Pennsylvania's No-Slots Budget Hits Gaming Stocks

23 December 2003

PENNSYLVANIA – As reported by Reuters: "Shares of slot machine maker International Game Technology (NYSE:IGT) and casino operator Penn National Gaming Inc.(NasdaqNM:PENN) fell sharply on Monday as Pennsylvania neared a budget deal without legalizing gambling.

"Shares of Penn National, seen as a winner if the state turns to legalized gambling to shore up its budget, tumbled 8.4 percent or $2.13 to $23.07.

"IGT, the largest North American slot maker, which would be expected to get big orders for its one-arm bandits if Pennsylvania let racetracks install its products, dropped $1.24 or 3.4 percent to $35.35…"

Related Links

Pennsylvania Online Gambling

IGT - International Game Technology

International Game Technology

Featured Vendors


TribalHub 27th Annual TribalNet Conference Sept 20-24, 2026 at Hilton Anatole Dallas in Dallas, TX	Patriot Gaming & Electronics, Inc. Patriot Gaming…Parts is what we do. Visit us: www.patriotgaming.com

Regulatory Management Counselors, PC Over 45 years of experience serving the legal and regulatory needs of casino industry clients	Slot Machines Unlimited Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience

Rymax Marketing Services, Inc. Leader in creating award winning player & employee loyalty programs & events proven to increase ROI	TBE Architects Creating extraordinary casino, hotel, and resort destinations from master plan through final design

Oklahoma Indian Gaming Association (OIGA) Conference The biggest little show in Indian gaming! Save the date: July 20-22, 2026 Oklahoma City	K2J Marketing Partners We’re not just a gifting provider—we’re an extension of your marketing team driving proven results.

Casino Network 20+ years experience selling refurbished slot machines, parts & glass for all major brands	Sunkist Graphics, Inc. Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more

Casino City Press A leading publisher and distributor of casino and gaming business data & market research reports.