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Fortune Coin Co. and its video slot-machine technology were purchased by IGT (International Gaming Technology) in 1978.citation needed The first video slot machine was developed in 1976 in Kearny Mesa, California by the Las Vegas–based Fortune Coin Co. Its electromechanical workings made Money Honey the first slot machine with a bottomless hopper and automatic payout of up to 500 coins without the help of an attendant. Despite the display of the result of the next use on the machine, the courts ruled that “the machine appealed to the player’s propensity to gamble, and that is a vice.” In these cases, a mint vending machine was declared to be a gambling device because the machine would, by internally manufactured chance, occasionally give the next user several tokens exchangeable for more candy.
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