Gaming company, International Game Technology (IGT), recently dazzled the land
and online gambling industry when it announced impressive first quarter results
of $641.2 million and a cash flow increase of $153.7 million.
The IGT CEO reported that the company's results showed that in spite of a fall
in demand for US casino machines, the company was continuing its strategy of
increasing profitability through its international dealings and non-machine product sales.
In addition, IGT was looking forward to further improving its excellent financial position
with the much anticipated MegaJackpots product launch later in the year.
Income from the first quarter from ongoing operations was $122.4 million (33c per
diluted share), a rise from $116.7 million (32c per share) from the same time
last year. Net turnover for the quarter was $122.4 million (33c per share) as
opposed to $176.3 million (48c per share) from the same time last year.
