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Stock Market & Financial Investment News

News Breaks
February 7, 2013
08:22 EDTIGTAdler Group sends letter to IGT stockholders regarding board nominees
"Since last September, we have sought a dialogue with the IGT board regarding our concerns with IGT's operating and share price performance and how we believe we can help create value for ALL shareholders. We have had no confidence that our views--which we believe are strongly aligned with all shareholders' interests--have been considered, and we are determined to seek the support of our fellow shareholders in order to gain better representation for all of us in the boardroom. Unfortunately, in response to our efforts, our Board and management have resorted to a series of cheap personal attacks designed, in our view, simply to distract shareholders from the real issue... The Ader nominees have a forward-looking plan to refocus IGT on its core slot machine and systems business in order to increase shareholder value. As detailed in our presentation, we believe that our plan could create incremental annual EBITDA of $160M-200M with an associated upfront investment of $125M-150M."
News For IGT From The Last 14 Days
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April 27, 2015
19:00 EDTIGTScientific Games says receives license termination notice from IGT
In a regulatory filing, Scientific Games (SGMS) reports that on April 21, it received notification from International Game Technology (IGT) purporting to terminate the license agreement between the two companies as a result of Scientific Games' alleged breach of licensing terms. The company notes that on June 13, 2014, it entered into a license agreement with IGT for its “ticket-in-ticket-out” cashless gaming technology. Prior to its acquisition by Scientific Games, Bally Technologies had also entered into a license agreement with IGT for the same technology. IGT believes that Scientific Games is in breach of its license agreement due to its use of license tags belonging to Bally instead of license tags issued to Scientific Games itself.

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