International Game Technology


International Game Technology

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IGT Goes 'All In' With Texas Hold'em Heads Up Poker(TM) at World Series of Poker

Poker Game's Mathematical Model Simulates the Operation of the Human Brain to Give Players Authentic Experience

LAS VEGAS, Nov. 3, 2011 - The over 150 million Texas Hold'em fans around the world will be hootin' and hollerin' at no longer having to wait in long lines to play the tables or lasso up a willing opponent with the debut of Texas Hold'em Heads Up Poker(TM) from International Game Technology (NYSE: IGT). Premiering at the 2011 World Series of Poker at the Rio in Las Vegas on Nov. 5-6, fans can now enjoy everything they love about Texas Hold'em - the strategy, bluffing and tells - in an interactive poker machine.

IGT's Texas Hold'em Heads Up Poker(TM) is the first poker game to use a neural net, a technology-developed mathematical model that simulates the operation of the human brain.
The advanced technology of Texas Hold'em Heads Up Poker(TM) recreates engaging behavioral nuances such as opponent "bluffing" and "thinking" in a scenario that's less intimidating than a live-table experience - making the slot machine inviting to all levels of Texas Hold'em players.

In addition to the innovative technology, a number of other features will have casino-goers strapping on their cowboy boots to test their skills against this highly individualized game:
Striking graphics and player-customizable options - including fun touchscreen good luck charms - will entertain and delight even the coolest poker players.

The Multi-Hit Stud Bonus game doubles the action and increases the player experience.
After the conclusion of a game, the "peek" feature gives the player the choice to see the opponent's cards - even if a showdown did not take place - giving the player insight as to how the opponent plays.

At this year's World Series of Poker, Texas Hold'em Heads Up Poker(TM)will be on display for players, operators and media to try on Nov. 5-6. IGT brand ambassadors will be handing out free play coupons from 4-6 p.m. on Saturday, Nov. 5, and from 10:30 a.m.-2:30 p.m. on Sunday, Nov. 6.

"Designed to bring all the thrills and high drama of live-action table Texas Hold'em to the slot machine format, players will want to put on their shades and pull down the brim of their hats to hide their tells when they saddle up to Texas Hold'em Heads Up Poker," said Eric Tom, IGT executive vice president, North America Sales and Global Operations. "This is a game that players of every level can test their craftiest bluffing strategies and Texas Hold'em skills against."

About IGT
International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets.

 

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International Game Technology is a Reno, Nevada based maker of slot machines and other gaming products. The company also operates a facility in Las Vegas and has branch offices around the United States. Presently, IGT also has offices in the United Kingdom, Canada, Australia, Japan, and South Africa. For purposes of facilitating operations in Latin America, IGT also maintains a presence in South America.

IGT was founded by William S. Redd in 1975 as A-1 Supply. The name was changed to SIRCOMA in 1979 and finally International Game Technology in 1981.

On December 8, 2002, Terrible Herbst Gaming agreed to buy IGT's Anchor Coin 1,100 machine slot routes.

On October 27, 2003, IGT acquired Acres Gaming, a slot machine and gaming software development company.

On August 25, 2005, IGT acquired WagerWorks, a San Francisco, California based company that provides software for online casinos. Wager Works has exclusive rights to provide online versions of slot machine games like Wheel of Fortune, I Dream of Jeannie and The Price is Right.

On December 21, 2006, IGT completed its acquisition of Venture Catalyst Incorporated, changing its name to Mariposa Software Inc. and selling its gaming consulting division to a group of its previous management. Mariposa Software continues to operate as a wholly owned subsidiary of IGT, enhancing IGT's positioning as a single-source supplier, offering a complete package for all of a casino's gaming & profit operations.

