Slot Machines News

GameAccount Network plc (“GameAccount Network” or the “Company”), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, announces the launch of China Shores online in the United States under its strategic partnership with Konami Gaming, Inc. (“KONAMI”) as announced in January 2014.

Termination of the HSR Act waiting period satisfies one of the conditions required to finalize the acquisition.

Producers of the G2E, scheduled from Sept. 30-Oct. 2 at the Sands Expo and Convention Center, announced the tradeshow and conference’s speaker list Wednesday.

The company said Wednesday its net income for the quarter that ended June 30 was $7.6 million, or earnings of 25 cents per share.

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During the quarter, IGT collected $467.6 million in revenue, a 19 percent decrease from the same quarter of the 2013.

The $6.4 billion acquisition of slot machine manufacturer International Game Technology by lottery provider GTECH shouldn’t have surprised anyone in gaming.

This latest launch adds to Aristocrat’s footprint of free play sites, which is the largest in North America.

After years without consolidation of the manufacturing side of the gaming industry, the deal between Italy-based GTECH and Nevada-based IGT marked the fourth major transaction in the sector since late last year.

For the first time since the recession dried up credit markets and brought mergers and acquisition activity to a standstill, the casino industry is awash with speculation about transactions.

Game launches across major regulated markets increase excitement for bwin.party players

An IGT spokesman declined to comment on the report from Reuters, which said the company hired investment bank Morgan Stanley to field sales offers.

In April, the company reported a 66 percent decline in earnings and a 15 percent decline in net revenue for the second quarter.

Fresh from major wins in the 2014 Goldman Sachs Slot Manager Survey, Aristocrat is bringing the year’s most anticipated games and award-winning system products to Southern Gaming Summit.

The company said its net income in the quarter that ended March 31 fell to $25.7 million, compared with $78.2 million in the same three-month period a year ago.