IGT Seeking Sale: Shares Hit Five-Year Record High

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

News that International Game Technology (IGT) is potentially seeking a buyer resulted in shares reaching a five-year high on Monday.  Morgan Stanley has been brought on to assess a sale of the slot maker’s business.

The shares rose 14 percent to $14.31 at the close in New York Monday, the biggest one-day gain since April 3, 2009. The stock had fallen 31 percent this year through June 6.

The company makes popular slot machines bearing a variety of brands such as that of television show "Wheel of Fortune," as well as the movie "Avatar."
According to IGTs website, customers include Stations Casinos, MGM Resorts International, and the Bellagio Resort and Casino.

IGT was the subject of a hostile board shakeup last year widely covered on the Gambling911.com website at the time. 

- Aaron Goldstein, Gambling911.com

Gambling Companies
Business & Financial
Gambling News

betonline Ace Per Head pro bookiesBetMania 

betphenix sportsbetting skybook

Related Content

Connecticut Crackdown on Prediction Markets Continues

Connecticut Crackdown on Prediction Markets Continues

Media companies and gaming service providers also issued subpoenas.
Graton Resort & Casino Hosts World Premier of Aristocrat Gaming's Buffalo Super Rush

Santa Rosa, California's Graton Resort & Casino Hosts World Premier of Buffalo Super Rush

Guests at the Sonoma County resort could be heard yelling “Buffalooo!” across the casino floor as the all-new game made its debut. Graton celebrated the premiere with a free pull event for guests, with the chance to win $110,000 in cash prizes.
Real App Names FanDuel Its First Official and Exclusive Sportsbook and Prediction Market Partner

Real App Names FanDuel Its First Official and Exclusive Sportsbook and Prediction Market Partner

Partnership integrates FanDuel odds and contextual markets into Real’s live experience and creates a new way for FanDuel to connect with the next generation of sports fans.
VGW Responds to New York AG Settlement: Will Continue to Operate Using Its Gold Coins Play

VGW Responds to New York AG Settlement: Will Continue to Operate Using Its Gold Coins Play

"VGW appreciates the NYAG’s recognition of VGW’s cooperation throughout its investigation and looks forward to continuing to operate its online social games in the State of New York solely through Gold Coins play."