IGT reports handsome profit
April 21, 2006 on 1:08 pm | In Slot machine articles online |Making slot machines can be a lucrative business, as witnessed by IGT’s impressive profit performance.
“For the quarter ended March 31, the company earned $124 million, or 35 cents a share, up 32 percent from $93.9 million, or 26 cents a share, during the same period a year ago”
IGT is the worlds largest slot maker, with hundreds of games available. It noted in the report that its home market - the USA - is currently limited in opportunities for expansion - so its working harder overseas to increase revenues.
Here in Australia IGT machines comprise a relatively small percentage of installed gaming product. Recent advances, in particular the Blue Chip range of gaming machines, have seen IGT’s market share in Australia increase.
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