International Game Technology Files Preliminary Proxy Materials

       International Game Technology Files Preliminary Proxy Materials

Materials Include Board Recommendation to Vote FOR IGT's Experienced Director
Nominees

PR Newswire

LAS VEGAS, Jan. 7, 2013

LAS VEGAS, Jan. 7, 2013 /PRNewswire/ --International Game Technology (NYSE:
IGT) ("IGT" or "the Company"), a global leader in casino gaming entertainment
and systems technology, today announced that it has filed preliminary proxy
materials with the U.S. Securities and Exchange Commission ("SEC") in
connection with the Company's 2013 Annual Meeting of Shareholders.

IGT's Board of Directors recommends shareholders vote FOR the Board's eight
highly qualified and experienced directors, seven of whom are independent, on
the WHITE proxy card—Paget L. Alves, Janice Chaffin, Greg Creed, Patti S.
Hart, Robert J. Miller, David E. Roberson, Vincent L. Sadusky and Philip G.
Satre.

IGT's Board is comprised of highly experienced professionals with expertise
across a wide range of disciplines and industries critical to IGT's business,
including gaming, hospitality, technology and finance. In addition, IGT
directors have extensive operations and management experience at the highest
levels of both public and private companies. IGT's Nominating and Corporate
Governance Committee regularly reviews the representation of relevant skills
and experience on the Board and considers new, qualified candidates to ensure
the Company is poised for future growth. As a result, the Company has
substantially reconstituted its eight-member Board, adding six new independent
directors over the last five years.

IGT's Board has overseen management's successful implementation and execution
of the Company's turnaround strategy, which has strengthened the Company's
core gaming equipment business, generated strong financial results and
positioned the Company for continued growth and value creation. In fiscal
2012, IGT expanded its global leadership by successfully pursuing
international growth opportunities and acquiring the world's largest social
casino. Over the same period, the Company increased revenues, gross margins,
ship share and prices in its core North American business. Importantly, the
Company has delivered three straight years of double-digit growth in adjusted
earnings per share from continuing operations, and returned $860 million in
capital to IGT shareholders. Adjusted earnings per share from continuing
operations is a non-GAAP measure; reconciliation of non-GAAP to GAAP measures
is included at the end of this release.

IGT's Board and management team are committed to acting in the best interests
of the Company and all IGT shareholders, and therefore the IGT Board
recommends that you vote FOR all of IGT's nominees on the WHITE proxy card at
the Company's 2013 Annual Meeting.

IGT notes that it has received a Notice of Intent to Nominate four director
candidates for election to the IGT Board at the Company's 2013 Annual Meeting
of Shareholders. The Notice of Intent to Nominate was submitted by Ader
Investment Management LP in conjunction with and on behalf of Charles N.
Mathewson, the former Chairman and CEO of IGT, and Richard H. Pickup, a
longtime associate of Mr. Mathewson (the "Ader Group"). The Ader Group has
indicated that, collectively, it has beneficial ownership of 8,053,890 shares
of IGT common stock, or approximately 3 percent of total IGT shares
outstanding. The Ader Group has informed the Company that it intends to
nominate Jason N. Ader, Raymond J. Brooks, Charles N. Mathewson and Daniel B.
Silvers.

IGT welcomes communications with its shareholders and values input toward the
goal of enhancing shareholder value. Accordingly, IGT and its representatives
have been in regular communication with Mr. Ader over the last several months
through numerous telephone calls, email exchanges and face-to-face meetings,
including Mr. Ader's November 2012 presentation to the full IGT Board. IGT
has provided multiple opportunities for the Ader Group to offer plans or
strategies to enhance shareholder value, but to date, it has not suggested any
constructive alternatives to the Company's strategy.

The Board believes that the Ader Group's proxy fight is the result of a
long-running dispute between IGT and Mr. Mathewson, the former Chairman and
CEO of IGT. Following Mr. Mathewson's retirement in 2003, he has repeatedly
attempted to exert influence over the Company's operations and extract
personal financial benefits at the expense of all other shareholders. In
2010, the IGT Board severed all financial ties with Mr. Mathewson.

The IGT Board and the Nominating and Corporate Governance Committee have
carefully evaluated the qualifications of the Ader Group's nominees. The IGT
Board strongly believes that the Ader Group nominees, if elected, may seek to
advance an agenda that is not in the best interests of all IGT shareholders.

THE BOARD RECOMMENDS SHAREHOLDERS VOTE ONLY FOR IGT'S NOMINEES ON THE WHITE
PROXY CARD AND NOT TO SIGN OR RETURN OR VOTE ANY PROXY CARD SENT BY THE ADER
GROUP.

The Company will be scheduling its 2013 Annual Meeting in the very near
future.

