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Dividend boosted by slot maker

Wednesday, Sept. 17, 2003 | 9:25 a.m.

RENO -- International Game Technology Inc., the world's largest slot-machine maker, Tuesday boosted its quarterly dividend to 10 cents a share from 7.5 cents.

The dividend is payable on Oct. 13 to shareholders of record on Sept. 30, the company said.

The company in July said third-quarter earnings rose 25 percent on increased sales of cashless machines. Sales of these machines, which gamblers bet on with tickets instead of coins, are rising because casinos can cut labor costs and pay jackpots faster.

Shares of Reno-based International Game climbed 61 cents to $27.25 in New York Stock Exchange composite trading Tuesday. They have risen 44 percent this year.

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