Last €14.98 EUR
Change Today +0.158 / 1.07%
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intl game technology (IGT) Snapshot

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52 Week High
01/26/15 - €15.12
52 Week Low
04/30/14 - €8.79
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Current Stock Chart for INTL GAME TECHNOLOGY (IGT)

intl game technology (IGT) Details

International Game Technology, a gaming company, designs, develops, manufactures, and markets casino-style gaming equipment, systems technology, and game content for land-based and online markets worldwide. The company operates in two segments, North America and International. The company offers casino-style games; casino-style slot machines that determine the game play outcome at the machine; wide area progressive jackpot systems with linked machines across various casinos; and central determination system machines connected to a central server, which determines the game outcome, encompassing video lottery terminals used primarily in government-sponsored applications and electronic or video bingo machines. It also provides systems products, including infrastructure and applications for casino management, customer relationship management (CRM), player management, and server-based gaming. The company’s casino and CRM solutions comprise integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, table game automation, payment processing, reporting, and regulatory compliance. Its player management solutions feature customized player messaging, tournament management, and integrated marketing and business intelligence; and server-based solutions. In addition, the company provides online social gaming and real-money gaming products and services, including real-money online casino and mobile gaming systems infrastructure and applications, content licensing, and back office operational support services. Its gaming markets include Europe, the Middle East, Africa, Latin America, the Caribbean, Asia, Australia, New Zealand, and the Pacific. International Game Technology was incorporated in 1980 and is headquartered in Las Vegas, Nevada.

4,400 Employees
Last Reported Date: 11/25/14
Founded in 1980

intl game technology (IGT) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $423.3K
General Counsel and Corporate Secretary
Total Annual Compensation: $335.0K
Executive Vice President of Global Sales
Total Annual Compensation: $408.0K
Compensation as of Fiscal Year 2014.

intl game technology (IGT) Key Developments

IGT Wins the Replacement Bid to Install its Advantage 9.1 System with Media Manager and Service Window at Snoqualmie Casino

IGT won the replacement bid to install its Advantage 9.1 System with Media Manager and Service Window at Snoqualmie Casino. The comprehensive systems solution includes IGT's Point Play and Xtra Credit bonusing applications, Media Manager, and IGT's Service Window, connecting 1700 slot machines floor-wide. As the first systems provider to gain approval from the Washington State Gambling Commission for bonusing and server-based applications, IGT secured this replacement business on the merits of its systems innovation and reputation for seamless systems migration in Washington. With its IGT Advantage 9.1 system installation, Snoqualmie Casino will deploy IGT's Point Play "downloadable credits" and Xtra Credit "free play" bonusing applications floor-wide. Snoqualmie Casino will also leverage IGT's Service Window and Media Manager applications to offer real-time incentives to players for redemption throughout the property.

International Game Technology Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014

International Game Technology announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported revenue of $450.6 million against $541.2 million a year ago. Operating income was $63.5 million against $103.7 million a year ago. Net income was $35.0 million or $0.14 per share against $79.2 million or $0.31 per share a year ago. Net operating cash flows were $102.9 million against $76.1 million a year ago. Adjusted operating income was $85.4 million against $123.8 million a year ago. Adjusted net income was $47.7 million or $0.19 per share against $62.9 million or $0.25 per share a year ago. Total revenue decreased 17%, primarily driven by declines in product sales, partially offset by an increase in social gaming revenue. GAAP net income and EPS in the prior-year quarter were also favorably impacted by a $30 million audit settlement with the IRS related to prior tax years. Operating cash flow increased by $27 million as improvements in certain working capital metrics offset the decline in net income. First quarter results included an extra week due to the Company's 52/53-week fiscal year, where fiscal 2015 will contain 53 weeks versus the normal 52 weeks in fiscal 2014. Income before tax was $51.7 million against $75.5 million a year ago. Capital expenditures were $24.6 million against $24.6 million a year ago. Adjusted EBITDA was $125.9 million against $175.2 million a year ago.

IGT Unveils the Coolest Innovations at ICE 2015

IGT will electrify ICE Totally Gaming with a portfolio of cross-platform content, category-defining hardware and results-driven casino management systems. The annual London-based tradeshow is the preeminent platform for IGT to debut many of the company's show-stopping gaming innovations. IGT will showcase the following gaming solutions Feb. 3 o Feb. 5 at ExCel London. IGT unleashes smart design and cutting edge innovation with the CrystalDual Cabinet. Making its world debut, IGT's CrystalDual cabinet brings beauty, brains and brawn to ICE and draws from the widely praised design of the IGT CrystalCore cabinet.  CrystalDual is a cabinet created to attract players with its dynamic player experience and modern design, and the hardware's improved serviceability features and refreshed look. The CrystalDual boasts a pristine touch screen display and a user-friendly digital player panel. This must-see hardware is backed by a library of game content, including legacy titles Da Vinci Diamonds and Siberian Storm and new themes such as Golden Eagle, The Fates and the recently introduced game family, King Reels. The company will introduce a re-vamped and re-energized version of one of IGT's most-loved multi-level progressive themes of all time, Party Time Video Slots. The newly enhanced game features the famous prancing pink pachyderm. Hollywood comes to London with the all-new Premium-Plus title, SHERLOCK HOLMES Video Slots. Inspired by the blockbuster sensation, this game is housed on IGT's Triple Wheel hardware and is all but elementary. This game puts players in the middle of their favorite movie moments as they track the wily duo of Sherlock Holmes and Dr. Watson in this 3 x 5 thrilling game experience. Players have the option for 50 or 75-credit wagers that can lead them to one of four magnificent and mysterious bonus events featuring, boxing matches, mysteries and more. The S3000 cabinet spins its way to London for international debut.  This flashy, energy-packed spinning reel cabinet is backed by an extensive library of more than 50 game themes including enhanced versions of IGT's classics such as Double Diamond, Double Gold and Super X Pay. IGT systems link players to rewards with Casinolink. IGT will showcase two new features to Casinolink. The company will spotlight Xtra Credit and Point Play, Casinolink modules that enable operators to reward their players and build brand loyalty.


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Valuation IGT Industry Range
Price/Earnings 20.7x
Price/Sales 2.1x
Price/Book 3.5x
Price/Cash Flow 15.8x
TEV/Sales 1.1x

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