IGT urged to shift focus to Asia

Investor's Business Daily

Jason Ader's investment firm, which controls about 3% of slot machine maker Int'l Game Technology (IGT), in a letter Tue. said the company had lost its focus and should consider alternatives for the social gaming unit it bought for $500 mil a year ago, focusing instead on Asia. China's Macau casino district is the world's top gambling destination. Ader's group also seeks to place 3 directors on IGT's board, including former CEO Charles Mathewson. IGT said it plans to respond. Shares fell 1.8% to 14.99.

Rates

View Comments (0)