Reuters: Market News: IGT shares could rise as states allow more casinos,Asia-Barron's

Reuters: Market News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

IGT shares could rise as states allow more casinos,Asia-Barron's Mar 25th 2012, 18:53 Tweet Share this Email Print Related Topics Stocks » Markets » Cyclical Consumer Goods » Industrials » Sun Mar 25, 2012 2:53pm EDT NEW YORK, March 25 (Reuters) - Shareholders in the world's leading slot-machine maker, International Game Technology, may begin to see a payoff as more states legalize gambling and demand in Asia grows, financial newsweekly Barron's reported in its March 26 edition. IAG already has 50 percent of the installed base of nearly one million slot machines in North America, and management said it expects to get a 45 to 50 percent share of new orders in 2012, Barron's said. The slot-maker also has a cash flow advantage, with analysts estimating it will have nearly 10 times the free cash produced by its main competitors Bally and WMS Industries combined. The Nevada-based company is currently trading at about $16.30 a share, and analysts at Morgan Stanley and Sterne Agee said the stock could rise to more than $20 based on increasing unit sales, growing market share in Asia and share buybacks, Barron's reported. Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions