International Game Technology

Take Advantage of the Upcoming Online Storm

By Declan Fallon - May 17, 2013 | Tickers: BYI, IGT, SHFL

Bally Technologies (NYSE: BYI) is enjoying a period of rest after Q3 earnings attracted nearly five times typical buying volume, pushing the stock into the $50s, while maintaining a competitive P/E. The stock was able to beat both on revenue and profit expectations, but Bally Technologies has been a consistent consensus beater. However, it surprised by the degree it exceeded expectations, given that Q3 and Q4 were tighter quarters more »
Gaming's Come Back

By Damian Illia - May 16, 2013 | Tickers: IGT, LVS, WYNN

After a long time of slow business, Las Vegas’ leisure demand has started to improve along with a gradual recovery of the US economy. The companies that were able to withstand the bad times will be the ones in condition to profit the most. However, fierce competition and a variety of options are always a threat to increasing earnings.

Let’s take a look at three players in the gaming more »
$2 Billion Hedge Fund’s Small-Cap Picks

By Meena Krishnamsetty - May 1, 2013 | Tickers: IGT, NFX, PENN, SM, WLT

The most popular small cap stocks among hedge funds (which we define as those stocks with market capitalizations between $1 billion and $5 billion) generate an average excess return of 18 percentage points per year (see the details here). We think that this is because small cap stocks receive less attention from large institutional investors such as mutual funds, and so are more likely to be either undervalued or overvalued more »
A Gaming Company with a Strong Balance Sheet Is a Rarity

By Mark Lin - April 11, 2013 | Tickers: BYI, IGT, SHFL

Note: A previous version of this article inaccurately referenced Bally Technologies operations. This has been corrected.

It is rare to find gaming companies with a strong balance sheet like SHFL Entertainment (NASDAQ: SHFL), since the management of many gaming companies act like gamblers themselves, loading up their companies with debt. In contrast, SHFL Entertainment has negligible debt supported by strong free cash flow.

SHFL Entertainment is a global gaming supplier more »
Gaming Company With A Strong Balance Sheet Is A Rarity

By Mark Lin - April 8, 2013 | Tickers: BYI, IGT, SHFL

It is rare to find gaming companies with a strong balance sheet like SHFL Entertainment (NASDAQ: SHFL), since management of many gaming companies act like gamblers themselves, loading up their companies with debt. In contrast, SHFL Entertainment has negligible debt with a gearing of 0.4%, supported by strong free cash flow.

SHFL Entertainment is a global gaming supplier, providing products in five distinct categories: Utility products, which include automatic more »
The Stocks to Know for Online Gambling

By Salvatore "Sam" Mattera - March 28, 2013 | Tickers: BYD, CZR, IGT, SHFL, ZNGA

So far, three states have legalized online gambling: Nevada, Delaware and New Jersey. If the trend continues, the Internet could emerge as a major growth area for the industry. Zynga (NASDAQ: ZNGA), Caesars Entertainment (NASDAQ: CZR), Boyd Gaming (NYSE: BYD), SHFL entertainment (NASDAQ: SHFL), and International Game Technology (NYSE: IGT) are all stocks that could benefit from online gambling.

Zynga is looking to take its online gaming expertise into the more »
No Games With This Merger Play

By Mike Thiessen - March 28, 2013 | Tickers: IGT, SGMS, WMS

The announcement that the $1.5 billion merger between Scientific Games (NASDAQ: SGMS) and WMS Industries (NYSE: WMS) had cleared an important regulatory hurdle offered further evidence that the deal between the two companies remains on track.

The primary remaining obstacle to the deal's consummation is a customary shareholder vote that will take place at a special WMS shareholder meeting on May 10, 2013. All WMS shareholders of record more »
A Better Way To Play The Gaming Industry

By Matthew Frankel - March 22, 2013 | Tickers: BYI, IGT, LVS, WYNN

The casino industry is one of the most exciting in the market, and has produced some of the best returns in the market since the financial crisis (congrats to anyone who got into Las Vegas Sands (NYSE: LVS) at the bottom). However, my favorite way to play the sector right now is not with one of the casinos themselves, but with International Game Technology, known to most as IGT (NYSE: IGT more »)
A Jackpot Stock For Your Portfolio

By Declan Fallon - February 21, 2013 | Tickers: BYI, IGT, SHFL, WMS

If you want a slice of Vegas, without having to go to Vegas, then take a look at Shuffle Entertainment (NASDAQ: SHFL). Shuffle Entertainment manufactures and distributes a range of gaming devices for the casino industry.

Why is it interesting?

Since the November 2012 low, the stock has been attracting interest from investors. There have been two periods of heavier volume buying: one in mid-December, and again at the start more »
Is Ariel Investments' Merger-Arb A Gamble?

By Marshall Hargrave - February 20, 2013 | Tickers: BYI, IGT, SGMS, SHFL, WMS

WMS Industries (NYSE: WMS) saw its stock soar over 40% in January on the news that Scientific Games (NASDAQ: SGMS) would purchase the company for $26 per share in cash. The stock currently trades around $25, suggesting 4% upside still remains if the deal goes through. Both companies are makers of lottery and gaming hardware and software (see which hedge funds love WMS).

The mutual fund management firm, Ariel Investments more »
The State of Online Gaming in America!!

By Piyanka Agarwal - February 19, 2013 | Tickers: BYI, IGT, SGMS, WMS

Computer Software and Service industry has already been ruling the world and has seen ups and downs in the recent years. With companies like International Game Technology (NYSE: IGT) and WMS Industries (NYSE: WMS), the industry has seen better returns and has served the world extraordinarily. Well the question is that which company has a better portfolio to serve??

With increased knowledge and access to electronics, we have started moving more »
A Good Time to Sell This Gaming Company

By Anh HOANG - February 11, 2013 | Tickers: BYI, IGT, SGMS, WMS

Recently, Scientific Games (NASDAQ: SGMS) has agreed to acquire gaming equipment company WMS Industries (NYSE: WMS) for $26 in cash per share, or around $1.5 billion. The purchase price represented a 60% premium to WMS’ prior trading price of around $16.37 per share. However, if the buyout fails to materialize, WMS’ stock price might fall to below $16 per share. Is this acquisition a good move for both more »
Tom Gayner’s Top 5 Small-Cap Values

By Meena Krishnamsetty - February 6, 2013 | Tickers: CFX, FII, IGT, RLI, WPC

Fund analysts are routinely sifting through the less popular, smaller cap stocks that stay out of the public eye, hoping to find arbitrage in these less-efficiently priced securities. When they succeed, they can uncover huge percentage gainers that fit under the sub-$5 billion market cap area. We have done our own analysis of many of the top funds’ largest small-cap holdings to compile a list that has proven to more »
A Stock That Can Prove to Be a 'Wheel of Fortune' for Investors

By Rishabh Jain - January 31, 2013 | Tickers: BYI, IGT, WMS

From the Wheel of fortune progressive slot in 1996 to House M.D. Slots on Facebook in 2013, International Game Technology (NYSE: IGT) has come a long way in the gaming era, not only for the gamers but also for the investors. And yes, there is more in store for both kind of players.

International Game Technology is a well known global gaming company which specializes in designing, developing and more »
Play Your Cards Well

By Kushal jhunjhunwala - December 31, 2012 | Tickers: BYI, IGT, WMS

Casinos have always fascinated people, people who put in all their stakes into some gaming machines and let destiny decide their fortunes. But smart investors build their own fortunes. So how about investing in casinos? Well, while companies running the casinos might not always be a good bet, the suppliers to these companies generally are.

International Game Technology (NYSE: IGT) is one such company which designs and manufactures computerized casino more »
Take a Spin With IGT

By Lawrance Binda - December 10, 2012 | Tickers: BYI, IGT, WMS

The lights, the sounds, the sense of anticipation. Since a casino opened nearby a few years back, I've become fascinated with the economics of the gaming industry. I see the packed floors and watch as people sit for hours in front of the slots, eagerly sliding $20 bills into the hungry machines. As their stake dwindles before their eyes, they reach into their pockets and do it again. Now more »
Is Bally Technologies a Good Stock to Bet On?

By Meena Krishnamsetty - September 27, 2012 | Tickers: BYI, BYD, IGT, SHFL, WMS

Bally Technologies Inc. (NYSE: BYI) has found a foolproof way to make money off casinos: sell them gaming devices, solutions, and applications. The company, which was known as Alliance Gaming Corporation from 1994 through 2006, has seen its stock rise 66% over the last year including a 19% gain so far in 2012. Bally’s fiscal year ended in June 2012, with the company reporting a revenue increase of 16 more »
Is it Time to Gamble on these Casino Operators?

By Ali Ghorbanzadeh - May 22, 2012 | Tickers: IGT, LVS, BJK, MPEL, MGM, WYNN

Recently, casino stocks have been bludgeoned as economic worries persist and consumers continue to be squeezed. Moreover, the Nevada Gaming Board earlier in the month reported that year over year gambling revenue in the month of March fell 11% to $854.6 million, breaking a streak of five consecutive months of rising revenues and further spooking investors. So, with all this negative news, are investors justified in sending their stock more »
Price The Market Part 7

By Glen Bradford - December 8, 2011 | Tickers: BAC, IGT, JCI, KSS, BID, IPG

Hi, my name is Glen Bradford. I am taking the time to price the S&P500 because I believe it to be worth my time.