IGT expands base of progressive slots

Jul 29, 2009 7:48 PM
Staff & Wire Reports |

IGT (International Game Technology), the world’s largest manufacturer of slot machines, today announced it has entered an agreement with Boyd Gaming Corporation to install approximately 200 additional MegaJackpots machines at Boyd Gaming casinos across the country.

The new, wide-area-progressive machines will be in addition to the more than 800 MegaJackpots games already in operation at Boyd Gaming’s 15 properties nationwide.

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"We are excited to have the opportunity to continue to provide our vast array of great games to the Boyd Gaming locations," said Tom Mikulich, IGT’s vice president of MegaJackpots. "IGT continues to develop and operate some of the most entertaining products available that offer players some of the world’s largest slot jackpots and great themes like Wheel of Fortune. Plus, we have a long list of exciting new products being released all the time."

The installation of the additional MegaJackpots machines at Boyd Gaming properties is already underway and is scheduled for completion by the end of August.

The Boyd announcement follows on the heels of IGT’s announcement last week that it is adding about 300 of its Wheel of Fortune slot machines into MGM Mirage casinos.

IGT said it was adding those machines to casino floors immediately, with work expected to be done by the end of August.

The MegaJackpots branded machines include linked progressive machines such as Megabucks, eBay, Star Wars, The Price Is Right and multi-level progressives such as Fort Knox and Indiana Jones.

While linked progressives are popular for their escalating top awards, they are also traditionally among the lowest returning slot machines in the casino, based on the house edge.

For instance, in Nevada, the Megabucks slot machines statewide have held more than 11 percent of all the money played into them over the past year, according to the Nevada Gaming Control Board.

All slot machines in the state collectively held about 6 percent over the past 12 months.