| International Game Technology | (NY: IGT) |
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May 21, 2013
International Game Technology (NYSE: IGT) makes slot machines and other electronic casino games. IGT sells the majority of its products directly to casinos and produces nearly 70% of slot machines in North America.[1][2] The company also develops and sells casino network systems, including Central Determination System (CDS) machines that connect casino games to a central server that determines the outcome of a specific game and the IGT Advantage Casino System that integrates operations such as machine accounting and table game automation.[3]
Shaky consumer confidence has sent the Applied Analysis Gaming Index, which includes casino operators and gaming machine manufacturers, down by 15.7 percent in January 2008, and IGT's stock dropped 6.78% during this time.[4]
(Read more at Wikinvest
) - Business Overview
- Business Segments
- Key Trends and Forces
- Economic cycles that decrease disposable income hurts gambling industry
- Governments moving toward more favorable gambling regulations
- Gaming industry is moving toward technology in IGT's expertise
- Customer preferences shifting towards electronic casino games
- Competition
- IGT and Key Competitors 2007
- References
