- International Game Technology PLC (NYSE:IGT) said its subsidiaries, IGT Global Solutions Corporation, IGT México Lottery, and IGT SME, have inked a new contract with Mexico’s national lottery, La Lotería Nacional (LOTENAL). Financial terms were not disclosed.
- The company will provide lottery solutions and sports betting services in Mexico until Sept. 30, 2024.
- IGT will deliver an integrated draw-based and instant ticket central system, lottery terminals, a communications network, and marketing services such as research and game planning.
- The company will provide trading advisory services for sports betting, including risk management and odds setting.
- The services to LOTENAL include lottery game transactions and instant ticket distribution across 8,400 terminals nationwide.
- Price Action: IGT shares closed lower by 0.42% at $25.84 on Friday.
RBC Capital Maintains Outperform on First Advantage, Lowers Price Target to $14
RBC Capital analyst Ashish Sabadra maintains First Advantage (NASDAQ:FA) with a Outperform and lowers the price target from $15 to $14.
