IGT boosts dividend,wins patent lawsuit
International Game Technology of Reno said it will pay a quarterly dividend of 12 cents a share Oct.
26 to shareholders of record Oct.
The payout is up from the 10 cents in the previous quarter.
Separately, IGT and Action Gaming won a $7.36 million verdict in a patent infringement lawsuit the companies brought against Alliance Gaming and United Coin Machine.
Alliance and United Coin Machine were found to have infringed two patents through their Multi-Play Poker games.
“If you’re going to produce roughly 80,000 ounces (of gold) a year at $800 an ounce … and gold is at $1,900 or $2,000 per ounce, that’s going to create a tremendous amount of cash flow.”