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GTECH Finishes the Acquisition of IGT

GTECH acquisition IGT

GTECH, gaming software and service provider, finalized the $6.4 billion purchase of gaming products designer and manufacturer, International Game Technology (IGT).

GTECH`s plans for the eminent merger wereannounced last summer. It was reported that company paid $4.7 billion for IGT andundertook its $1.7 billion net debt, too.

According to gambling news Marco Sala, CEO of GTECH, will become the chief executive of the conjoined company. The new firm, under the name of IGT, will have its central offices in London but they`ll also keep theiroffices in Rome, Providence and Las Vegas.

Sala, who will be accompanied by other chief executives all around the world, emphasized the trustworthiness of the company. As he insisted “both the government and private sectors are seeking reliable, secure and innovative ways to increase revenue and drive profitability,” andthe company aspires to supply all these requirements.

Top-notch content on all platforms

IGT`s customers can look forward to the highest quality content on all devices.“We will provide top-performing content across multiple platforms enabling players to experience their favorite games across all regulated segments and channels, all with our unwavering Customer First approach,” said Sala.

The president of the New York Stock Exchange, Thomas W. Farley, welcomed the mobile betting company as their shares began trading yesterday.He regarded IGT to be an excellent addition to the NYSE’s community of the world’s leading companies.”

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