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International Game Technology (IGT)

- NYSE
  • Tue, Apr. 7, 12:53 PM
    • IGT's $4.7B merger with Italian lottery system/service provider Gtech is officially on the books. On their first day of trading, the post-merger company's shares have surged towards $20.
    • The merged company, which goes under the IGT name, is the world's biggest provider of both lottery and gaming machines. Its total annual sales top $6B.
    | 1 Comment
  • Dec. 2, 2014, 6:43 AM
    • Gtech (OTCPK:GTKYY) is going ahead with its planned merger with International Game Technology (NYSE:IGT) after dissenting shareholders exercised their right to sell their shares back to Gtech.
    • Gtech will publish final details on the exercise of the so-called exit rights on Dec. 12.
    • Previously: Gtech to buy IGT for $4.7B
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  • Aug. 1, 2014, 7:50 AM
    • The combination of Scientific Games (NASDAQ:SGMS) and Bally Technologies (NYSE:BYI) will create a gaming and lottery juggernaut able to stir up $220M in annual cost synergies and $25M in annual capex spending savings, according to the companies.
    • The pairing will also see "accelerated utilization" of various tax attributes on U.S. income which will help the bottom line.
    • The lush premium paid for Bally could give a lift sector peers Multimedia Games (NASDAQ:MGAM) and International Game Technology (NYSE:IGT) today.
    • Premarket: IGT +1.9%, MGAM no action yet.
    | 6 Comments
  • Jul. 16, 2014, 5:56 AM
    • Gtech (OTCPK:GTKYY) has agreed to buy International Game Technology (NYSE:IGT) in a cash and stock deal worth $4.7B.
    • Gtech will pay an 18% premium on IGT's yesterdays closing stock price of $15.50 per share. Total transaction value is approximately $6.4B, as Gtech will assume $1.75B in existing IGT debt.
    • At a time when the gambling industry is experiencing slower growth, the new deal will link the world’s main provider of lottery systems with the largest slot-machine maker.
    • IGT +8.7% premarket
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  • Jun. 13, 2014, 12:43 PM
    • Holding company MacAndrews & Forbes is interested in bidding for IGT, as are P-E firms Apollo Global and Carlyle, Reuters reports.
    • The news service reported on Monday IGT had "attracted interest from other gaming companies as well as private equity firms," but didn't give names.
    • Scientific Games (SGMS) and Bally (BYI) are once more following IGT higher.
    | 7 Comments
  • Jun. 9, 2014, 4:00 PM
    • Reuters reports IGT (IGT +14.3%) has "attracted interest from other gaming companies as well as private equity firms," as it works with Morgan Stanley to explore a sale.
    • Presentations for prospective buyers are reportedly being held. Sources caution uncertainty related to the selloff in IGT's shares could turn buyers away, and that a lengthy regulatory review process might await.
    • Tumbling gaming product sales have and soft game operations revenue have led IGT to deliver multiple earnings disappointments. The company's interactive (social gaming) ops have fared better.
    • Peers Scientific Games (SGMS +5.1%) and Bally (BYI +1%) have received sympathy bids.
    • Earlier: IGT jumps on takeover talk
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  • Jan. 12, 2012, 5:02 PM
    As reported earlier, slot-machine maker International Game Technology (IGT) agrees to buy Facebook casino game host Double Down Interactive, in an all-cash deal for $500M. IGT +0.2% AH
    | 1 Comment
  • Jan. 12, 2012, 3:59 PM
    International Game Technology (IGT +2.8%) spikes near the close after a CNBC story suggests the company is near a $500M deal to buy Doubledown Interactive, which has a Facebook casino game.
    | Comment!
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Company Description
International Game Technology PLC is an end-to-end gaming company. The Company is engaged in providing lottery and gaming technology solutions and services from Gaming Machines and Lotteries to Interactive and Social Gaming.