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Monkey Slots - Competition Heats Up in West Virginia

The eminent arrival of slot machines in the state of Pennsylvania is bringing more that anticipation of the areas race track tracks. More specifically racetracks in the state of West Virginia are preparing for the glaring competition that will undoubtedly bring noticeable losses in the revenue department.

One of the West Virginian Racetracks is the Wheeling Island Racetrack that is in direct competition with one of the first Pennsylvanian racetracks that is slated to receive the state’s slot machines, The Meadows. The Wheeling is anticipating having to begin letting go a percentage of their employees as soon as sixty days before The Meadows will every get their first slot machine.

The reason being that the slot machine deprived racetrack is believe to loss roughly forty percent of its business to the new installment of the slot machines. In response to the growing competition The Wheeling was banking on the approval of a special needs revision of the states’ gambling stance for their venue and allow table games at the racetrack, but is a far of hope.

The West Virginian racetrack is in the middle of a hiring freeze that will not likely thaw to the disappointment of the companies employees and management, "Today we're about 950 employees. Last year, at this time, we were about 1100, so you can see the attrition. We've lost a lot of folks we're not replacing,"

Even with reports of tax evasion in the courts, IGT doesn’t seem to be slowing down that much. The slot machine manufacturer is enjoying a surprisingly strong year even when they were not expected to do much this fiscal period. Yet the casinos are now turning to IGT in order to give them the latest in slot machine technology with sleek coinless machines. The demand to replace the old coin-fed slot machines of yesteryear is certainly one of the reasons that IGT is not slumping as suspected.

The company was not able to escape complete financial blahs however, with the first period showing a slight 1.4% dip in revenue, but let face it that is miniscule and much more attractive then some analysts had predicted. The secret was not is slightly below average domestic sales amount but in the actual acceleration of price per item that saved IGT from fiscal mediocrity.
Another strong element for the slot machine company is its growth within the international division. But, no matter what, IGT is still the strong hold on the American slot machine market, boasting a whopping 70% of all sales. Mostly, this company can rest assure in succeeding in creating adequate demand by updating technology on a continual basis, there by inciting casinos to consistently revue their inventory with IGT’s latest, most advanced, and exciting games..