96°F
weather icon Clear
Las Vegas, NV
Casinos & Gaming

IGT to supply Canadian province with video lottery terminals

By Howard Stutz LAS VEGAS REVIEW-JOURNAL
January 30, 2013 - 10:19 am
 

Slot machine maker International Game Technology said Wednesday it signed an agreement with Saskatchewan to supply the Canadian province with 1,375 video lottery terminals.

Financial details weren't disclosed.

The Western Canada Lottery Corp., which operates the video lottery program on behalf of the Saskatchewan Liquor and Gaming Authority, will begin installing the slot machinelike IGT terminals throughout the province this winter.

Last year, Bally Technologies announced it had an agreement to replace 650 VLTs in Saskatchewan.

Deutsche Bank gaming analyst Carlo Santarelli told investors another Canadian province, Manitoba, is expected to announce contracts replacing upward of 6,000 VLTs.

Santarelli said IGT could garner
35 percent to 40 percent of that market, which could be worth 4 cents to 5 cents in earnings per share.

Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.

THE LATEST
 
Will Strip resort closures change the hotel market?
By McKenna Ross / RJ

Simple laws of supply and demand might make observers think that losing two resorts within three months would have a significant effect on the Strip market.

 
Why South Point owner bought land near resort for $5.5M
By Sean Hemmersmeier / RJ

South Point owner Michael Gaughan recently purchased 4.3 acres of undeveloped land near the Las Vegas resort, and he plans to get it developed quickly.

 
MGM topples food donation goal, surpassing 5M meals
By Alan Halaly / RJ

MGM Resorts International,has passed its goal of providing 5 million meals to the Las Vegas community and to other cities it operates resorts in well before 2025.