Innovative game that pairs legendary IGT video poker content with the most successful slot theme of all time launches in world's biggest video poker marketLONDON, April 2, 2025 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today it recently introduced its much-anticipated Wheel of Fortune Video Poker game in the world's most prolific video poker market: Las Vegas, Nev. Guests of Downtown Grand Hotel & Casino ("Downtown Grand") in Downtown Las Vegas became the first players ...

Group 1 - The new game "Regal Riches" will be launched on March 28, 2025, as part of the partnership between Playtika and IGT, enhancing the Slotomania experience for players [1][2] - Regal Riches is designed to provide an immersive experience with exclusive bonus games, a Wilds meter, and opportunities to win Mega, Major, or Minor Free Games [3] - Slotomania is recognized as the world's 1 free-to-play slots game, featuring a wide variety of high-quality slot games and a large global player community [4][6] Group 2 - Playtika, founded in 2010, is a leader in mobile gaming entertainment and technology, with a mission to entertain through diverse gaming experiences [5] - The company has a strong presence in the market, being the top free-to-play slots game by monthly downloads and active users as of December 31, 2024 [6]

Core Insights - The article emphasizes the expertise of the company in analyzing restaurant stocks across various segments in the U.S. market, including QSR, fast casual, casual dining, fine dining, and family dining [1] Group 1: Company Overview - The company is led by a founder with a strong background in Business Administration and Accounting, holding an MBA in Forensic Accounting and Controllership [1] - The company employs advanced analytical models and specialized valuation techniques to provide detailed insights and actionable strategies for investors [1] Group 2: Industry Engagement - The company actively engages in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous contributions include discussions on monetary policy, financial education, and financial modeling, aimed at making these subjects accessible to a broader audience [1]

Core Insights - IGT is committed to delivering innovative gaming solutions at IGA 2025, showcasing products like the RISE55 cabinet and new game titles [1][4] - The IGA display will feature a variety of gaming content, including expansions of popular themes like Wheel of Fortune and new Class II and core video games [1][4] Product Highlights - The RISE55 cabinet will be unveiled, featuring a 55-inch ultra-high-definition screen and advanced ergonomics, designed to enhance player experience [4] - New game titles include Magic Treasures Gold™, Tiger and Dragon Super Arrow™, and Prosperity Link™ Blessings, among others [4] - IGT will also showcase core video games such as Grand Buddha Link™ and Bring the Boom™ series, emphasizing engaging gameplay mechanics [4] Class II and Community Gaming - IGT's Class II offerings will include Stinkin' Rich™ Tail Wins and Moonlight Lanterns™, along with the Sierra27™ cabinet debut [4] - The Wheel of Fortune Cash Link™ Big Money™ video slots will be highlighted, showcasing community-style win celebrations [4] Casino Management Systems - IGT will demonstrate its IGT ADVANTAGE™ X casino management system, featuring modern advancements for both on-premise and cloud-based deployments [4]

Core Points - IGT Lottery has achieved the European Lotteries Responsible Gaming Certification for the sixth consecutive time and has also obtained the highest level of WLA Responsible Gaming Certification Level 4 [1][3][4] - The EL RG Certification promotes the adoption of responsible gaming best practices among member organizations and is designed to complement the WLA RG Principles and Framework [2] - IGT Lottery's responsible gaming program is guided by international best practices, focusing on promoting a positive gaming approach, preventing underage gambling, and supporting players in need [3][4] Company Overview - IGT is a global leader in gaming, providing responsible gaming experiences across various channels, including Lotteries, Gaming Machines, Sports Betting, and Digital [5] - The company emphasizes innovation, operational expertise, and technology to deliver engaging gaming experiences and drive growth [5] - IGT has a strong local presence and relationships with governments and regulators in over 100 jurisdictions worldwide, employing approximately 11,000 individuals [5]

Core Insights - International Game Technology PLC (IGT) won seven awards at the 2025 EKG Slot Awards Show, the most of any gaming industry supplier, highlighting its excellence in casino game design, performance, and innovation [1][2][5] - IGT PlayDigital was recognized as the "Best Overall Supplier of Online Content" and received the "Top Performing NEW Online Table Game" award for Blackjack Poker & Pairs Surrender, showcasing its strong position in the iGaming sector [2][5] Awards and Achievements - IGT's awards included: - Top Performing NEW Premium Game: Tiger and Dragon™ Cash on Reels - Most Innovative Land-Based Game: Tiger and Dragon Cash on Reels - Top Performing 3rd Party IP Branded Game: Whitney Houston Slots - Top Performing Game – EMEA: Magic Treasures™ Dragon - Top Performing NEW Video Poker/Keno Game: Mega Hot Poker - Best Overall Supplier of Online Content: IGT PlayDigital™ [5] Company Overview - IGT is a global leader in gaming, providing responsible gaming experiences across various channels, including Lotteries, Gaming Machines, Sports Betting, and Digital [3] - The company has approximately 11,000 employees and maintains a strong local presence in over 100 jurisdictions worldwide, emphasizing service, integrity, and responsibility [3]

Core Insights - IGT PlaySports is expanding its sports betting operations in Nevada through a partnership with GN NV Holdings, which owns Golden Nugget Casinos [1][3] - The phased rollout will begin with Golden Nugget Casino Lake Tahoe, followed by Golden Nugget Casino Las Vegas and Golden Nugget Casino Laughlin later in 2025 [2][3] Company Overview - IGT is a global leader in gaming, providing a wide range of gaming experiences across various channels, including lotteries, gaming machines, and sports betting [5] - The company employs approximately 11,000 people and has established relationships with governments and regulators in over 100 jurisdictions worldwide [5] Technology and Services - The agreement includes the deployment of IGT PlaySports' award-winning platform, QuickBet self-service betting kiosks, and the expertise of the Trading Advisory Services team [3] - IGT PlaySports was recognized as "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards, highlighting the quality of its technology [4]

