Casino Analyst: Slot Makers Discounting Prices

Casino Analyst: Slot Makers Discounting Prices

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LAS VEGAS  -- A casino industry analyst says slot machine manufacturers are discounting prices and pinning hopes on new kinds of revenue while casinos hold back on spending to update their floors.

Robin Farley of financial firm UBS told investors Thursday that casino revenues have gotten more stable but casinos haven't boosted spending on the popular gambling devices.

Farley says a possible big order for WMS Industries Inc. machines could influence purchases by other casinos. Slot machine makers say their market has changed because casino expansion is limited.

WMS President Orrin Edidin says replacements are the focus today. Farley says most manufacturers have plans in place for how they will react if online gambling is fully legalized in the United States.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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