IGT Resources:

  oLike us on Facebook
  oFollow us on Twitter 
  oView IGT's YouTube Channel
  oCheck out our other systems

About IGT

International Game Technology (NYSE: IGT) is a global leader in the design,
development and manufacturer of gaming machines and systems products, as well
as online and mobile gaming solutions for regulated markets. More information
about IGT is available at www.IGT.com or follow IGT on Twitter at @IGTNews or
Facebook at www.facebook.com/IGT.

Important Additional Information

International Game Technology ("IGT"), its directors and certain of its
executive officers may be deemed to be participants in the solicitation of
proxies from IGT stockholders in connection with the matters to be considered
at IGT's 2013 annual meeting of stockholders. IGT intends to file a definitive
proxy statement with the U.S. Securities and Exchange Commission (the "SEC")
in connection with any such solicitation of proxies from IGT stockholders. IGT
STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND
ACCOMPANYING PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION. Information regarding the ownership of IGT's directors
and executive officers in IGT stock, restricted stock units and stock options
is included in their SEC filings on Forms 3, 4 and 5, which can be found at
IGT's website (www.igt.com) in the section "Investor Relations." More detailed
information regarding the identity of potential participants, and their direct
or indirect interests, by security holdings or otherwise, will be set forth in
the proxy statement and other materials to be filed with the SEC in connection
with IGT's 2013 annual meeting of stockholders. Information can also be found
in IGT's Annual Report on Form 10-K for the year ended September 29, 2012,
filed with the SEC on November 28, 2012. Stockholders will be able to obtain
any proxy statement, any amendments or supplements to the proxy statement and
other documents filed by IGT with the SEC for no charge at the SEC's website
at www.sec.gov. Copies will also be available at no charge at IGT's website at
www.igt.com or by writing to IGT at 6355 South Buffalo Drive, Las Vegas,
Nevada 89113, Attn: Corporate Secretary.

Presentation and Reconciliation of Non-GAAP Measures to GAAP

Year Ended September 30, 2012
GAAP Diluted Earnings Per Share ("EPS") from Continuing Operations    $0.86
Acquisition related charges: ^(a)
 Contingent retention & earn-out                                   0.15
 Amortization of intangibles                                       0.04
 Professional fees                                                 0.01
Impairment and restructuring:
 Patents (Walker Digital)                                          0.03
 Notes (Alabama)                                                   0.03
 Entraction reorganization                                         (0.10)
Distributor settlement                                                0.01
Severance                                                             0.01
Total non-GAAP adjustments                                            0.18
Adjusted EPS from Continuing Operations                               $1.04
^(a) Primarily related to acquisition of Double Down Interactive LLC.



Year Ended September 30, 2011
GAAP Diluted EPS from Continuing Operations $0.97
IP Usage settlements                        0.01
Impairment                                  0.03
Investment gain                             (0.01)
Certain discrete tax items (benefits)       (0.07)
Total non-GAAP adjustments                  (0.04)
Adjusted EPS from Continuing Operations     $0.93



Year Ended September 30, 2010
GAAP Diluted EPS from Continuing Operations $0.73
Impairment and restructuring                0.15
Investment loss                             0.07
Debt refinancing charges                    0.01
Certain discrete tax items (benefits)       (0.12)
Total non-GAAP adjustments                  0.11
Adjusted EPS from Continuing Operations     $0.84



Year Ended September 30, 2009
GAAP Diluted EPS from Continuing Operations $0.50
Impairment and restructuring                0.24
Investment loss                             0.05
Debt refinancing charges                    0.01
Certain discrete tax items (benefits)       (0.06)
Total non-GAAP adjustments                  0.24
Adjusted EPS from Continuing Operations     $0.74



Adjusted earnings per share from continuing operations is a non-GAAP financial
measure. We believe that certain non-GAAP measures, when presented in
conjunction with comparable GAAP (Generally Accepted Accounting Principles)
measures, are useful because that information is an appropriate measure for
evaluating our operating performance. Non-GAAP information is used to evaluate
business performance and management's effectiveness. These measures should be
considered in addition to, not as a substitute for, or superior to, measures
of financial performance prepared in accordance with GAAP. Non-GAAP measures
may not be calculated in the same manner by all companies and therefore may
not be comparable.

SOURCE International Game Technology

Website: http://www.igt.com
Contact: Matt Moyer, Vice President, Investor Relations of IGT,
+1-866-296-4232, or Andrew Siegel / Jed Repko, Joele Frank, Wilkinson Brimmer
Katcher, +1-212-355-4449, or Dan Burch / Larry Dennedy, MacKenzie Partners,
Inc. +1-212-929-5500
 
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