Last $17.32 USD
Change Today +0.18 / 1.05%
Volume 6.2M
As of 2:01 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

intl game technology (IGT) Snapshot

Open
$17.15
Previous Close
$17.14
Day High
$17.55
Day Low
$17.11
52 Week High
09/19/13 - $21.20
52 Week Low
05/15/14 - $12.14
Market Cap
4.3B
Average Volume 10 Days
17.1M
EPS TTM
$0.99
Shares Outstanding
247.0M
EX-Date
06/25/14
P/E TM
17.5x
Dividend
$0.44
Dividend Yield
2.49%
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 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.

5,000 Employees
Last Reported Date: 11/26/13
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: $350.0K
Chief Operations Officer
Total Annual Compensation: $450.0K
General Counsel and Corporate Secretary
Total Annual Compensation: $410.0K
Executive Vice President Global Sales
Total Annual Compensation: $408.0K
Compensation as of Fiscal Year 2013.

intl game technology (IGT) Key Developments

Investor Files Lawsuit Against International Game Technology in Effort to Halt the Proposed Takeover

The Shareholders Foundation Inc. announced that an investor, who currently holds International Game Technology (IGT) shares, filed a lawsuit in effort to halt the proposed takeover of International Game Technology by GTECH S.p.A. for a value of $18.25 per share. On July 16, 2014, International Game Technology announced that it has entered into a definitive merger agreement with GTECH S.p.A. for the acquisition of International Game Technology by GTECH for $6.4 billion, comprised of $4.7 billion in cash and stock and the assumption of $1.7 billion in net debt. Under the terms of the transaction, International Game Technology and GTECH will combine under a newly formed holding company organized in the United Kingdom (NewCo). International Game Technology shareholders will receive an aggregate value of $18.25 per share in a combination of $13.69 in cash plus 0.1819 ordinary shares of NewCo for each share of IGT common stock. However, the plaintiff claims that the takeover of International Game Technology by GTECH S.p.A. undervalues International Game Technology. Indeed, least one analyst has set the high target price for IGT shares at $19.00 per share and IGT shares traded in September 2013 as high as $21.01 per share. In addition, the plaintiff alleges that the process is also unfair to IGT stockholders.

GTECH S.p.A., International Game Technology - M&A Call

To discuss definitive merger agreement between GTECH S.p.A. and International Game Technology, Inc

GTECH S.p.A., International Game Technology - M&A Call

To discuss merger agreement with GTECH S.p.A. for the acquisition of International Game Technology by GTECH for $6.4 billion

 

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Industry Analysis

IGT

Industry Average

Valuation IGT Industry Range
Price/Earnings 18.9x
Price/Sales 1.9x
Price/Book 3.8x
Price/Cash Flow 13.8x
TEV/Sales 0.7x
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