Brief: Innovative Gaming to report a loss

Friday, Jan. 15, 1999 | 11:29 a.m.

Losses for the fiscal year ending Dec. 31 will be $5.3 million to $5.4 million, or 71 cents to 72 cents per share. Actual results will be reported in mid-March.

The company blamed the loss on a tough market for multi-player gaming machines.

Edward Stevenson, chairman and chief executive, said Innovative Gaming will "pursue alternative forms of financing in order to fund new game roll-outs and improve the company's cash position."

The company recently received regulatory approval from Nevada and several other states and provinces for a new high-definition video slot machine.

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