Further expansion in the Class III market has led IGT to New York, Florida, New Jersey, Pennsylvania, Mississippi, Missouri, Oklahoma, and Texas, along with the cruise ship industry. According to New Jersey and Pennsylvania law, IGT cannot enter without a distributor; in accordance to state law, AC Coin bought Class III IGT machines and is now entering them into the New Jersey and Pennsylvania market under the AC-Coin/IGT name. IGT had a similar problem in the Oklahoma market when a new state compact was introduced allowing Class III vendors to enter Native-American Indian Oklahoma casinos (where before, only Class II games were allowed; Class II typically being games based on bingo and other community-style wagering systems); in accordance to this compact, the casino had to offer an electronic back-end system to monitor the hard-meters within the game. IGT also offers the IGT Advantage System, which is very expensive, thus prompting smaller casinos (which are the majority of Oklahoma's 95+ casinos are) to find independent companies to monitor the meters.

On July 8, 2008 IGT completed their acquisition of Cyberview Technology, a company with intellectual property and experience in the field of server-based-gaming. The acquisition of Cyberview Technology also brought a contract to supply gaming machines to the UK's biggest bookmaker, Ladbrokes, which will allow IGT to supply their slot machine games to the UK market. Competitors in the server-based gaming industry include distributors such as Betstone and game manufacturers such as RocketGames and ID Interactive.

Technology

The company created the Slot Accounting System (SAS) protocol, one of IGT's most notable technologies is EZ-Pay, their ticket-in, ticket-out system.

TV and Film themed slots

Jeopardy
Wheel of Fortune
The Dating Game
The Newlywed Game
The Price is Right
Family Feud
The Joker's Wild
Sale of the Century
The Twilight Zone
I Dream of Jeannie
Bewitched
The Addams Family
The Munsters
Elvira
Soul Train
American Bandstand
New Year's Rockin Eve
Censored Bloopers
I Love Lucy
Laverve & Shirley
Gilligan's Island
The Beverly Hillbillies
Star Wars (Multiple themes)
Indiana Jones
Back to the Future
The Terminator
Alien Vs Predator
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WagerWorks

WagerWorks has offices in San Francisco, London and Leamington Spa, Warwickshire. The London location is the game studio and also head UK office. Leamington Spa is the base for Technical and Customer Services. (Credit: Wikipedia).

 

Introduction to Slots and Video Gaming

Modern-day, casino-style gaming has been legal in the US for approximately 70 years. For most of that time, this type of activity was limited only to locations in Nevada. However, changes in the economy over the past 25 years have prompted many jurisdictions around the world to either institute or consider legalized gaming. Gaming today is a high-technology industry with its own history, products, and language. This fact makes the business of gaming unfamiliar territory for many new and potential gaming operators.

IGT compiled the Introduction to Slots and Video Gaming guide to assist the reader in understanding gaming machines and to help build a familiarity with basic operating principles and terminology. It is intended as a general introduction to both the casino and lottery gaming business.

 

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Articles

Party Gaming CEO Discusses Future of Online Poker - 6th January 2009

PartyPoker.com Monthly Million - January 2009

PartyGaming Opts For WagerWorks Proven Game Titles - 22nd October 2008

PartyGaming Sues Former Owner of Empire Online Over 2006 Sale - 5th January 2009

PartyGaming dealt blow as managing director quits - 20th January 2009

PartyPoker To Give Away Asian Poker - December 2008


News

Media Man Australia Inks Deal With PartyPoker.com - 11th December 2008

Adding to its already strong line up of poker brands such as PKR.com, Virgin Poker and Pacific Poker, Media Man Australia has come to terms with PartyGaming's PartyPoker.com.

PartyGaming and PartyPoker.com were not featured at Australia's CAP Down Under, of which Media Man Australia chaired day one; however PartyPartners.com & Affclub.com will be the platinum sponsor of CAP Euro, London 2008.

Media Man Australia and Casino News Media director, Greg Tingle said, "We are absolutely delighted to be now doing business with yet another of the world's leading gaming brands. PartyGaming and PartyPoker.com are right at the top of the online gaming and casino world and we are excited to be doing business with them, already reaping the benefits of the association".

