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Gambling foray's a good bet for Wells-Gardner.(Annual Meetings)(Wells-Gardner Electronics Corp. )(Brief Article)
Crain's Chicago Business, May, 2003
Byline: H. LEE MURPHY A bet on the gambling industry is paying off for Wells-Gardner Electronics Corp. Ten years ago, when CEO Anthony Spier arrived, it was a manufacturer of video terminals for the amusement arcade market, but under Mr. Spier, it has emerged as a leading supplier of video displays and other components to the U.S.
gambling market. Its share of sales directed at gambling reached 70% last year, compared with 5% a decade ago, and Mr. Spier expects the figure to top 80% this year. "Gaming is profitable at all levels, from equipment manufacturing to casinos. That's the mark of a healthy industry,'' he said after the recent annual meeting. "It's been a good marketplace for us.'' Wells-Gardner is evolving in other directions, too. Once, 100%...
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