investor sentiment was weighed down by a dismal earnings performance in the first three months of the year. In a statement, International Game Technology PLC (NYSE:IGT) said attributable net income dropped by 67 percent to $27 million from $82 million in the same period last year, while revenues declined by 11.8 percent to $583 million from $661 million year-on-year. Following the figures, International Game Technology PLC (NYSE:IGT) lowered its full-year outlook for the rest of the year, with revenues expected to settle at $2.55 billion and adjusted EBITDA at $1.1 billion, both aligning with the low end of the original ranges provided in February 2025. "First quarter profit was in line with expectations at constant currency, and we delivered strong cash conversion," said CFO Max Chiara. 'Given lower US 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.' Overall IGT ranks 7th on our list of Tuesday's worst performers. While we acknowledge the potential of IGT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IGT but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Why International Game Technology PLC (IGT) Declined on Tuesday
We recently published an article titled . In this article, we are going to take a look at where International Game Technology PLC (NYSE:IGT) stands against the other stocks. Wall Street's main indices finished mixed on Tuesday, as investors digested the country's latest inflation figures, which came out lower than expected. On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, versus the 2.4 percent in March. It was the lowest annual rate since February 2021. Only the S&P 500 and the tech-heavy Nasdaq registered gains among all major indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent. Beyond the main indices, 10 firms lagged in performance amid negative news, sparking sell-offs. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A digital kiosk showing the diverse range of sports betting options available. International Game Technology PLC (NYSE:IGT) tumbled by 9.5 percent on Tuesday to close at $16.19 apiece as investor sentiment was weighed down by a dismal earnings performance in the first three months of the year. In a statement, International Game Technology PLC (NYSE:IGT) said attributable net income dropped by 67 percent to $27 million from $82 million in the same period last year, while revenues declined by 11.8 percent to $583 million from $661 million year-on-year. Following the figures, International Game Technology PLC (NYSE:IGT) lowered its full-year outlook for the rest of the year, with revenues expected to settle at $2.55 billion and adjusted EBITDA at $1.1 billion, both aligning with the low end of the original ranges provided in February 2025. "First quarter profit was in line with expectations at constant currency, and we delivered strong cash conversion," said CFO Max Chiara. 'Given lower US 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.' Overall IGT ranks 7th on our list of Tuesday's worst performers. While we acknowledge the potential of IGT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IGT but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
