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Slot Manufacturer Profile: IGT (Part 6)

But IGT has consistently stayed atop the pack because of a top-shelf business strategy, too. The company has made a habit of buying up companies that were once its competitors, and snowballing the best of these rivals’ business into one consolidated mass. One of the company’s first significant acquisitions was Anchor Gaming, with which it had worked in partnership during the 1990s on new game development. IGT gained a huge technical edge in 2003 when it snapped up Silicon Gaming. Silicon Gaming once represented a substantial threat to IGT’s technological prowess, with Pentium processors and CD-ROM technology emerging in their products. That same year, the company bought out Acre Gaming. Two years later, WagerWorks became a subsidiary of IGT, as well.

IGT’s success has given it the ability to weather some storms that smaller and less-powerful companies have fallen under. Even with the poor state of the American economy of late, IGT is keeping its head above water as many of its competitors are having to hustle to bail themselves out of danger. Financial experts are banking on IGT being one of the few slot machine companies that is almost guaranteed to come through the current struggles in the United States (the double-headed hydra of the UIGEA and a growing recession) intact and relatively unscathed.

The history of IGT is one that’s still being written. In coming years, we will see this huge land-based and online slot machine manufacturing company continue to grow and thrive as it consistently outpaces its competition and heads up new advances in the gambling industry. That’s something you can bet on!

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