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International Game Technology ( (IGT) ) has provided an announcement.
On May 19, 2025, International Game Technology PLC announced that its consortium, LottoItalia, is proposed to be awarded the Italy Lotto License until November 2034. This decision, pending approval from the Agenzia delle Dogane e dei Monopoli, underscores IGT’s long-standing leadership in the lottery sector, having managed the Italian Lotto for over 30 years. The consortium’s bid includes a €2,230 million upfront fee, reflecting the license’s value, with payments scheduled through 2026. This award is expected to enhance IGT’s revenue and profit potential, with plans to expand into iLottery, iCasino, and digital gaming in Italy, thereby strengthening its market position.
The most recent analyst rating on (IGT) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on International Game Technology stock, see the IGT Stock Forecast page.
Spark’s Take on IGT Stock
According to Spark, TipRanks’ AI Analyst, IGT is a Outperform.
International Game Technology’s overall score reflects strong cash flow and operational efficiency, supported by a stable valuation with a favorable P/E ratio and dividend yield. Despite these strengths, the company faces challenges with declining revenues and high leverage in a difficult macroeconomic environment. The cautious outlook from the recent earnings call further tempers enthusiasm, although strategic initiatives and product innovations offer potential for future growth.
To see Spark’s full report on IGT stock, click here.
More about International Game Technology
International Game Technology PLC (IGT) is a global leader in gaming, providing entertaining and responsible gaming experiences across lotteries, gaming machines, sports betting, and digital channels. With a significant presence in over 100 jurisdictions worldwide, IGT leverages innovation, player insights, and cutting-edge technology to deliver engaging gaming solutions.
Average Trading Volume: 1,557,317
Technical Sentiment Signal: Sell
Current Market Cap: $3.41B
See more insights into IGT stock on TipRanks’ Stock Analysis page.