The company adopted the name International Game Technology in 1981, eventually shortening it to IGT. The company is best known for its development and distribution of Wheel of Fortune-themed slot machines. For the quarter that ended June 30, IGT reported operating income of $230 million, 20 cents a share, on revenue of $1.05 billion, with income down 8 percent and revenue off 1 percent from the same quarter a year ago. In light of the pending transaction, the company gave no future financial guidance due to pending separation and divestiture expenses.