A different picture than WMS
- Unlike WMS who has only been providing significant customer financing for a few years, IGT has used its balance sheet for a long time
- IGT began a big ramp in financing as replacements slowed in 2008. Peak financing occurred in late 2009 and then steadily declined. The level of financing has been surprisingly consistent over the past 6 quarters.
- Market share has been relatively stable throughout the last four years despite WMS’s aggressive financing efforts