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4-Traders Homepage  >  Equities  >  Nyse  >  International Game Technology PLC    IGT   GB00BVG7F061

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IGT : Cardless Connect Mobile Technology Launches at Station Casinos Properties

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10/16/2017 | 10:32pm CEST

LONDON, Oct. 16, 2017 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced that its Cardless Connect((TM)) mobile technology will be introduced at several Station Casinos properties in Las Vegas before the end of 2017.

Now deployed at a single Station Casinos property for testing, IGT's Cardless Connect technology enables players to participate in Station Casinos' MyBoardingPass loyalty program by simply tapping their smartphones on a slot machine card reader. Based upon the initial success of the Cardless Connect technology, Station Casinos plans to implement it at two more locations in Las Vegas later this year with the remaining properties to follow shortly after.

"We are committed to continuously delivering new benefits to our My Rewards Boarding Pass that bring value and convenience to our new and existing members," said Staci Alonso, Station Casinos EVP and Chief Marketing & Innovation Officer. "IGT's Cardless Connect technology adds meaningful value to the STN mobile app by allowing guests to use their phone to card in at their favorite slot game if they prefer a digital experience."

"Station Casinos has been a phenomenal partner in our rollout of Cardless Connect technology," said Nick Khin, IGT Chief Commercial Officer, North America Gaming & Interactive. "We evaluated multiple technologies and developed a flexible solution that supports Bluetooth Low Energy (BLE) or QR code connectivity. From the initial phases of implementation to the excitement of the 'go live', the Station Casinos team has embraced Cardless Connect's innovative features and BLE connectivity, which deliver a superior user experience."

To experience Cardless Connect technology at featured Station Casinos properties, players can simply download the STN app from the App Store or Google Play Store, sign in and tap their phones on the card reader to "card in" to a slot machine. The phone will simply connect the player just as a physical loyalty card would so the player can experience all of the benefits of the loyalty program.

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.IGT.com.

Station Casinos, LLC
Founded in 1976, Station Casinos is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada with 20 properties, including Boulder Station, Fiesta Henderson, Fiesta Rancho, Green Valley Ranch Resort, Palace Station, Red Rock Resort, Santa Fe Station, Sunset Station, Texas Station, Palms Casino Resort, Wild Wild West and several smaller properties under the Wildfire Gaming division. To learn more, visit http://sclv.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall", "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2016 and other documents filed from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that the financial performance of International Game Technology PLC for the current or any future financial years will necessarily match or exceed the historical published financial performance of International Game Technology PLC, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in its entirety by this cautionary statement.

IGT Contacts:
Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452
Phil O'Shaughnessy, Global Communications, Gaming (702) 669-2975
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries
James Hurley, Investor Relations, (401) 392-7190

© 2017 IGT. All other trademarks used herein are owned by IGT or its affiliates, may not be used without permission, and where indicated with a ®, are registered in the U.S. Patent and Trademark Office.

View original content with multimedia:http://www.prnewswire.com/news-releases/igt-cardless-connect-mobile-technology-launches-at-station-casinos-properties-300536529.html

SOURCE IGT

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Financials ($)
Sales 2017 4 812 M
EBIT 2017 884 M
Net income 2017 -293 M
Debt 2017 7 115 M
Yield 2017 3,34%
P/E ratio 2017 -
P/E ratio 2018 104,96
EV / Sales 2017 2,48x
EV / Sales 2018 2,39x
Capitalization 4 841 M
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International Game Technol Technical Analysis Chart | IGT | GB00BVG7F061 | 4-Traders
Technical analysis trends INTERNATIONAL GAME TECHNOL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 28,7 $
Spread / Average Target 20%
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NameTitle
Marco Sala Chief Executive Officer & Director
Philip Glen Satre Chairman
Alberto Fornaro Chief Financial Officer & Executive Vice President
Alberto Dessy Independent Non-Executive Director
James Francis McCann Non-Executive Director
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