MILAN, Aug 20 (Reuters) - Italian lottery operator GTECH said on Wednesday 14 banks have agreed to lend it up to $10.7 billion, in part to back its planned acquisition of U.S. slot machine maker...
International Game Technology (NYSE: IGT ) declares $0.11/share quarterly dividend , in line with prior. Forward yield 2.63% Payable Oct. 3; for shareholders of record Sept. 18; ex-div Sept. 16. Post your comment!
By Konsta Lindqvist : (Editor's Note: Investors should be mindful of the risks of transacting in illiquid securities such as GTKYY. GTECH's listing in Milan, GTK.MI, offers stronger liquidity.) Gtech ( OTCPK:GTKYY ) is a leading operator in many segments of the gaming markets. By it's own words it
remains on track to be acquired by peer GTECH in early 2015. IGT shareholders will receive a portion of the buyout proceeds as shares ..... estimate. If the deal is not completed, we still estimate that IGT is worth roughly $14 per share on a standalone basis, as the
startups are starting to negatively affect IGT .Passage of legalized online gambling at ..... s DoubleDown social gaming business. IGT appears attractively valued, with a trailing ..... 2011 and 2012 with a focus on improving IGT 's core gaming manufacturing businesses
GTECH announced a proposal to acquire IGT for $18.25 per share, or $6.4 billion ..... assumption of $1.7 billion in net debt. IGT shareholders will receive $13.69 in cash ..... near the transaction date. The deal values IGT at 8.8 times 2013 adjusted EBITDA and
second quarter is a result of an erosion in IGT 's economic moat, but rather is due to weakness ..... equipment business and a lack of innovation by IGT relative to competitors the past several years. While IGT trades at what appears to be an attractive
its reduced outlook. We previously viewed growth prospects for IGT 's core gaming machine operations as limited, given the saturation ..... have a negative bias toward our stable moat trend rating. While IGT trades at a 15% discount to our expected new fair value estimate
equipment business, due to maturation of the North American gaming equipment market. Revenue increased 2% to $541 million, with IGT 's core gaming operations and product sales segment revenue, in aggregate, declining 2%. EBITDA declined 12% to $120 million
the emerging-markets but his fund’s exposure there is small. Some companies are benefitting from technological changes [ IGT , TTWO ], including boosting online operations [ M, BBY ]. He has value orientation but he has picked up Macau gaming highflyers