Slots Manufacturers Anticipate Future Increase in Sales
According to a recent report by Goldman Sachs, a prominent Wall Street investment company, in 2005, sales for slot machines in North America have dropped significantly in comparison to sales in the previous year. Slots retail company officials were reported as saying that several reasons triggered the decrease of slots sales.
First, there were no new states in which slots gambling became legalized. The fact that casino operators are generally reluctant to invest money to purchase new slots, and the rising popularity of poker and other table games also contributed to this drop. A spokesperson for International Game Technology, a slots industry giant, was reported as saying that new technology has allowed casino managers to install fewer slot machines on the premises of their gaming venues.
However, slots manufacturers have recently experienced a slight growth in revenues, as many casinos replace traditional coin-operated machines with innovative cashless slots. Also, gaming equipment companies announced that although less intensive sales have been a lasting trend since 2004, they expect new market opportunities to surge by late 2006.
