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RENO, Nev., March 3 /PRNewswire-FirstCall/ -- International Game Technology (NYSE: IGT) today announced that on March 2, 2009 its Board of Directors declared a quarterly cash dividend of six cents ($0.06) per share, payable on April 7, 2009 to shareholders of record on March 24, 2009. The quarterly dividend was reduced from fourteen and one-half cents ($0.145) per share, which will preserve approximately $100 million in cash on an annualized basis.

"In the current environment, we believe a revised dividend is the most prudent decision and in the best interest of IGT and our stakeholders," said TJ Matthews, IGT's Chairman and CEO.

"An unprecedented credit market environment and recessionary economic conditions have suppressed industry revenue expectations for the near term," said Matthews. "Although the Company continues to generate strong cash flow, a reduction to the dividend will allow the Company to continue to return value to our shareholders at a competitive market rate and supports our efforts to fortify our balance sheet to ensure IGT is well-positioned to invest in growth opportunities over the long term."

International Game Technology (www.IGT.com) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.