International Game Technology
) is set to expand its mobile game offerings to Mr. Green, a
Swedish online casino operator. Mr. Green will have access to
IGT's wide array of free-to-play and real-money casino style
games through IGT's remote gaming server (IGT rgs).
IGT will offer popular game titles like
Cleopatra, Da Vinci Diamonds, Cats, Kitty Glitter
to Mr. Green. 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.
We believe that IGT's diversification in the mobile segment is
a long-term positive strategy. According to market research firm
BI Intelligence, the U.S. social gaming market (including mobile
games) is expected to more than double 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 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 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 WMS Industries Inc., and higher operating costs due to
investment in product development are headwinds going
Currently, IGT has a Zacks Rank #3 (Hold).
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