Proposed Transaction - The Proposed Transaction with Apollo Funds is expected to close by the end of Q3 2025, subject to customary conditions including regulatory approvals and stockholder clearance [113]. - As of February 20, 2025, De Agostini holds approximately 42.28% economic interest and 59.43% voting interest in the Parent, which may influence decisions regarding the Proposed Transaction [124]. - The Proposed Transaction may result in the Company being a smaller, less diversified business, concentrating more on the lottery sector [120]. - Significant costs related to the Proposed Transaction have impacted the Company's financial condition and may continue to do so in future periods [118]. - The market price of the Parent's ordinary shares may fluctuate post-transaction, potentially leading to a decline greater than would occur without the transaction [119]. Financial Exposure and Risks - Approximately 25% of the Company's debt portfolio was exposed to interest rate fluctuations as of December 31, 2024, compared to 28% in 2023 [554]. - A hypothetical 100 basis points increase in interest rates would have resulted in approximately $9 million of incremental interest expense for continuing operations in 2024 [555]. - A 10% decrease in the U.S. dollar to euro exchange rate would have led to a decrease in income from continuing operations of approximately $86 million for 2024 [558]. - The Company has forward contracts for the sale of approximately $93 million and the purchase of approximately $918 million of foreign currency as of December 31, 2024 [560]. - The Company is exposed to various market risks, including interest rate risk and foreign currency exchange rate risk, which it manages through operational and financial strategies [550].

Financial Data and Key Metrics Changes - In 2024, the company generated over $1 billion in consolidated cash from operations and approximately $660 million of free cash flow, with more than 80% of that free cash flow coming from lottery operations [7][31] - The revenue for the year was $2.5 billion, consistent with 2023, with EBITDA of $1.2 billion at a 47% margin [8][27] - The company reported Q4 revenue of $651 million, down from $681 million in the prior year, primarily due to lower U.S. multi-state jackpot sales [23][24] - Adjusted EBITDA for the full year was $1.17 billion, down from $1.21 billion in the prior year [27] Business Line Data and Key Metrics Changes - Instant ticket and draw game sales increased by 4% in Q4, with a 7% same-store sales growth in Italy [10][23] - U.S. multi-state jackpot sales declined by $29 million due to lower jackpot activity compared to the previous year [25] - iLottery sales rose by 28% in both Q4 and the full year, maintaining a double-digit growth pace [13][14] Market Data and Key Metrics Changes - The company achieved strong growth in Italy, driven by new game launches and special draws [11][12] - Improving trends in large jurisdictions, including California, Florida, Georgia, New York, and Texas, contributed to increased sales [12] - The company is the leading iLottery platform supplier globally, with significant growth in jurisdictions like Georgia and Kentucky [14][15] Company Strategy and Development Direction - The company concluded a strategic review resulting in the sale of its gaming and digital business for over $4 billion, allowing a singular focus on its lottery business [6][21] - Future investments will focus on new game content and technologies to fuel sales growth and strengthen industry leadership [20] - The company is identifying structural cost savings to enhance efficiency and financial profile [21][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the core recurring business, expecting revenue growth aligned with long-term expectations [36] - The company anticipates a challenging first half of 2025 due to lower U.S. multi-stage jackpot activity impacting service revenue [37][39] - The increase in Mega Millions ticket price to $5 is expected to positively impact sales in the latter half of 2025 [88][92] Other Important Information - The company plans to allocate at least $2 billion of the proceeds from the gaming and digital sale for debt reduction [31][45] - Annual CapEx is expected to be in the range of $400 million to $450 million for 2025 and 2026, with significant investments required for the Italy Lotto contract [34][35] Q&A Session Summary Question: Can you expand on the $25 million investment into new contract extensions and growth initiatives? - Management indicated that these costs are primarily temporary and necessary for securing new contracts and technology setups [50][54] Question: What are the expected uses of proceeds from the gaming and digital business sale? - Management confirmed a commitment to $2 billion for debt repayment, with further discussions on additional allocations to occur around the closing date [59][60] Question: Can you provide an update on the Italy lotto rebid process? - The RFP was issued in early January, with bids due by March 17, and the award is expected in Q2 [74][75] Question: How significant are carriers for driving draw-based sales? - Management noted that the impact of carriers varies by jurisdiction, with minimal effect on overall sales for IGT [78][82] Question: What is the expected impact of the Mega Millions price increase? - Management believes the price increase will lead to fewer tickets sold but at a higher price point, potentially increasing overall revenue [88][92] Question: Can you discuss the new printing press and its expected returns? - The new press is expected to improve both capacity and efficiency, leading to better margins and competitive positioning [100][101] Question: What is the status of the Texas lottery renewal process? - The bid has been submitted, and feedback is expected in the first half of 2025 [121] Question: What is the situation regarding LMA incentives for the first semester? - Management indicated a combination of shortfall and lower incentives compared to the previous year, with a conservative outlook for the first half of 2025 [122][124]

Period ended December 31, 2024 1 Management supplements the reporting of financial information, determined under GAAP, with certain non-GAAP financial information. Management believes the non-GAAP information presented provides investors with additional useful information, but it is not intended to, nor should it be considered in isolation or as a substitute for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for co ...