Tough Road Ahead for IGT

24 Mar 2004

NEVADA – As reported by Business Week: "…IGT has always been focused on expanding into new markets.

"The next few years will be a bit of a gamble for IGT, however. The outfit, which controls an estimated 70% share of the U.S. slot market, has benefited from a major replacement cycle in U.S. casinos.

"…For the fiscal year ended Sept. 30, IGT earned $390 million on sales of $2.1 billion. Its shares have quadrupled in price over the past three years.

"That's a stellar performance, but IGT's prospects the next few years may not be as bright. If the replacement market starts to cool, which seems likely, IGT will badly need new markets.

"…IGT is beefing up its product line for those markets and continuing to eye new ones. In addition to Britain, it's aiming for new sales in countries such as Macau, Russia, Poland, and Italy. Presently, IGT gets only 11% of its sales from overseas.

"Analysts expect IGT's earnings to climb 19% this year, to $1.31 a share, according to Reuters…"

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	Tough Road Ahead for IGT 24 Mar 2004 NEVADA – As reported by Business Week: "…IGT has always been focused on expanding into new markets. "The next few years will be a bit of a gamble for IGT, however. The outfit, which controls an estimated 70% share of the U.S. slot market, has benefited from a major replacement cycle in U.S. casinos. "…For the fiscal year ended Sept. 30, IGT earned $390 million on sales of $2.1 billion. Its shares have quadrupled in price over the past three years. "That's a stellar performance, but IGT's prospects the next few years may not be as bright. If the replacement market starts to cool, which seems likely, IGT will badly need new markets. "…IGT is beefing up its product line for those markets and continuing to eye new ones. In addition to Britain, it's aiming for new sales in countries such as Macau, Russia, Poland, and Italy. Presently, IGT gets only 11% of its sales from overseas. "Analysts expect IGT's earnings to climb 19% this year, to $1.31 a share, according to Reuters…"