 

PartyGaming Announced As CAP Euro Platinum Sponsor
11th December 2008

CasinoAffiliatePrograms.com (CAP), a leading Internet marketing resource and community website for online casino affiliate marketers has announced that PartyGaming Group will be the exclusive Platinum Sponsor for CAP Euro London 2009.

PartyGaming will be represented by PartyPartners.com and AffClub.com, its affiliate marketing programmes uniting some of the biggest names in online gaming including PartyPoker.com, PartyCasino.com, PartyBingo.com, PartyGammon.com, PartyBets.com and EmpirePoker.com.

Scheduled for January 29 to February 1 at the Novotel London, CAP Euro London is the group’s largest conference of the year and has emerged as the iGaming affiliate marketing world’s signature event.

“We’re very pleased to announce PartyPartners.com as the Platinum Sponsor to yet another CAP Euro event,” said Lou Fabiano, President for CAP.

“As one of the true leaders of this industry, PartyPartners.com’s presence is an ideal contribution to the overall spirit of excellence in gaming that CAP Euro events have come to represent.”

In addition business networking, online marketing discussions, advice panels and after-hours socialising, CAP Euro London will also include the second annual CAP Awards celebrating the most successful and innovative members of the global Internet gaming community.

“PartyPartners.com and AffClub.com are delighted to again be the Platinum Sponsors at this year’s CAP Euro London Conference,” said Jon Salmon, Chief Marketing Director for PartyPartners.com.

“Affiliates play a key role in helping to make our business a success, which is why we see CAP as a ‘must attend’ event where we can meet with existing and prospective affiliates.

“Understanding affiliates’ needs is of paramount importance to us and, at the same time, we can talk to them about marketing the best online gaming brands on the market. Our aim is to set the world’s hearts racing through great online entertainment.”

Profile

PartyGaming, one of the world's leading online gaming companies since 1997.

We currently operate brands in four major gaming areas: poker, casino, bingo and backgammon.

PartyPoker.com (www.PartyPoker.com) is the world's largest online poker brand in terms of number of players and revenues. You'll find a great variety of poker games and tournaments, plus blackjack.

PartyCasino.com (www.PartyCasino.com) offers a wide selection of casino games, including video poker, slots and roulette in an online setting so you can play whenever you like.

PartyBingo.com (www.PartyBingo.com) is home to a vibrant community where you can enjoy fun bingo games and exciting prizes.

We've also just launched PartyGammon.com (www.PartyGammon.com).

Backgammon, the world's oldest game, has moved into the 21st century and on our website you will find a great variety of Backgammon games and tournaments where you can test your skills!

The focus at PartyGaming is on fun, ease of use, reliability and security. Our software and systems are at the forefront of technological innovation, which allows us to deliver cutting-edge game features and functionality.

 

Press Release

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Press Release

24th October 2008

Broadening Greatest Slot Games with Cryptologic And ITG - New Marvel Slots, Cleopatra And Monopoly At Party Casino

Yesterday PartyGaming announced a five-year agreement to license a number of branded slot machine games including The Fantastic Four, Hulk, Bejeweled, Cubis™, Street Fighter, and Spider-Man. This agreement is with WagerLogic, a wholly owned subsidiary of Cryptologic, the leading online gaming software developer to the global Internet gambling market. Cryptologic voted "Best Casino Software" for several years in a row by the readers of Gambling Online Magazine.

These games are expected to be added to Party Casino, Party Bingo and a number of PartyGaming's other gaming sites over the coming months.

"Cryptologic is known for the quality of its software and addition of its premium content to our platform will ensure that our customer offer remains second to none," said spokesman at PartyGaming.

We are convinced that the expansion in the range of the casino games with greater entertainment will help attracting new online players to the Party Casino.

More Games from ITG
Further to the addition of Cryptologic games posted yesterday, PartyGaming announced today their five-year agreement to license a number of branded slots games from WagerWorks Inc., a wholly-owned subsidiary of International Game Technology Inc ("IGT"), the world's largest manufacturer of gaming machines. The games that will be added as per the agreement are Cleopatra®, Monopoly with Pass "Go" Bonus, Cluedo and Wheel of Fortune® Hollywood Edition.

