Last €13.67 EUR
Change Today +0.102 / 0.75%
Volume 89.0
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Company Description

Contact Info

6355 South Buffalo Drive

Las Vegas, NV 89113

United States

Phone: 702-669-7777

Fax:

International Game Technology, a global gaming company, specializes in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms—land-based, online real-money, and social gaming. The company supplies gaming entertainment products worldwide. Products Games The company combines elements of math, play mechanics, sound, art, and technological advancements with its library of entertainment licenses and patented intellectual property to provide gaming products designed to provide a high degree of player appeal. It offers various casino-style games for land-based, online social gaming, online real-money, and mobile gaming markets with multi-line, multi-coin, and multi-currency configurations. Cabinet Configurations Land-based customers can combine the company’s extensive library of games with various gaming machine cabinets designed to maximize functionality, flexibility, and player comfort. Systems The company's systems products include infrastructure and applications for casino management, customer relationship management, player management, and server-based gaming. Its casino and customer relationship management solutions include integrated modules for machine accounting; bonusing (jackpots and promotions); patron management; table game automation; cage accounting; payment processing; table accounting; reporting; ticket-in/ticket-out; and regulatory compliance. The company’s player management solutions feature customized player messaging, tournament management, and integrated marketing and business intelligence modules that provide analytical, predictive, and management tools for maximizing casino operational effectiveness. Its server-based solutions enable electronic game delivery and configuration for slot machines, as well as providing casino operators with opportunities to increase profits by enhancing the players’ experience, connecting with players interactively, and creating operational efficiencies. Interactive The company's Double Down online social gaming operation provides an opportunity for casino entertainment to reach more audience, while complementing its other existing offerings and the core casino audience. DoubleDown Casino is available online through Facebook and www.DoubleDownCasino.com on various personal computer and mobile devices. Additionally, its land-based casino customers can integrate the DoubleDown Casino link into their own Website providing players with access to a portfolio of popular social casino-style games. The DoubleDown Casino link provides casino operators with an opportunity to engage their customers when they are not physically present in the land-based casino. The company also provides real-money online casino and mobile gaming systems infrastructure and applications, content licensing, and back office operational support services. The IGT Remote Game Server integrates onto an operator’s interactive platform, allowing access to its portfolio of game content that allows for real-money online in legalized jurisdictions. These systems are primarily focused on the management of digital patron wallets, responsible gaming functionality, fraud detection and prevention, patron credentials, customer relationship management, player accounting, and player analytics. With these solutions, the company deploys a service platform capable of supporting the main games associated with online real-money (casino games, sports betting, multi-player poker and bingo). Markets The company primarily serves customers in North America, which includes the United States and Canada. Its international gaming markets included the following customer regions as of September 30, 2013: Europe (including the United Kingdom), the Middle East, and Africa; Latin America (Mexico, South, and Central America) and the Caribbean; and Asia, Australia, New Zealand, and the Pacific. Research and Development For the year ended September 30, 2013, the company’s investment in research and development totaled $235.0 million. Intellectual Property As of September 30, 2013, the company held approximately 6,000 patents or patent applications and approximately 4,100 trademarks filed and registered worldwide. The company’s brand licensing arrangements have various expiration dates through 2020 and commonly contain options to extend. Sales and Markets The company markets its products and services worldwide. It has a substantial presence in the United States and growing international operations. The company promotes its products and services through a worldwide network of sales associates, as well as third-party distributors and agents in certain markets. As of September 30, 2013, the company maintained 59 offices worldwide to respond to customer needs. Competition The company’s competitors include Ainsworth Game Technology Ltd; Aristocrat Leisure Limited; Bally Technologies, Inc.; Konami Gaming Inc.; Novomatic Group of Companies; and WMS Industries, Inc. (acquired by Scientific Games Corporation in October 2013). History International Game Technology was founded in 1980. The company was incorporated in Nevada in 1980.

 

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Industry Analysis

IGT

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Valuation IGT Industry Range
Price/Earnings 17.3x
Price/Sales 2.1x
Price/Book 3.5x
Price/Cash Flow 13.5x
TEV/Sales 1.0x
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