More Slot Machines Profits for IGT

Slot machines are doing well in North America if the profits from the slots manufacturers are any indication. As non slots states see the benefits the additional slot machine revenue can bring to the government and government funded programs, many of the non-slot machines states are looking into bringing controlled slots legislation that would bring in a set number of slot machines and the state would get a set percentage of the slots taxes.

These last elections in November made the slot machine manufacturers pretty pleased. Even though a few states voted down the slot machines, (like Ohio) there was support in those states that bodes well for the future of the slot machines.

Also, the states that already decided to bring in the slot machines have begun opening their first slots parlors in this fiscal fourth quarter. Both Pennsylvania and Florida have and are opening many slot machine parlors in the coming months.

And nobody could be happier about that than shareholders in International Game technology. According to IGT the had a rise in fourth-quarter profits and their net income is now higher at $114.9 million. Previously the profit was less at about $105.4 million.

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