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However, a major competitor entered the scene in the early s. Fixed-odds betting terminals started appearing at British betting shops. An FOBT is similar to both a fruity and standard slot machine. It features the same type of cabinet, betting options, and gameplay. Therefore, gamblers had little trouble adjusting to these terminals.
As an added bonus, FOBTs also cover a wider range of games than fruities and slots. They can feature a blackjack, bingo, roulette , slots, or virtual horse racing game. After seeing the popularity of these machines, betting shops quickly rolled out countless FOBTs across the country.
The influx of fixed-odds betting terminals gave UK residents more opportunities to gamble than ever before. Much like with fruities and arcades, one could quickly reach a nearby betting shop if they wanted to play an FOBT. These machines were so widespread that they eventually began causing social problems in the country.
Problem players lost so much money on FOBTs that lawmakers dubbed them the crack-cocaine of gambling. Politicians eventually felt that they needed to take action. In the mids, they placed a limit on how many terminals a shop could offer.
This limit reduces the amounts of FOBTs to four per establishment. However, the industry found a way around this issue. Major operators like Bet, Ladbrokes, and William Hill started opening betting venues in nearly any vacant building they could find.
They countered the FOBT limit by launching more shops in order to provide more terminals. Soon, fruit machines became a distant memory as FOBTs spread like wildfire. Many gamblers enjoyed being able to play a variety of electronic games rather than just basic fruities. Fruit games of the past often had 3 or 5 reels, 1 to 20 paylines, and limited features behind hold and nudge. Furthermore, the competition was limited to casino slot machines for years.
Rather than merely spinning the reels and holding or nudging, you might unlock expanding wild symbols, random wilds, free spins, and win multipliers. Companies that still develop fruities realize they need to pack more entertainment into their games. Of course, fruit machines have always been an offshoot of slots. You can still tell a fruity by its patented fruit symbols and hold and nudge features. However, these machines also boast more bonuses, animations, and high-quality graphics than ever before.
Probably not. But the morphed versions that include modern features will likely be here for decades to come. Developers gradually added more entertaining aspects to these games over time. Classic fruities may eventually vanish from business floors completely.
Again, though, fruit machines are still going to be around in some form or another. Eventually, you might not even be able to pick them apart from regular slots. Fruities boomed thanks to a loophole in British laws during the s. Developers seized the chance by adding hold and nudge to what were essentially classic slot machines. Fruit machines enjoyed widespread success afterward. IGT have five unique gaming studios around the world, which all work to produce slots titles for their land-based terminals and for the online gambling industry, as well as occasionally transitioning titles from one realm to the other.
All slot machine software providers offer a range of payout percentages across their slots depending on what in game features are present and what betting options the player chooses. IGT are no different topping out at a return to player percentage of Undoubtedly one of the true giants of the gambling industry, IGT have fingers in almost every pie imaginable when it comes to gaming, betting and gambling.
According to IGT, therefore, they are…. The story of how they reached such lofty heights, however, is an interesting one which encompasses the history of three separate and diverse companies. That story begins first in the USA in , when the company which would soon become Gtech was originally founded. That company got in on what was essentially the ground floor of the lottery industry in the USA, quickly established a foothold and grew rapidly to become a leading light in the field.
In , a number of commercial acquisitions — including that of major company Finsoft — saw Gtech move into the sports betting world and continue to grow apace. That company cut its teeth manufacturing mechanical reel slot machines and quickly became a major force in that and related industries.
Thanks to a number of acquisitions and no little organic growth, by the late s IGT was one of the largest companies in the gambling industry and started to diversify its activities. The third strand to the story of IGT as we know it today traces its origins back to Italy in It was there and then that a collection of businesses merged to form the Lottomatica Consortium.
The Lottomatica Consortium became listed on the Italian Stock Exchange in and started to broaden its portfolio of products and services in earnest, in the following years.