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Stock Market & Financial Investment News

News Breaks
April 16, 2014
08:40 EDTBYI, MGAM, IGTSlot project delays to present problems in 2015, says Janney Capital
Janney Capital says a number of new casino projects and markets have encountered delays, which is an issue for 2015 and beyond, though the firm noted that its updated estimates for slot providers it covers have not changed dramatically. Janney continues to have a Buy rating on Multimedia Games (MGAM) and Neutral ratings on both Bally Technologies (BYI) and International Game (IGT).
News For MGAM;BYI;IGT From The Last 14 Days
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April 15, 2015
17:07 EDTIGTInternational Game subsidiary awarded $75M-$80M Minnesota Lottery contract
International Game subsidiary GTECH Corporation has entered into a contract with the Minnesota State Lottery to provide new lottery technology, an IP-communications network, multimedia displays, self-service products, and ongoing support services, following a competitive procurement. The 7.5 year integrated services contract with the Lottery contains three renewal options of one year each, or up to one renewal of three years, or any variation thereof. The company expects to receive approximately $75M-$80M in revenues over the base 7.5 year contract period, which runs through August 9, 2023.

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