IGT Exchange Offer Expires

RENO, Nevada – (PRESS RELEASE) -- International Game Technology (NYSE: IGT) announced today the expiration and preliminary results of its offer to exchange up to $969,712,000 in aggregate principal amount at maturity of new Zero-Coupon Convertible Debentures due January 29, 2033 ("new debentures") for an equal aggregate principal amount at maturity of its currently outstanding Zero-Coupon Convertible Debentures due January 29, 2033 ("old debentures").

The exchange offer expired at 5:00 p.m., New York City time, on March 29, 2006. As of the expiration, $964,767,000 principal amount at maturity of the old debentures, representing approximately 99.5% of the outstanding principal amount at maturity of the old debentures, had been tendered, exclusive of outstanding debentures tendered by guaranteed delivery. IGT has accepted all validly tendered old debentures and, in exchange, will issue a like principal amount at maturity of new debentures and pay a cash exchange fee of $2.51 for each $1,000 principal amount at maturity of the old debentures exchanged. The new debentures will be issued promptly to holders who properly tendered old debentures in accordance with the terms of the exchange offer.