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  September 5, 2001
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Home > Company Index > Leisure > Gaming Equipment & Services > Innovative Gaming Corporation of America

Innovative Gaming Corporation of America
Nasdaq (SC): IGCA
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 PROFILE
Innovative Gaming Corporation of America (IGCA) has decided that the gaming business may be its best bet after all. The company, a maker of video slot machines and multi-player video gaming machines (blackjack, craps, roulette), cancelled plans to buy Equitex's nMortgage subsidiary, which includes retail and wholesale mortgage finance company First Bankers Mortgage Services (FBMS). The company had planned to exit the gaming business altogether by selling its assets to Xertain, a gaming facility development firm. After the deal with Equitex fell through, ICGA decided instead to work in partnership with Xertain, and now the two firms have swapped a 9.9% stake in each other, with IGCA planning to buy the rest of Xertain.

 COMPETITION
Alliance Gaming Corporation (ALLY)
International Game Technology (IGT)
WMS Industries Inc. (WMS)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 8.90
1-Yr. Sales Growth: 206.9%
Employees: 57
Revenue per employee: $156,140.35

 KEY PEOPLE
• Roland M. Thomas
    CEO

 CONTACT INFO
333 Orville Wright Ct.
Las Vegas, NV 89119
US
Phone: 702-614-7199
Fax: 702-614-7114
Online: Web Site

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