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IGT Sees 17% Growth in Revenue

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    IGT CEO Patti Hart on the gaming company’s growth and new themed games.

  • Duration 4:00
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Is betting very big on a new group of themed games expected to come up 2013.

Spring and Patti -- to the CEO of International Game Technology joining us from warehouse Las Vegas -- good to see you thank you for being here.

Thanks so much for having -- who has 17%.

Growth in revenue were your latest numbers of people are gambling that much more -- to what to attribute this job.

-- I -- we had we posted a very very strong fourth quarter yesterday.

With 17%.

Growth as you indicated in revenue.

Our top line but.

Also for the year -- 10% growth so it's not a one quarter anomaly for -- that I GTE.

And think it's really about any gaming industry is about good product were a product company and IGT and sell our products.

Really are the differentiation between success and failure and so we really have a good strong lineup.

Have products and it showing an -- line.

Well look let's talk about some of those products and and I find that it's so funny we were talking about some of your newest games that will come out in 2013 week.

Have before that the commercial break a little guest for people which judge was going to be the star was a judge -- on Judge Joe Brown Judge Judy.

You get to break the news here who will be the star one of these games and why -- just pitch.

-- a Judge Judy is our winner and and you know it really is based on the demographic she has an amazing following and it fits nicely with the demographic.

Of our audience as well my hands -- -- she's really had a really good early returns -- showed her message hello want to know that's not how would that manifest itself in a slot machine.

She -- what you.

Yeah we actually use -- -- clips from her -- so it's really very as saying very engaging -- a lot of fun and and we've got Dolly Parton -- we we quizzed people on that one Dolly -- will be behind one of these games CSI it is something new trend of really adding an element of Echelon of entertainment to a simple polling of the machine handle.

Yeah I mean Hollywood has definitely collided with the gaming and history.

As you know as well -- -- -- -- knows.

And people look for brands that they're familiar with -- that they recognize.

And putting those brands and it kind of gaming experience makes -- more compelling and interesting for the players so.

UCCS side were out launching our third sex in the city gain.

Has been a very successful brand for us.

So as long as they cross the demographics for brands.

Definitely growing in the gaming industry -- -- I'm all about Dolly I love Dolly -- Bob let's talk about online gaming in June you were awarded an online gaming license in the state of Nevada.

Online gaming is still illegal in 48 states except for Delaware and Nevada.

You two to participate right you have to prove residency at one of those two states how will this add to your bottom line.

Bella online gaming I real money wagering basis is a very limited market Mac still in the United States and it is a poker -- market.

And are Rio core competency as a company is and -- show show.

Media area which -- social casino resorts really about re purpose saying our slot contents into -- -- -- on the environment.

And adding that only to our bottom line but our top line and resurfacing -- that -- We've invested in over the years and so our real position today in the online gaming space is in the social casino space.

Leveraging our assets and our game library very successful for us -- you see.

Double -- out the world's largest social casino owned by IGT contributed nicely to the earnings yesterday that was a good acquisition a lot of analysts feel that way patty good to see thank you very much.

Thanks so much whereas I wanna see the Judge Judy -- -- -- -- here can imagine the clips that they picked Patti Hart is the IGT CEO stock is down about 23% your career but.

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