Company Profile For International Game Technology

International Game Technology (IGT) is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and network systems, as well as licensing and services. The Company maintains an array of entertainment-inspired gaming product lines. In addition to its United States production facilities in Nevada, it manufactures gaming products in the United Kingdom and through a third-party manufacturer in Japan. The Company derives its revenues from the distribution of electronic gaming equipment and network systems, as well as licensing and services. Gaming operations generate recurring revenues by providing customers with its proprietary gaming equipment and network systems, as well as licensing, services, and component parts. Its product sales include the sale of gaming equipment and network systems, as well as licensing, services, and component parts. In January 2009, it acquired certain operating assets of Progressive Gaming International Corp.

BRIEF: For the fifty two weeks ended 30 September 2009, International Game Technology's revenues decreased 16% to $2.11B. Net income decreased 56% to $149M. Revenues reflects a decrease in income from Gaming Operations and lower revenue from Product Sales segments. Net income also reflects an increase in depreciation & amortization expenses, a rise in restructuring costs and the presence of loss on other assets.