Games Software Poker Network News

IGT grows Q3 profits despite revenue decline
30 Jul 2014

During the quarter, IGT collected $467.6 million in revenue, a 19 percent decrease from the same quarter of the 2013.

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Many do-si-dos lead, at last, to a deal
28 Jul 2014

The $6.4 billion acquisition of slot machine manufacturer International Game Technology by lottery provider GTECH shouldn’t have surprised anyone in gaming.

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IGT-GTECH deal called plus for industry
17 Jul 2014

After years without consolidation of the manufacturing side of the gaming industry, the deal between Italy-based GTECH and Nevada-based IGT marked the fourth major transaction in the sector since late last year.

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Speculation abounds on casino industry mergers, acquisitions
14 Jul 2014

For the first time since the recession dried up credit markets and brought mergers and acquisition activity to a standstill, the casino industry is awash with speculation about transactions.

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IGT partners with bwin.party
24 Jun 2014

Game launches across major regulated markets increase excitement for bwin.party players

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IGT share price surges 15 percent on reports company is for sale
10 Jun 2014

An IGT spokesman declined to comment on the report from Reuters, which said the company hired investment bank Morgan Stanley to field sales offers.

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Sorry, IGT, just like McKayla, investors are not impressed
7 May 2014

In April, the company reported a 66 percent decline in earnings and a 15 percent decline in net revenue for the second quarter.

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IGT earnings tumble 66 percent
24 Apr 2014

The company said its net income in the quarter that ended March 31 fell to $25.7 million, compared with $78.2 million in the same three-month period a year ago.

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Merger ushers in leadership shuffle for WMS Industries
16 Apr 2014

Earlier this month, Scientific Games moved WMS’ longtime chief financial officer into the same role with the parent company.

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IGT announces first multistate progressive jackpot network
14 Apr 2014

The initial networks involve casinos operated Caesars Entertainment Corp. and Boyd Gaming Corp.

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IGT financial woes a drag on entire gaming equipment sector
28 Mar 2014

IGT took a battering from investors Wednesday, March 26 and analysts worried sour financial predictions announced 24 hours earlier might taint rival companies in the gaming equipment sector.

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IGT expands use of Wheel of Fortune brand in gaming
26 Mar 2014

The deal covers traditional slot machines, online games, mobile devices and free-play social games.

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Analysts wary of market-share erosion for slot maker IGT
25 Mar 2014

Despite first-quarter results that were well received by investors, at least two analysts raised concerns in recent weeks that IGT could be bleeding away slot machine market share to the competition.

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Murren wants AGA to dial down the rhetoric on Web poker
24 Mar 2014

Jim Murren, chairman and CEO of MGM Resorts International and chairman of the American Gaming Association, wants AGA to dial down its lobbying and advocacy efforts on behalf of legalizing Internet poker.

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Slot machine keys available online — but who can use them?
10 Mar 2014

Common slot machine reset keys — identical to one that caused a Reno casino to be hit with a $1 million gaming fine — are easily found for sale on various Internet sites.

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