Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

International Game Technology : ICP Partners with IGT to Offer Customers Unique Opportunity to Transfer Account Balances to Bank Cards

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/13/2017 | 02:04pm CEST

- ICP to integrate its OmniCommerce Processing Solutions into several IGT systems solutions to enhance casino player experience and create additional marketing opportunities and revenue streams for casino operators -

Innovative Computer Professionals (“ICP”) a FinTech Corporation and its affiliates: Security State Bank of Atkin, MN, Hallmark Trust Limited of Turks & Caicos – both Key Principal Members of Mastercard – announced today that it has partnered with IGT (NYSE:IGT) to integrate its OmniCommerce® Software Platform into several of IGT’s leading casino systems solutions. With the combination of ICP technologies and IGT’s systems solutions, casino patrons can transfer casino funds onto ICP-issued bank cards to allow them to spend their cash.

Through the partnership, ICP is integrating its OmniCommerce® Software Platform of products and Key Principal Mastercard Membership issuance abilities with Security State Bank and Hallmark Trust Limited. This includes credit/debit/prepaid card issuing, point-of-sale, ATM, and ACH processing capabilities, into several of IGT’s best-in-class casino systems products including IGT Advantage®, Cardless Connect™, PlaySpot™ and EZ Pay®.

The OmniCommerce® Software Platform is currently installed and operating in financial institutions in 17 countries and operates programs in multiple languages and currencies.

Craig Potts, Chairman and Owner of ICP, stated, “We continue to expand the ICP client list and our geographical reach. IGT is the leading end-to-end provider in the gaming industry and working with them positions ICP for significant new market opportunities.”

“Our partnership with IGT significantly enhances the consumer universe that has access to our unique card products and platform,” added Mr. Potts. “With the help of ICP technology, consumers will be able to transfer account balances to a card that allows them to spend, send or save their money globally. We expect this partnership to accelerate our growth in the coming years.”

“IGT’s partnership with ICP strengthens our systems portfolio with a cashless payment solution that our customers can leverage to differentiate their casino floors and gain robust business intelligence on and beyond the gaming floor,” said Sina Miri, IGT Vice President Casino Systems. “Our goal is to modernize the casino patron experience and eliminate unnecessary friction points such as physical player loyalty cards and cash-only commerce. The combination of the ICP-issued credit, debit, or pre-paid cards, IGT’s Cardless Connect and cashless capabilities creates a highly desirable, contemporary and secure user experience that can elevate the player experience and enhance operational efficiencies.”

This partnership allows casino operators to create their own custom design and program terms, enabling them to enhance their branding while retaining all of the normal features and benefits of a credit, debit, or prepaid card program. Notably, the card program allows a casino to capture customer insights, creating a unique marketing database opportunity for the casino, and creating potential for a casino to generate additional revenue streams.

“IGT is committed to fueling our customers’ growth and providing solutions that can help them attract the attention of an expanded demographic of players, while meeting the changing needs of today’s player base. Cashless solutions such as what we have created with ICP establish a solid foundation for the next generation of gaming payment solutions,” added Mr. Miri.

About ICP

Innovative Computer Professionals, Inc. a FinTech Corporation was started in 1996 as a computer consulting company with an emphasis on mainframe and client-server ATM and POS host systems. ICP developed its own proprietary credit card issuance and acquiring software platform with the OmniCommerce® Brand which was first installed at a financial institution customer in 2000 and is now being used in 17 countries and with multiple languages and currencies. ICP Inc.’s mission is to design, develop, and deliver innovative technology solutions through a commitment to integrity, service and quality to its customers while providing a safe, enjoyable, creative environment for its employees.

Craig Potts, the Chairman and Owner of ICP, has been involved in the financial services industry as an entrepreneur throughout his entire professional career for the last 25 years.

Craig Potts started Cash Systems Inc. in 1996 with a small loan and some refurbished ATM Machines. In less than 8 years Craig managed and built Cash Systems into the second largest cash access service provider in the casino gaming industry. Cash Systems (Nasdaq: CKNN) had annual revenues in excess of $156 million and processed over $3.5 billion of electronic financial transactions in the casino gaming industry. When Craig sold his majority interest in Cash Systems in 2005 the Company was providing financial services in more than 150 casinos and racetracks in multiple states and countries and had more than 250 employees.

Today Craig Potts owns Security State Bank of Aitkin, a 102-year-old Minnesota State Chartered and FDIC Regulated Bank with four branch offices and Hallmark Trust Ltd. of Turks and Caicos, a key principal member of Mastercard. For more information, please visit www.icp-inc.com.

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.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTERNATIONAL GAME TECHNOL
09/20 INTERNATIONAL GAME TECHNOLOGY : IGT Signs Cross-Licensing Agreement With AGS
09/14 EXCLUSIVE : Billionaire founder fights back for control of Japan's Universal
09/06 IGT : Unveils New Product Ecosystem at NASPL 2017, Sept. 13 - 16 in Portland, Or..
08/14 IGT : Megabucks Awards $11.8 Million Jackpot at Fremont Hotel & Casino in Las Ve..
08/01 INTERNATIONAL GAME TECHNOLOGY (NYSE : IGT) reported earnings of $0.15 per share ..
08/01 INTERNATIONAL GAME TECHNOLOGY PLC : Reports Second Quarter 2017 Results
08/01 INTERNATIONAL GAME TECHNOLOGY PLC : Investor Network: International Game Technol..
07/26 INTERNATIONAL GAME TECHNOLOGY : IGT Announces New Term Loan Facility And Amendme..
07/18 IGT : Issues 10th Annual Sustainability Report
07/17 IGT : Showcases Class II Content for the Top-Performing S3000 Cabinet at OIGA Co..
More news
News from SeekingAlpha
09/03 PRO WEEKLY DIGEST : How CashFlow Hunter Builds A 'Hedged Income' Portfolio Throu..
08/29 After Hours Gainers / Losers
08/21 Tracking Alex Roepers' Atlantic Investment Management Portfolio - Q2 2017 Upd..
08/08 International Game Technology goes ex-dividend tomorrow
08/08 Book Profits On Puma Biotechnology - Cramer's Lightning Round (8/7/17)
Financials ($)
Sales 2017 4 808 M
EBIT 2017 842 M
Net income 2017 -280 M
Debt 2017 7 170 M
Yield 2017 3,41%
P/E ratio 2017 -
P/E ratio 2018 113,06
EV / Sales 2017 2,48x
EV / Sales 2018 2,38x
Capitalization 4 746 M
Chart INTERNATIONAL GAME TECHNOL
Duration : Period :
International Game Technol Technical Analysis Chart | IGT | GB00BVG7F061 | 4-Traders
Technical analysis trends INTERNATIONAL GAME TECHNOL
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 27,2 $
Spread / Average Target 16%
EPS Revisions
Managers
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
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL GAME TECHNOLOGY PLC-6.43%4 746
LAS VEGAS SANDS CORP.19.14%50 344
SANDS CHINA LTD.18.21%40 933
GALAXY ENTERTAINMENT GROUP LIMITED60.39%29 857
MGM RESORTS INTERNATIONAL14.74%19 016
WYNN RESORTS, LIMITED68.41%14 913