SBC News Voice of the Sports Betting Industry
GTECH SpA has today completed its $6.4 billion acquisition of Nevada based gambling technology provider International Game Technology (IGT) , finalising its nine month acquisition process.
The acquisition hurdles will see GTECH and IGT operate under the corporation name International Game Technology. The merged company will begin trading its new share on the New York Stock Exchange later today.
Last week GTECH governance issued a corporate statement which announced that the merger had cleared all international regulatory hurdles and preconditions (US, UK and Italy). GTECH governance would further announce that it was on schedule to complete its merger by the target date of 7 April.
International Game Technology plc will be headquartered in London, the new company will keep key strategic offices in Rome, Rhode Island, Providence and Las Vegas. Long term GTECH CEO Marco Sala will take up the new position of Chief Executive Officer of International Game Technology PLC.
The new company has undergone a brand makeover, which will see the corporation merge the IGT symbols with the iconic GTECH Globe (see below)
