Slot giant sees rough going but forecasts survival

Stutz, Howard
February 2009
Las Vegas Business Press (10712186);2/2/2009, Vol. 26 Issue 5, pP4
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.


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