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IGT

International Game

$26.82

-0.32 (-1.18%)

06:54
10/19/16
10/19
06:54
10/19/16
06:54

International Game signs cross-licensing agreement with Everi Games Holding

International Game Technology announced that it has reached a patent cross-licensing agreement with Everi Games Holding, a subsidiary of Everi Holdings Inc. and leading manufacturer of electronic gaming machines and gaming payment solutions. Under the agreement, Everi can offer games that include any of the patented game features from the IGT portfolio, and will pay licensing fees to IGT.

IGT International Game
$26.82

-0.32 (-1.18%)

09/16/16
ARGS
09/16/16
INITIATION
Target $30
ARGS
International Game initiated with a Buy at Argus
Argus analyst John Staszak initiated International Game Technology with a Buy and $30 price target given solid cash flow, synergies from the recent merger with GTECH, and prospects for strong revenue and earnings growth going forward. The analyst also expects IGT to benefit from greater diversification following the merger and from more moderate currency headwinds.

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