International Game Technology
) will provide its online and mobile games to Betsson, a Maltese
sports betting and gaming company. Betsson will have access to
IGT's wide array of free-to-play and casino style games through
IGT's remote gaming server (IGT rgs).
IGT will offer popular game titles like Cleopatra, Da Vinci
Diamonds, MONOPOLY plus and 100 Pandas to Betsson. These
mobile-based games are compatible with
) iOS devices as well as with
) Android-based devices, enabling the game to reach out to a
large number of gamers.
Recently, IGT entered into a similar partnership to
provide online games with Mr. Green, a Swedish online casino
operator. We believe that IGT's diversification in the mobile
segment is a long-term positive strategy.
According to the market research firm, BI Intelligence, the
U.S. social gaming market (including mobile games) is expected to
increase more than two-folds from approximately $2.0 billion in
2011 to approximately $5.5 billion by 2015.
Though IGT is a comparatively new entrant in the online social
and mobile gaming market, we believe that the company's strong
product portfolio and its customer base will provide it a
competitive edge over other established players.
We believe that IGT will benefit from new contract wins along
with an improving domestic gaming environment, international
expansion opportunities, an impressive product portfolio, reduced
dependence on the domestic machine replacement cycle and strong
growth from the interactive business, going forward.
Additionally, the company is keeping pace with technology
demands and has made a headway with its IGT Cloud offering. We
expect the IGT Cloud services to gain traction in the casino
gaming industry, as it is expected to be well received by new
casino properties, thereby improving the company's top line.
However, increasing competition from
Bally Technologies Inc.
) and higher operating costs due to investment in product
development are headwinds, going forward.
Currently, IGT has a Zacks Rank #2 (Buy).
APPLE INC (AAPL): Free Stock Analysis Report
BALLY TECH INC (BYI): Free Stock Analysis
GOOGLE INC-CL A (GOOG): Free Stock Analysis
INTL GAME TECH (IGT): Free Stock Analysis
To read this article on Zacks.com click here.