NEW YORK ( TheStreet) -- Casinos are about ready to start sprucing up their casino floors, benefiting game technology makers like International Game Technologies ( IGT)

IGT reported on Thursday a 20% gain in first-quarter earnings, boosted by higher replacement orders. The news sent shares advancing 5% to $21.21 in after-market trading.

During the quarter, the slot-machine maker earned $73.3 million, or 25 cents a share, compared with $61.2 million, or 21 cents, in the year-ago period.

Revenue slipped 14% to $515.7 million from $601.6 million.

Gaming technology companies seem to be moving to recovery, as casino operators look to replace out of date machines.

Last week, Shuffle Master ( SHFL) said it swung to a profit in its fourth quarter.

WMS Industries ( WMS)is slated to report its quarterly results on Jan. 26. It, too, is up 2.1% to $42.71 after-hours.

-- Reported by Jeanine Poggi in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More from Earnings

Walmart Snags Top Spot on Fortune 500 List for Sixth-Straight Year

Walmart Snags Top Spot on Fortune 500 List for Sixth-Straight Year

Listen: Should You Buy Cisco Now?

Listen: Should You Buy Cisco Now?

Week Ahead: Investors Keep Economy in Check as Trade, North Korea Talks in Limbo

Week Ahead: Investors Keep Economy in Check as Trade, North Korea Talks in Limbo

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

J.C. Penney Gets Obliterated After Issuing Weak Outlook

J.C. Penney Gets Obliterated After Issuing Weak Outlook