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

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International Game Technology : IGT Signs Cross-Licensing Agreement With AGS

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09/20/2017 | 10:50pm CEST

LONDON, Sept. 20, 2017 /PRNewswire/ -- International Game Technology PLC ('IGT') (NYSE: IGT), holder of the largest slot game feature patent portfolio in North America, announced that it has signed a patent cross-licensing agreement with AGS, a full-service designer and manufacturer of gaming products for the casino floor. Under the agreement, AGS can offer games including patented features from the IGT portfolio, and will pay licensing fees to IGT.

'Our success over the last few years has been a direct result of our team's focus on providing engaging, diverse, and unique gaming experiences to players around the world,' said Julia Boguslawski, AGS Chief Marketing Officer. 'This agreement with IGT, giving us access to a depth of patents, helps us remain focused on that goal while continuing to deliver some of the highest performing games in the industry.'

'We continue to build on the strength and value of IGT's intellectual property as more and more gaming companies license our patented game features. This cross-licensing agreement with AGS extends the reach of our IP even further across the gaming industry, helping propel our collective innovation and growth,' said Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive.

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.

About AGS
AGS LLC is a full-service designer and manufacturer of gaming products for the casino floor. The Company's roots are in the Class II, Native American market, and it has expanded its offerings to include top-performing slot games for the Class III commercial marketplace as well as specialty table game products, B2B social casino products, and B2C social casino games. To learn more, visit AGS at the 2017 Global Gaming Expo inside Booth #1253 or www.playags.com.

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

AGS Contacts:
Julia Boguslawski, Chief Marketing Officer and Investor Relations, (702) 724-1125

© 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-signs-cross-licensing-agreement-with-ags-300522669.html

SOURCE IGT

IGT - International Game Technology plc published this content on 20 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 September 2017 20:49:02 UTC.

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Financials ($)
Sales 2017 4 808 M
EBIT 2017 842 M
Net income 2017 -280 M
Debt 2017 7 170 M
Yield 2017 3,35%
P/E ratio 2017 -
P/E ratio 2018 115,08
EV / Sales 2017 2,50x
EV / Sales 2018 2,40x
Capitalization 4 831 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 6
Average target price 27,2 $
Spread / Average Target 14%
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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
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