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December 7, 2009

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Brief: Loss widens for gaming supplier

Thursday, Oct. 22, 1998 | 11:50 a.m.

In the quarter ending Sept. 30, the Palo Alto, Calif., gambling machine maker reported a loss of $14.7 million, or $1.06 per share; compared to a loss of $6.3 million, or 58 cents per share, in the year-ago quarter.

But revenues increased from $2.8 million last year to $5 million.

Silicon Gaming attributed the higher loss to $7.8 million in special charges related to licensing arrangements, revised inventory standards, reserves for doubtful accounts, and costs in connection with the August resignation of the company's chief executive officer.

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