IGT Secures 10-Year Lottery Contract in Luxembourg

IGT Global Services Limited has secured a 10-year deal with Loterie Nationale to enhance gaming operations. This contract positively impacts IGT's future revenue and may uplift stock performance.

Date: 21-01-2025

AI Rating: 7

Contract Win
International Game Technology PLC (IGT) has announced a significant achievement by securing a 10-year contract with Loterie Nationale, the national lottery of Luxembourg. This contract is vital as it will enable IGT to implement its advanced OMNIA solution, including a cloud-based iLottery system. Such innovations are poised to enhance not just the efficiency of operations but also the user engagement.

Impact on Revenue
While the report does not specifically mention Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow, or Return on Equity, the lengthy contract suggests a stable revenue stream for IGT through the year 2036. This long-term engagement with a national lottery can contribute positively to future revenue figures.

Stock Performance
IGT’s stock price increased by 1.51 percent, or $0.26, to $17.43, reflecting positive market sentiment following the announcement. The secured contract is likely to strengthen investor confidence and could lead to further growth in stock value due to anticipated increases in revenue and market position.

Stocks: IGT