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Slots slumping.

Publication: Las Vegas Review-Journal (Las Vegas, NV)

Publication Date: 31-MAR-06
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COPYRIGHT 2006 Las Vegas Review-Journal

Byline: Howard Stutz

Mar. 31--Slot machines based on "Wheel of Fortune" and "Men in Black" are apparently going to be around for awhile.

A recent survey of slot floor managers by a Wall Street investment house shows casinos are reluctant to replace and update gaming machines that aren't more than a few years old.

Still, enhanced gambling technology could turn around equipment manufacturers' slumping sales revenue -- but that isn't going to happen this year.

Slot companies are developing downloadable gaming technology where slot supervisors would be able change the game content on a bank of machines with a few clicks of a computer mouse. The concept has piqued the interests of those who make decisions on whether to buy new games.

Still, most manufacturing representatives and casino executives don't expect to see the downloadable products on casino floors until 2007 or 2008.

That respective opinion led analyst Steven Kent of Goldman Sachs to offer a cautious view of the gaming equipment manufacturing sector to customers of the New York-based financial firm, which sponsored the sixth...

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