Nasdaq-listed International Game Technology (IGT) announced on Tuesday that the board of directors has declared a cash dividend of US$0.11 per share on its common stock.
“This marks the 47th consecutive quarter that the company has paid a dividend, which is currently the longest streak in the gaming industry,” IGT said in a statement.
The U.S.-based slot machine maker said net income for the three months to September 30 rose 12 percent year-on-year to US$70.9 million. That was on revenue for the quarter that actually fell 15 percent year-on-year to US$536.5 million from US$632.3 million in 2013, the firm reported last week.
In July, Italy-based lottery specialist GTech SpA announced it was acquiring IGT for US$6.4 billion, comprised of US$4.7 billion in cash and stock, and the assumption of US$1.7 billion in net debt. The deal is due to be completed in the first half of 2015.
Sep 25, 2023The Macau government has made public the maximum number of licensed gaming promoters – also known as ‘junkets’ – that each of the city’s casino operator will be able to work with in...
"We [estimate] that these illegal [currency exchange] transactions account for somewhere between 50 percent to 60 percent [of Macau's annual gross gaming revenue]”
Managing partner at IGamiX Management and Consulting