Details

Titel

International Game Technology Reports Record $0.51 Per Diluted Share For the Third Quarter of Fiscal 2000

Ist Teil von

• PR Newswire, 2000, p.1

Ort / Verlag

New York: PR Newswire Association LLC

Erscheinungsjahr

2000

Beschreibungen/Notizen

• Product sales revenue totaled $166.7 million and $395.1 million for the current quarter and year-to-date periods versus $167.6 million and $443.8 million for the corresponding periods of fiscal 1999. Quarter and year-to-date sales totaled 32,000 and 74,300 units compared to 33,700 and 91,600 units in the corresponding periods of fiscal 1999. Current quarter sales benefited from the commencement of legalized gaming in California. IGT sales to California Native American casinos totaled 1,900 machines representing approximately 64% of all the machines shipped into this new market. "It's exciting to see the startup of the new-style casinos in California," said Tom Baker, President and COO of IGT. "IGT and Sodak have worked hard to establish and renew relationships and prepare for this new beginning. We still face a large installed base of existing games and it may take some time for us to expand our market share, but California represents a land of opportunity and our initial response has been very favorable." Revenues from gaming operations reached $96.9 million and $293.1 million for the quarter and nine months ended July 1, 2000 versus $91.3 million and $257.6 million for the comparable periods of fiscal 1999. This represents growth rates of 6% and 14% for the quarter and year-to-date periods. The installed base of Wheel of Fortune(R) now totals over 10,000 games driven by the continued strength of both the video and the original spinning reel versions of this popular product. During the last three months, placements of the original Wheel of Fortune grew over 200 units along with 900 additional video version units. Additionally, outstanding orders for the video version are currently in excess of 1,200. IGT's latest MegaJackpot(TM) game, The Addams Family(R), debuted in May to excellent reviews. Currently 140 machines are on line with outstanding orders in excess of 1,400. The total installed base of MegaJackpot(TM) machines including joint venture units totaled 17,600 at quarter end compared to 14,600 one year earlier. Of these, approximately 14,600 are new platform, higher performing games.