Nov 12, 2014 Newsdesk Industry Talk, Latest News  
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.
May 11, 2022
Apr 12, 2022
May 16, 2022
May 16, 2022
May 16, 2022
Macau’s Court of Final Appeal announced on Monday sentences in relation to a total of nine cases concerning debt claims involving junket operators based at local casinos. In all the cases, the...
(Click here for more)
”Any reduction in [Macau gaming] tax would be positive for future profits and cash flows, all else equal”
DS Kim, Amanda Cheng and Livy Lyu
Analysts at brokerage JP Morgan Securities (Asia Pacific)