International Game Technology (
will showcase its upcoming games and systems at the Indian Gaming
2013 Tradeshow and Convention from Mar 26-27 in Phoenix, Ariz.
IGT will display its full product portfolio that not only
includes traditional video slots but also mobile and interactive
IGT will exhibit a number of new games that include
bonus themes as well as
video slots and
The Phantom of the Opera
video slots. Under the
gaming portfolio, IGT will unveil
Two Doors Down
Nine to Five Spinning Reels
IGT will display its sbX system solutions along with IGT Cloud
at the show. IGT Cloud helps casino operators to deploy sbX
system solutions fast. sbX solutions also help operators to
optimize casino properties by using IGT's different casino
management solutions and analytics. Moreover, it also gives
access to IGT's vast gaming library (more than 400 games).
IGT Cloud has been selected by a number of International
casino providers such as Rivera, SALTO Hotel and Casino, Rank
Group and Olympic Entertainment over the last 12 months. The
popularity of the Cloud in the casino gaming industry is
encouraging as it is expected to improve IGT's top line going
IGT is also gaining traction through its DoubleDown Casino,
which has attracted lot of attention in recent times. With more
than six million monthly active players, DoubleDown Casino is one
of the top five revenue earning apps on
. It also became the #6 top-grossing app on
iPad in the first quarter of 2013. Moreover, average revenue per
daily active user also improved from 28 cents to 30 cents in the
In the upcoming show, DoubleDown Casino will display
top-performing land-based games, including
Da Vinci Diamonds
. DoubleDown Casino's growing exposure to land-based operators
(through DoubleDown Casino Partner Program) is a significant
growth opportunity for IGT.
Through the program, IGT has partnerships with more than 40
casinos across the United States, which has helped the company to
achieve significant customer base in the recent past. IGT has
also tied-up with international operators in Belgium, United
Kingdom, Italy and Denmark, which further expands its presence in
the European regulated online casino market.
We believe that IGT's innovative product pipeline provides it
a significant competitive edge over its peers such as
Bally Technologies (
, Aristocrat, and Konami Gaming.
Currently, IGT has a Zacks Rank #2 (Buy).
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