TITLE

Slot giant sees rough going but forecasts survival

AUTHOR(S)
Stutz, Howard
PUB. DATE
February 2009
SOURCE
Las Vegas Business Press (10712186);2/2/2009, Vol. 26 Issue 5, pP4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in demand for replacement machines in North America during the 2009 economic crisis. International Game Technology (IGT) reports that its stock price lost over 80% of its market value and revenues declined by 7% during the first quarter of 2009. However, casino operators prefer to maintain their boxes and upgrade its gaming software instead of getting a new box. Given this, IGT is increasing its technology offerings to change games without swapping machines.
ACCESSION #
40537936

 

Related Articles

  • NEW AIRCRAFT BUSINESS BOOMING BUT MARKET IS volatile. Townend, Steven // inFinance;Jun2011, Vol. 125 Issue 2, p54 

    The article discusses the favorable condition of the airline industry following the devastation of the global financial crisis. It notes that despite its cumulative loss of 25.9 billion dollars, it has significantly recovered and has placed big orders for new and fuel efficient aircraft. Factors...

  • Nonprofits can survive and thrive an economic drought. BRUSSALIS, CHRIS W. // Accounting Today;5/18/2009, Vol. 23 Issue 8, p10 

    The article discusses how non-profit organizations can survive the economic crisis. It suggests that nonprofits assess their positions and performances and plan their activities via a dynamic planning process. During troubled times, nonprofits face increased demands for services with less...

  • The Global Economic Crisis as a Process of Technological Shifts. Glazyev, S. // Problems of Economic Transition;Sep2009, Vol. 52 Issue 5, p3 

    The article analyzes fundamental reasons for the world economic crisis in the light of global technological shifts. It demonstrates that the cause of crisis is the substitution of technological modes. It shows that sharp fluctuations in stock indexes and prices for energy resources are typical...

  • FORMTECH'S NEW MECHANICAL PRESS NEARING COMPLETION.  // Forging;Jul/Aug2009, Vol. 20 Issue 4, p8 

    The article reports that FormTech Industries LLC has almost completed the installation of its new forging press in Fraser, Michigan. Installation of the 2,500-ton mechanical press was stopped in 2008 because of the global economic crisis conditions at that time. The company estimates that the...

  • Paper MACHINE CLOTHING. Ostle, Glenn // Paper 360;Jan/Feb2010, Vol. 5 Issue 1, p25 

    The article reports on the decline of global paper machine clothing (PMC) business due to poor economic situation. It evaluates the AccuFlow-S from AstenJohnson, the Formexx from Xerium Technologies and the AS G2 press fabric from Voith AG. A diagram is also presented which compares the 2008...

  • Can Microsoft ascend into the cloud? Mohammed, Arif // Computer Weekly;2/22/2011, Issue 8, p16 

    The article discusses the challenges of Microsoft Corp. It is stated that Microsoft has annual revenue of 62, 484 billion U.S. dollars in the fiscal year 2010. It informs that the strength of Microsoft lies in its range of products from the desktop to datacentre. It says that Microsoft is...

  • Newspapers' Annual Reports Show Chains Profitable. Edge, Marc // Newspaper Research Journal;Fall2014, Vol. 35 Issue 4, p66 

    The article presents a study examining on the profitability of newspaper companies in the United States. Books citing technological and economic forces threatening newspapers including "The Disappearing Daily," by Oscar Garrison Villard, "The Fading American Newspaper," by Carl E. Lindstrom and...

  • Revenue Growth Continues in Tough Year. Bates, Jason; Holmes, Mark // VIA Satellite;7/1/2010, Vol. 25 Issue 7, p6 

    The article presents information on the growth of the satellite industry and related services. The Satellite Industry Association (SIA) reported the growth in all the segments measured. The strong performance shows the resilience of the satellite industry even during recession. The global...

  • Where next? Sleight, Chris // American Cranes & Transport;Oct2009, Vol. 5 Issue 10, p12 

    The article reports on the economic status of heavy equipment industry in the U.S. after the current financial recession. It provides a graph that indicates the cyclical steps of the industry during the March to September 2009 recovery period. It mentions that the investors wanted to see signs...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics