As we approach the midpoint of the year, it’s crucial for investors to reassess their portfolios and identify potential risk factors. The gambling industry was once seen as a thriving sector with promising growth prospects. But recently, it faced numerous challenges that have led to the emergence of several gambling stocks to sell. Let’s delve into three gambling stocks that investors should consider selling in May while they still can. These companies have been overhyped and overvalued. So, their future pr ...

Key PointsIGT is a global gaming powerhouse specializing in lotteries, land-based gaming machines, iGaming, sports betting and digital gaming.IGT hit record organic operating income for Q1 2024 of $273 million, excluding separation and divestiture costs.IGT will spin off and merge its Global Gaming and iGaming divisions with Everi by the end of 2024 or early 2025, while its Global Lottery division will trade under a new ticker symbol.5 stocks we like better than International Game TechnologyGlobal gaming co ...

Dazzling new theme introduces innovative mechanics and gameplay features on proven hardwareLONDON, May 20, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its new multi-level progressive ("MLP") game, Tiger and Dragon™, recently debuted on casino floors across the U.S. Available on the sleek PeakCurve™49 cabinet, Tiger and Dragon combines new and proven mechanics with high bonus frequencies for an action-packed entertainment experience.IGT Continues Multi-Leve ...

Casino grows sports betting partnership with IGT PlaySports™ to include technology and servicesLONDON, May 16, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its IGT PlaySports Trading Advisory Services Team is now supporting sports betting in Michigan via a new services agreement with the Lac Vieux Desert Northern Waters Casino & Resort in Watersmeet. In addition to now leveraging IGT PlaySports' expertise for a range of trading-related services, Northern Wa ...

分组1 - 公司在第一季度实现了强劲的收入和利润率增长,超出了3月份提供的预期 [7][25][26] - 全球彩票业务收入增长6%,主要得益于意大利游戏创新和产品销售增长 [8][28] - 意大利同店销售增长超过4%,反映了即开票和定期彩票游戏的相似趋势,这是在2023年第一季度10%增长的基础上实现的 [9] - 北美和其他地区的同店销售略有下降,主要是由于新即开票游戏发布的年度节奏差异,尤其是高价格游戏 [10] - 全球彩票销售继续快速增长,超过20%,主要由于日益增长的高性能电子即开票游戏组合的带动 [10] - 公司最新的意大利乐透许可证招标更新,政府法令确认了9年的期限和不少于10亿欧元的最低前期许可费,分三期支付,而有效税率将保持在6% [10][11] 分组2 - 公司正在为即将到来的意大利乐透许可证招标做准备,并与现有合作伙伴签署了谅解备忘录,以维持现有的合资企业结构 [10][11] - 公司在意大利市场的关键产品策略包括新游戏发布、提高玩家参与度和多渠道聚焦 [12][13][14] - 公司在北美和其他地区的游戏和数字业务实现了第12个连续季度的利润率同比扩张,全球安装基础增加到54,000台以上 [15][16][17][30] - 公司的在线博彩业务在第一季度实现10%的收入增长,主要得益于美国市场的强劲表现 [18][19][32] 问答环节重要的提问和回答 问题1 **Barry Jonas 提问** 客户对于拟议交易的反应如何?他们最期待什么?你们是否需要解决一些关切? [45] **Vincent Sadusky 回答** 客户普遍反馈积极,认为合并后的公司能提供更全面的产品和服务。客户看好两家公司在不同细分市场的优势互补,以及在研发、现场服务等方面的协同效应 [46][47][48][49] 问题2 **Jeff Stantial 提问** 公司为何决定保留意大利乐透合资企业结构?这与上次招标时的情况有何不同? [55] **Vincent Sadusky 和 Massimiliano Chiara 回答** 此前的合作伙伴关系运作良好,双方合作默契,因此决定延续现有的合资结构。公司财务状况的改善也为此提供了支持 [56][57] 问题3 **David Katz 提问** 请更新一下意大利乐透许可证的最新进展情况 [67] **Vincent Sadusky 和 Massimiliano Chiara 回答** 政府已发布法令,确定了新一轮招标的关键条款,包括9年期限和不低于10亿欧元的前期许可费。公司正在与现有合作伙伴就新的投标进行磋商 [68][69][70]

International Game Technology (IGT) reported $1.07 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.7%. EPS of $0.46 for the same period compares to $0.49 a year ago.The reported revenue represents a surprise of +3.42% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +58.62%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

International Game Technology (IGT) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 58.62%. A quarter ago, it was expected that this slot machine maker would post earnings of $0.45 per share when it actually produced earnings of $0.56, delivering a surprise of 24.44%.Over the last fou ...

Period ended March 31, 2024 1 CautionaryStatementRegardingForward-LookingStatements This presentation may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters, including with respect to the separation and merger transaction and the prospects of the parties to the transactions thereafter. These statements may discuss goals, inten ...

Revenue of $1.07 billion, up 1% from the prior year, driven by strong Global Lottery growth, partially offset by timing of Gaming & Digital product sales Operating income of $256 million in line with the prior year while operating income margin of 24.0% exceeded expectations by approximately 400 basis points; excluding Separation & divestiture costs, operating income increased 7% to a record $273 million and the margin expanded 150 basis points Adjusted EBITDA of $443 million and Adjusted EBITDA margin o ...

Wall Street analysts forecast that International Game Technology (IGT) will report quarterly earnings of $0.29 per share in its upcoming release, pointing to a year-over-year decline of 40.8%. It is anticipated that revenues will amount to $1.03 billion, exhibiting a decline of 2.7% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, ...