Online versions of each of these games will be added to Party Casino, Party Bingo and a number of other gaming websites over the coming months. Broadening ever-increasing product base will help PartyGaming brands to offer one of the best selection of slot machine games for players.

Action Packed PartyCasino Captures The Terminator and Rambo
In July PartyGaming announced that Party Casino has agreed an exclusive four-year licensing arrangement to create online slot machine games based on the international blockbuster movies The Terminator and Rambo. After the recent successful launch of Mission:Impossible and Saturday Night Fever slots, the addition of these two most popular action movies of all time will further enhance the appeal of Party Casino, the world's largest online casino. The first of these two new slots is expected to be launched soon.

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PartyGaming Results Decline Slightly
25th November 2008

Gibraltar-based online gaming provider PartyGaming has released its results for the third quarter of the year showing strong growth in its casino, bingo and sportsbetting businesses but a decline in revenues from poker.

PartyGaming revealed that poker revenues for the third quarter were down to $65 million from the $76.3 million it earned during the same period last year. The firm stated that this was due to lower player frequency and yield and also reported that nine-month revenues from poker decreased one percent to $218.9 million.

However, revenues from its casino business grew 25 percent to $45.9 million for the third quarter from the $36.7 million it reported for the same period last year due to higher player numbers and yields. Nine-month revenues from its casino business fared even better by increasing 33 percent to $135.8 million.

In addition, its sportsbetting division reported that revenues grew by 19 percent for the quarter to $5.1 million from the $4.3 million it reported for the same period last year due to continued growth in live betting. It declared nine-month revenues from sportsbetting of $14.1 million, which was 29 percent up on the $10.9 million it acknowledged for last year.

Completing the good news, bingo revenues were up by 143 percent to $1.7 million for the short-term from the $700,000 announced for 2007’s third quarter due to a growth in the firm’s UK business. Just as spectacular, nine-month revenues from bingo increased 106 percent to $3.7 million from 2007’s $1.8 million.

Overall, PartyGaming reported total revenues of $117.7 million for the quarter, which was $300,000 less than last year’s third quarter, alongside an eleven percent rise in nine-month results to $372.5 million.

“We are making solid progress on executing our strategic plan, albeit against a challenging economic backdrop and strengthening US Dollar,” said Jim Ryan, Chief Executive Officer for PartyGaming.

 

Articles

Party Gaming CEO Discusses Future of Online Poker, by Earl Burton - Poker News Daily - 6th January 2009


The recent news in December of Party Gaming co-founder Anurag Dikshit’s plea bargain with the U.S. Department of Justice thrust the company back into the spotlight. Now, in a December 28th interview with Financial Times, new Chief Executive Officer Jim Ryan has announced his plans for returning the company to the lofty perch it once held.

The article, written by Roger Blitz, points out that it has been a very difficult couple of years for the one-time monolith in the online poker world. After its initial public offering (IPO) on the London Stock Exchange in 2005, Party Gaming was valued at almost £5 billion. Since the departure of U.S. players due to the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006 and the subsequent decision by then-CEO Mitch Garber to withdraw from the market, Party Gaming’s value has fallen to under £1 billion. However, as Blitz states, there could be “a light at the end of what has been a long, dark tunnel” for Party Gaming.

The light that Blitz refers to is the mid-December decision by Dikshit to succumb to Department of Justice pressures and plead guilty to violations of the Wire Act of 1961. In submitting his guilty plea, Dikshit paid a $300 million fine and could face a two year jail term, although sentencing will not occur until 2010. He continues to assist the United States Government in its investigations into online gaming.

In the article, Ryan - who took over for Gerber in June of 2008 - states that Party Gaming is currently in discussions with the U.S. Department of Justice regarding the company’s liabilities, but wouldn’t go into great detail. The article did discuss that the shares of Party Gaming on the London Exchange have grown to 200 pence each and that a deal with the U.S. government is looming sometime this month.

