International Game TechnologyNYSE: IGT

Malta's National Lottery becomes first gaming operator outside the US to offer HHR solutions supporting international expansion for IGT and Exacta Systems LONDON , July 3, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) and Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN) announced today that they have expanded their HHR technology footprints to Malta via an agreement with National Lottery plc, a subsidiary of IZI Group. Per the agreement, IGT product will initially represent 100-percent HHR floor share at National Lottery's first HHR venue, IZIBINGO situated in St. Paul's Bay, and Exacta Services, Inc., a subsidiary of CDI, will power the property's gaming floor with its Exacta Connect® system solution.

LONDON , June 25, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that it has won a competitive bidding process to provide the Ohio Lottery Commission's video lottery terminal (VLT) central monitoring system, with a contract effective May 31, 2024 through June 30, 2033. The agreement includes an option for Ohio to renew the contract for up to two additional one-year terms.

IGT's winning formula for multi-level progressive games continues with Tiger and Dragon performing at 2.89X zone average, leading "Top Indexing NEW Games – Premium Leased and WAP" category LONDON , May 28, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its Tiger and Dragon multi-level progressive ("MLP") game debuted in the number-one position on Eilers & Krejcik's May 2024 US & Canada Game Performance Report in the "Top Indexing NEW Games – Premium Leased & WAP" category. Tiger and Dragon Cash on Reels took the top position by performing at more than 2.8X zone average and Tiger and Dragon Multipliers ranked third for performing at more than 2.5X zone average.

Casino expands sports betting partnership with IGT PlaySports™ to include technology and services in Michigan. The Lac Vieux Desert Northern Waters Casino & Resort in Watersmeet is now utilizing IGT's PlaySports Trading Advisory Services Team for trading-related services, in addition to their award-winning platform and self-service betting technology that has been in place since 2021.

While the revenue and EPS figures for IGT (IGT) provide insight into its performance in the quarter ending March 2024, it may be valuable to examine how certain important metrics measure up against Wall Street predictions and the figures from the previous year.

IGT reported quarterly earnings of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.29 per share. This is lower than the earnings of $0.49 per share reported a year ago.

IGT will be holding a conference call and live webcast on May 14, 2024 to discuss their first quarter 2024 results. The call will take place at 8:00 a.m. on that day.

International Game Technology has seen a decline in its stock price despite a positive long-term outlook for the business. In its latest fiscal year, IGT reported a 2% increase in revenue, driven by growth in some service revenue and some product sales. IGT's spin-off and merger with Everi Holdings has caused investor dissatisfaction, but the combined company is expected to generate significant revenue and capture cost savings.

Although the revenue and EPS for IGT (IGT) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.