JodiJacobson Executive Summary International Game Technology PLC (NYSE: IGT ) is a global gaming and lottery company that provides gaming machines, lottery systems, and digital technology solutions to customers across the world. The company has a significant presence in Italy, where it generates about 30% of its revenues, and other countries in the LatAm and EMEA regions. Despite some near-term volatility in its Italian operations, the company’s long-term growth prospects are promising, particularly in the iLottery and gaming segments. The company has a high FCF yield and credible growth story, which makes its shares undervalued relative to peers in the industry. Business Overview IGT operates through two main business segments, namely Global Lottery and Global Gaming. The company’s Global Lottery business is the most significant contributor to its EBITDA, generating the highest revenue compared to other segments. The Global Lottery segment comprises lottery operations in the US and other international markets, with Italy being a major contributor. This business segment remained stable during the pandemic and was a beneficiary during COVID-19, unlike the Gaming business that experienced a negative impact. Lottery The Global Lottery business segment of IGT is the largest supplier of lottery products and services globally, serving […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