When asked about the future of the company, Ryan was upbeat about Party Gaming’s abilities in not only online poker, but also in a realm of online gaming options. “This is a marathon, not a sprint,” Ryan is quoted as saying in the Financial Times article by Blitz. “We have been chasing quarterly profits, but the market has become so competitive, you’ve got to know where you’re going. We’re not so much slowing down, but keeping ourselves focused.”

The three year plan that Ryan has set for Party Gaming is something that he believes that other online gaming companies want to do, but his company already does. The Financial Times quotes Ryan as saying that the company, since its exodus from the U.S. market, has built a complete gaming operation that is focused on all aspects of the online world, including poker, casino, sports betting, bingo, and backgammon. “[We offer] different products with one back office platform,” he explains in Blitz’s article. “One deposit, one account – it’s a one stop shop. That is still the main strategic objective for a number of our competitors and we have it already.”

Ryan also states that he sees a day when the online gaming world will be vastly different than what is out there today. While poker remains the focus of Party Gaming, Ryan sees over the next three years that there will only be five online poker operators of any consequence. Party Gaming at this time ranks fourth in that equation - something that “hurts,” according to Ryan - but his quote in the Financial Times piece looms large: “We need to retake the hill and position ourselves to be that leader again.” (Credit: Poker News Daily)

 

 

Party Gaming Full-Year Results Released

Poker disappoints in latest financial numbers

March 11, 2009 (InfoPowa News) -- Party Gaming plc may have started out as a primarily online poker destination, but the performance of this sector of its wider group activities was disappointing last year, judged by the 2008 full-year financials released this week. Poker net revenues declined by $21 million to $274 million (2007: $295 million).

Elsewhere the outlook was rosier, with online casino net revenues up $31,8 million to $176 million; the more recent sportsbetting venture up $1.9 million to $18 million and Bingo up $2.4 million to $4.9 million.

Total net revenues reached $472.9 million, down $3.1 million on the corresponding period in 2007 after a "non-recurring net revenue adjustment" of $18.2 million.

Other highlights included:

* Continuing Clean EBITDA up 29 percent to $144.2 million (2007: $111.7 million); total Clean EBITDA up 53 percent to $133.3 million (2007: $87.0 million)

* The addition of DM plc and CIRSA to the Party Gaming portfolio of business-to-business (‘B2B’) customers

* Cash flow from operations before working capital movements up 23 percent to $132.5 million (2007: $107.6 million) with group cash after client liabilities and progressive prize pools of $70.3 milion.

Commenting on the results, Jim Ryan, PartyGaming Chief Executive Officer, said:

"We are pleased to announce another strong set of results with Clean EBITDA from Continuing operations up 29 percent to $144.2 million. Our business model is both flexible and robust with a capacity to generate strong cashflow. Our brands and market position are strong and we have a healthy balance sheet with which to execute our business strategy. I believe that we are in an excellent position, not just to withstand the macroeconomic challenges that may lie ahead, but also to execute our strategy, create value for all of our stakeholders and achieve our long-term objective of becoming the world’s most valuable online gaming company.”

Regarding current trading he added:

“In the 5 weeks ended 4 February 2009, average gross daily revenue was $1,442,900. In poker, new player sign-ups increased to an average of 1,494 per day, and there were on average 51,000 active players per day generating average gross daily poker revenue of $756,700. In casino, gross revenue was $597,200 per day. In sports betting gross win per day was $75,700 and in bingo, average gross daily revenue was $13,200.

In the four weeks ended 4 March 2009, average gross daily revenue was $1,536,200. In poker, new player sign-ups averaged 1,550 per day and there were on average 51,100 active players per day, generating average gross daily revenue of $738,500. In casino, average gross daily revenue was $662,500; in sports betting, average gross win per day was $123,000; while in bingo it was $12,200.

“The Group has continued to make good progress in the first few weeks of 2009 despite the pressures of a highly competitive market and substantial year-on-year currency movements.”

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