IGT reviews

IGT's BOD - were hijacked by Patti Hart and the decline began. Everything has changed. She systematically removed the old guard, and replaced them with her Silicon Valley high tech cronies. She has torn out the heart of IGT and now is selling the remaining organs to the highest bidder. IGT has now been sold to GTech with a tidy little profit to Patti and friends. I have heard that GTech is a Italian family run company - hopefully they can rescusitate the company and infuse it with some heart.

The senior management is a joke, with most of them coming from non-gaming industries. Some key mistakes they have made: 1) moving the executive HQ to Las Vegas, while the operations center remains in Reno; 2) focusing operations to try and recover lost market share in over-saturated product markets like megajackpots and core gaming, whereas they should have focused operations on product markets with greater growth opportunity and less competition like video poker and international markets 3) supporting a conservative culture, where risk taking and change are frowned upon - surprisingly, this impacts executives more than employees, for example when new VP's are hired the expectation is that they should start changing things for the better (which is risky), but the culture frowns on this so many new executive hires are simply over-paid wallflowers that don't act out their changes.