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International Game Technology News
IGT Declares Increase in Dividend
29 Sep 2004
International Game Technology’s Board of Directors has declared a quarterly cash dividend of twelve cents ($0.12) per share, payable on October 26, 2004 to shareholders of record on October 12, 2004.
IGT, Action Game Wins Lawsuit
27 Sep 2004
Alliance Gaming Corp. reports that a Federal District Court jury has reached a verdict against the company in a patent infringement case filed by Action Gaming, Inc. and International Game Technology, Inc.
Analyst Takes Look at Gaming Stocks
23 Sep 2004
Investing in gaming stocks may not be as much a gamble as in years past. Ian Wyatt looks into the industry and points to one clear winner.
World Poker Tour Enters Agreement IGT
22 Sep 2004
WPT Enterprises, Inc. has signed a long-term agreement with IGT to produce slot and video poker machines based on its World Poker Tour television series.
IGT to Expand Responsible Gaming Program
29 Jul 2004
IGT will expand the scope of its responsible gaming program as it joins the gaming industry nationwide in Responsible Gaming Education Week, Aug. 2 - 6.
IGT Still Rolling
23 Jul 2004
Goldman Sachs analyst Steve Kent said in an investor advisory that IGT delivered a very solid quarter from its revenue-sharing slot machine business and improved average revenue per unit.
IGT Reports Strong Q3 Results
22 Jul 2004
IGT reports adjusted income from continuing operations per diluted share of $0.35, an increase of 21% over Q3 2003.
IGT Responds to Wrongful Termination Claims
22 Jul 2004
International Game Technology has responded to allegations contained in a complaint filed July 8, 2004 against the company with OSHA by two former employees alleging retaliatory termination.
IGT Shares Down
20 Jul 2004
News Brief: Shares of International Game Technology fell 5 percent on Monday, and analysts said investors were concerned that a pair of major casino mergers would be bad for IGT and that tribal casino expansion in California might not go as planned.
Judge Won't Dismiss Tax Lawsuit Against IGT
2 Jul 2004
News Brief: A Reno judge refused Thursday to dismiss a whistleblower's claim that slot machine giant International Game Technology filed false tax returns and owes up to $30 million in back state taxes.
IGT Signs New Credit Facility
2 Jul 2004
International Game Technology has entered into a $1.5 billion credit facility with a syndicate of banks.
Slot Makers Shares Recover
25 Jun 2004
After sinking like bricks following the announcement of MGM Mirage's $7.9 billion bid for Mandalay Resort Group, slot maker shares recovered 3 percent to 5 percent.
Execs Dismiss New York Post Story
25 Jun 2004
Officials at MGM Mirage and IGT called the New York Post’s report that IGT stood to benefit from the MGM Mirage’s buyout of Mandalay as laughable.
Shares of Slot Machine Makers Jump Today
24 Jun 2004
News Brief: Shares of slot machine makers International Game Technology and WMS Industries Inc. jumped about 6 percent on Thursday after Pennsylvania legislators neared a deal to expand gambling that could bring the state $1 billion annually in taxes.
Judge Weighs IGT Tax Case
17 Jun 2004
News Brief: A Reno judge has taken under consideration requests by International Game Technology and Nevada's attorney general to dismiss a claim that IGT filed false tax returns and owes up to $30 million in back state taxes.
IGT Expands Credit Line
16 Jun 2004
News Brief: Slot machine maker International Game Technology said it was expanding its lines of credit and was comfortable with analysts' average 2004 profit forecast of $1.32 per share, sending its shares up 3.6 percent.
IGT Redeems Senior Notes
16 Jun 2004
IGT reports that it is redeeming all $569.6 million in principal amount outstanding of its 8.375% Senior Notes due May 2009.
IGT Rating May Be Raised
20 May 2004
Moody's Investors Service New York Moody's Investors Service placed the ratings of International Game Technology on review for possible upgrade.
IGT Building the Next Big Thing
12 May 2004
News Brief: Deep within a sprawling factory complex, IGT employees are building a slot machine they hope will succeed like nothing before.
Gaming Execs Make Forbes Compensation List
4 May 2004
Top executives at four Nevada gaming companies -- Caesars Entertainment, Harrah's Entertainment, International Game Technology and MGM Mirage -- made this year's Forbes list of compensation at the top 500 U.S. companies.
S&P Revises IGT Outlook
28 Apr 2004
Standard & Poor's Ratings Services today revised its outlook on International Game Technology to positive from stable.
Red Rock Station to Feature IGT EZ Play Machines
22 Apr 2004
IGT have reached an agreement with Station Casinos for the purchase of 2,100 new machines for Red Rock Station, currently scheduled to open in late 2005 or early 2006.
IGT Reports Results Up
22 Apr 2004
IGT reports Q2 net income totaled $116.9 million or $0.32 per diluted share versus $87.1 million or $0.25 per diluted share in the prior year quarter. Revenues grew 20% in the second quarter to a record $636.1 million compared to $529.1 million in the prior year quarter.
Cashless Slots Becoming More Popular
29 Mar 2004
The race to cashless slots is picking up speed and should accelerate in the next two years as small- and medium-size casinos join the stampede, a Goldman Sachs survey released this week said.
Tough Road Ahead for IGT
24 Mar 2004
News Brief: The slot-machine maker has been on a roll. Now it's gambling on overseas expansion to hedge against a domestic market that could cool.
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