In October, it acquired 9, 192,400 common shares owned by its formes chairman Fulton for about $33.30 a share, comprised of $240 million in cash and $66 million of notes. Total revnues in the three months ended Semptember 30, 2000 grew 9.3%, on increasedequity earnings in the Anchor-IGT joint venture and two new state lottery contracts. Anchor Gaming shares have increased 4%, compared to a 13% fall in the S&P 500. Average trading volume for the past five days was 340,460 shares, compared with the40-day moving average of 275,685 shares. In June 1999, operations were expandedsignificantly by the acquisition of Powerhouse Technologies, for about $220 million, plusnet debt of $68 million. In the future, it plans to focus on continued development ofstand-alone games, progressive systems, add-on Coin-Free products, and new versions ofexisting successful games. The S&P Gaming, Lottery & Parimutuel Companies Indexgained 6.2%, versus a 5.8% decline for the S&P 1500 index. In 2000, the industry indexgained 26.5% versus an 8% decline for the S&P 1500. According to S&P’S stock report,Anchor Gaming expects a slowdown in the amount of new capacity debuting, both thereand in some other major markets. This could lead to oportunities for profit growth andthere is likely to be further industry consolidation. ...
