International Game Technology (IGT) is the largest slot machine maker in the world. This division has been the company's bread and butter since 1981. However, that is now changing as the focus is on the online gaming market. IGT's DoubleDown Interactive division now boasts the top-grossing casino game on Facebook (FB), after surpassing Zynga (ZNGA) poker.
IGT has been an innovator in the casino game business throughout its history. Its first big break was the development of the video poker machine. In 1984 the company helped pioneer the concept of computerized player tracking. This lead to the proliferation of the casino frequent-player rewards programs that are so popular today....
Only subscribers can access this article, which is part of the PRO research library covering 3,741 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: