IGT Slot Machines Doing Well

International Game Technology, long known for their slot machine designs, has had a very good year. The company shipped over 30,000 less slot machines than last year to international destinations, but shipped more slot machines in North American than they had the previous year. Many of those slot machines went to the Gulf Coast where they are trying to rebuild.

IGT has brought in more than 3/4ths of the slot machines at MGM Mirage’s Beau Rivage resort, as well as supplying other casinos with slot machines as well. With the demand for slot machines that are above the rest going up, the cost of each slot machine has risen as well. The prices of slot machines have risen 16%. The installed base of slot machines has risen as well, going from 11,000 slot machines installed last year – to 50,000 slot machines installed this year. Each slot machine brings in steady revenues that reached a high of roughly $1.2 billion in 2006.

Profit margins have been increased with operating income of the slot machine giant rising 9% - much of that cash goes to shareholders. The slot machine company has been cautious but it seems that there is not a need for that take anymore. They may want to get a little less cautious when promising slot machines in the future.

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