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Slot maker IGT announces major layoffs

A decline in gaming revenues in U.S. regional gaming markets and a challenging business environment in foreign destinations forced slot machine manufacturer International Game Technology to reduce its workforce worldwide by 7 percent, the company said Tuesday.

Firm cuts US online gambling estimate 30 percent

ATLANTIC CITY, N.J. — Morgan Stanley lowered its estimate of the U.S. Internet gambling market on Tuesday to $3.5 billion by 2017, down from a previous forecast of $5 billion.