IGT Offers Mobile Games to Mr. Green - Analyst Blog
2013年4月12日 - 8:30PM
Zacks
International Game
Technology (IGT) 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 and
Wolf Run to Mr. Green. These mobile-based games are
compatible with Apple’s (AAPL) iOS devices as well
as with Google’s (GOOG) 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. (BYI) and WMS
Industries Inc., and higher operating costs due to investment in
product development are headwinds going forward.
Currently, IGT has a Zacks Rank #3
(Hold).
APPLE INC (AAPL): Free Stock Analysis Report
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GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
INTL GAME TECH (IGT): Free Stock Analysis Report
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