Percentage Payout Slot Machines Las Vegas


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Percentage Payout Slot Machines Las Vegas

Percentage Payout Slot Machines Las Vegas

On track to achieve revenues of some US$2.5 billion for fiscal 2006, IGT is highly profitable with gross margins swelling to 54%.

The company collects a stream of recurring income from about 60,000 machines installed throughout casinos in key gaming markets around the globe. IGT has international operations in Russia, Europe, Australia, New Zealand, Latin America, South Africa, Japan and Macau (a small territory on China's south coast that serves gamblers from mainland China, Hong Kong and Taiwan).

Slot machines are generally more profitable than traditional table games such as blackjack and roulette. This is due in part because slots require no dealer and therefore have lower labour costs. Increasingly casino floor space is filled with row after row of machines, with casino managers eager to try out the latest models knowing that a successful slot machine can pay for itself within weeks. An average slot at a busy Las Vegas casino can generate about US$300 daily.