EXHIBIT 10.24

EMPLOYMENT AGREEMENT

THIS AGREEMENT("Agreement") is dated as of July 8, 2001, and is by and between Thomas J. Matthews
("Executive"), International Game Technology, a Nevada corporation (herein "North" or the "Company") and Anchor Gaming ("South"), a Nevada corporation.

WHEREAS, Executive is currently employed by South; and

WHEREAS, the Company (which for purposes of this Agreement shall include all of North's affiliates and subsidiaries) has entered into
an Agreement and Plan of Merger (the "Merger Agreement") with South, pursuant to which South will, upon consummation of the transactions contemplated in the Merger Agreement, become a direct
wholly-owned subsidiary of the Company (the "Merger"). The Company acknowledges that, following the Merger, continued access to the experience, knowledge and expertise possessed by Executive will be
critical to South's success; and

WHEREAS, the Company considers it important and in its best interest to foster the employment of key management personnel and desires
to retain the services of Executive on the terms and subject to the conditions in this Agreement; and

WHEREAS, the Executive desires to continue employment by South after the Merger and to render services to the Company on the terms and
subject to the conditions of this Agreement.

NOW, THEREFORE, in consideration of the premises and the respective undertakings of the parties set forth below, parties hereby agree
as follows:

1.Employment.  The Company hereby employs Executive in the position of
President and Chief Executive Officer of South and Chief Operating Officer of the Company, and Executive accepts such employment and agrees to perform services for the Company for the period and upon
the other terms and conditions set forth in this Agreement.

2.Duties of Executive.



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3.Term.  The Executive's employment pursuant to this Agreement shall commence
upon the Effective Time of the Merger as defined in Section 1.3 of the Merger Agreement (the "Effective Date"), and continue therefrom through and until October 16, 2004 (the "Term").
Upon the effectiveness of this Agreement pursuant to this Section 3, this Agreement will supersede all previous employment agreements by and between South and Executive, including without
limitation that certain Employment Agreement between South and Executive dated as of October 17, 2000 (the "Prior Agreement"). Notwithstanding the foregoing, if the Merger Agreement is
terminated pursuant to the terms thereof, this Agreement shall, from the date of termination of the Merger Agreement forward, be of no further force or effect, and the Prior Agreement shall remain in
force pursuant to the terms and conditions of such Prior Agreement.

4.Compensation.



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5.Confidential Information.  Except as permitted or directed by the Company's
Board of Directors or required by an order of a court having jurisdiction or under subpoena from an appropriate government agency, during the Term or at any time thereafter, Executive shall not
divulge, furnish or make accessible to anyone or use in any way other than in the ordinary course of the business of the Company (which shall, for purposes of this paragraph, include the Company's
subsidiaries and affiliates, before and after the Merger) any confidential or secret knowledge or information of the Company, which Executive has acquired or become acquainted with or will acquire or
become acquainted with prior to the termination of the period of his employment by the Company (including employment by the Company or any affiliated or predecessor companies prior to the date of this
Agreement), whether developed by himself or by others, concerning any trade secrets, confidential or secret designs, processes, formulae, plans, devices or material (whether or not patented or
patentable) directly or indirectly useful in any aspect of the business of the Company, any customer or supplier lists of the Company, any confidential or secret development or research work of the
Company, or any other confidential information or secret aspects of the business of the Company. Executive acknowledges that the above-described knowledge or information constitutes a unique and
valuable asset of the Company and represents a substantial investment of time and expense by the Company, and that any disclosure or other use of such knowledge or information other than for the sole
benefit of the Company would be wrongful and would cause irreparable harm to the Company. Both during and after the Term, Executive shall refrain from any acts or omissions that would reduce the value
of such knowledge or information to the Company. The foregoing obligations of confidentiality, however, shall not apply to any knowledge or information which is now published or which subsequently
becomes generally publicly known, other than as a direct or indirect result of the breach of this Agreement by Executive.

6.Ventures.  If, during the Term, Executive is engaged or associated with the
planning or implementing of any project, program or venture involving the Company and/or its subsidiaries and affiliates, and a third party or parties, all rights with respect to such project, program
or venture shall belong to the Company, its subsidiaries and/or affiliates, as applicable. Except as approved by the Board of Directors of the Company, Executive shall not be entitled to any interest
in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the compensation to be paid by Executive as provided in this Agreement.

7.Noncompetition Covenant



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8.Termination.  This Agreement shall terminate in accordance with the following
provisions:



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9.Miscellaneous



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IN WITNESS WHEREOF, the Company, South and Executive have executed this Agreement as of the date set forth in the first paragraph.

| | COMPANY:                                           
| | ---------------------------------------------------
| | INTERNATIONAL GAME TECHNOLOGY, a Nevada corporation
| | By:                                                
| | Name:                                              
| | Its:                                               
| | SOUTH:                                             
| | ANCHOR GAMING, a Nevada corporation                
| | By:                                                
| | Name:                                              
| | Its:                                               
| | EXECUTIVE:                                         
| | By:                                                

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