INTERNATIONAL GAME TECHNOLOGY
EXHIBIT 10.01 - MMULLARKEY EMP CONT AMEND 012703
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>mmempcontractamend012703.txt
<DESCRIPTION>EXHIBIT 10.01 - MMULLARKEY EMP CONT AMEND 012703
<TEXT>

                          AMENDED EMPLOYMENT AGREEMENT
                          ----------------------------

                   THIS AMENDED EMPLOYMENTAGREEMENT ("Agreement") is dated as of
January 27, 2003, and is effective as of January 22, 2003 ("Effective Date") and
is by and between IGT (the "Company"), and Maureen Mullarkey ("Executive").

                   On January 12, 2001, Executive and Company entered into an
agreement (the "2001 Agreement" attached hereto as Exhibit "A"). Company desires
to amend the 2001 Agreement to set forth new terms and conditions. All terms and
conditions in the 2001 Agreement not specifically amended by this Agreement
shall remain in full force and effect as set out in the 2001 Agreement.


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

          1. Title. Executive is promoted to the position of Executive Vice
             President and Chief Financial Officer.

          2. Term. The term of the 2001 Agreement shall be extended for five
             years from the effective date of this Agreement up to and through
             January 21, 2008.

          3. Compensation.


                   3.1 Base Salary. Executive's Base Salary shall be increased
to Four Hundred Thousand ($400,000) commencing on her anniversary date of
January 22, 2003. Base Salary shall be paid in accordance with the Company's
normal payroll procedures and policies. Executive will receive minimum annual
salary increases of no less than Twenty-five Thousand Dollars ($25,000) during
each year of the Term of this Agreement. Nothing in this Agreement shall
preclude the Company from increasing Executive's salary in greater amount.

                   3.2. Reimbursements. Executive waves the unclaimed
entitlement for reimbursement of up to $30,000 for moving and relocation
expenses under the terms of the 2001 Agreement. However, company agrees that it
will reimburse Executive up to $30,000 for financial advisory services with the
company of her choice over the term of this amendment.

                   3.3 Bonus. Executive will be eligible to participate in the
Company's management bonus program, and the bonus calculation shall not exceed
200 percent of the Executive's Base Salary in effect as of the end of the
Company's fiscal year upon which the bonus is based. The bonus will be payable
based upon goals set by the Chief Executive Officer and consistent with those
set for the CEO and COO of the company in consultation with Executive. For each
year that a bonus is granted, twenty-five percent of that bonus (25%) shall be
accrued, and payment deferred (the "Deferred Bonus") for two years. For example,
the Deferred Bonus for year one would be paid in year three, the Deferred Bonus
for year two, if any, would be paid in year four and so on, so long as Executive
remains with the Company. If Company decides not to continue Executive's

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employment at the end of the Term or pursuant to Paragraph 7.5 of the 2001
Agreement, all Deferred Bonus amounts would be due and payable at that time.
Company agrees that it may at any time after consultation with Executive agree
in writing to waive such provision should the Chief Executive Officer agree to
do so.

                   3.4 Stock Options. Concurrent with the Effective Date of this
Agreement, the Company shall grant to Executive an option to purchase 150,000
shares of common stock of the Company, in accordance with the provisions of the
Company's 1993 Stock Option Plan (the "Stock Options"). The Stock Options shall
vest at a rate of 20 percent per year over a five-year period, and the grant
price will be the closing stock price of the Company's common stock on January
22, 2003. Executive shall also be eligible to participate in any other stock
option plan commensurate with her position within the Company.


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

IGT

By: /s/ G. Thomas Baker
    --------------------------------------
    G. Thomas Baker
    President, Chief Executive Officer


EXECUTIVE

    /s/ Maureen Mullarkey
    --------------------------------------
    Maureen Mullarkey
    Executive Vice President and
    Chief Financial Officer







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