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Non-Tech : Bill Wexler's Trading Cabana

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To: cubsfan who wrote (3678)	7/3/2008 3:18:59 PM
From: RockyBalboa	Read Replies (1) of 6370

IGT earnings due July 17. AP IGT shares fall amid broad Las Vegas worries Friday June 27, 10:12 am ET Shares in IGT open down sharply amid broad fears of a slowdown in Las Vegas NEW YORK (AP) -- Shares in casino gaming company International Game Technology opened sharply lower Friday amid broad concerns about the health of the gambling market on the Las Vegas Strip. IGT shares fell 6.9 percent to $25.44 at the open. The stock fell as low as $24.76, its lowest point since May 2003. A Key Banc Capital Markets analyst trimmed his estimates on three casino operators Friday, saying customers are cutting back on gambling in Las Vegas due to high fuel prices and economic concerns. That followed an analyst for JPMorgan downgrading MGM shares to "Neutral" from "Overweight" Thursday and lowering estimates for companies operating casinos on the Las Vegas Strip.

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