A Duluth company is growing rapidly in the U.S. and Mexico without selling its bread-and-butter products in Georgia.
And while the fiscal crisis in many states is likely to fuel more revenue in coming years, the company is not betting on the Peach State to be one of them.
I’m talking about gambling. To be precise, video slot machines made and sold by Cadillac Jack. (The name comes from an old video Blackjack game.)
Up to now, the company has been primarily selling its slots to tribal casinos, while preparing to go up against the big boys (IGT, Bally, and Williams) that dominate the commercial ones in places like Las Vegas and Atlantic City, said owner and CEO Gene Chayevsky.
But since more revenue-starved states are considering the legalization of slots and video lottery terminals — or expanding their use — Chayevsky hopes to get a slice of that pie, too.
In this “high-margin” business, he said, a slice from different pies can boost a “medium-sized” company’s