Ruling Imminent in IGT Says One Analyst

24 September 2008

Sagging stocks for International Game Technology, or I.G.T., the Reno-based slot machine and casino systems manufacturer, this week have led one analyst to believe that an unfavorable ruling may be in the company's future.

I.G.T. and Bally Technologies LLC have been in a patent dispute since 2007 relating to a gaming wheel product and I.G.T.'s IView interactive slot machine displays.

Todd Eilers of Roth Capital Partners LLC said his sources are confident that the judge will likely rule against at least some of I.G.T.'s patents based on a summary judgment.

Shares of I.G.T. dropped $1.31, or 7.5 percent, to $16.07 on Tuesday.