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The launch of Megabucks by International Game Technologies (IGT) in 1986 changed the slot machine business forever. It was the first time a large number of individual machines were connected into a network that spanned an entire state. With thousands of players feeding the same network, the jackpot pool could reach life-changing sums and create lottery-sized hype.
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While Collins Foods (“Collins”) may not be a household name, step inside a KFC restaurant somewhere in Australia and you have a one-in-three chance of being in a Collins-run establishment. The company opened its first Australian KFC location in 1969. After four decades of expansions, diversifications, restructurings, and a stint under private equity ownership, Collins listed on the ASX in mid-2011. Since listing, its Australian KFC business has grown substantially.
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Open a financial news app and you’ll be greeted with headlines of quarterly earnings misses, monthly economic data prints, and excitement about a 10-week trading update, with share prices swinging around in response.