Survey says IGT product most improved

May 20, 2009 11:09 PM
Staff & Wire Reports |

A recent survey indicates International Game Technology had the most improved product offering at one of the casino industry's biggest conventions, an analyst said Wednesday.

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UBS's Sam Theodore said the firm's latest slot industry poll shows customers favored IGT's products at the G2E gaming manufacturer expo. The Reno, Nev.-based slot machine and casino management systems maker also looks to capitalize on the sector's shift to server-based gaming.

"IGT continues to be consistently ranked as having the most attractive serve-based gaming solution in our surveys. With strength in the area that will most likely lead the next replacement cycle, we continue to believe IGT is well-positioned," Theodore wrote in a client note.

The analyst reaffirmed IGT's "Buy" rating.

The company's stock gained 24 cents to $15.07 in morning trading.

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