GTECH & IGT begin trade as International Game Technology PLC


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)


Check Also

IGT records 25% Q1 revenue growth following B2C sale

International Game Technology (IGT) has reported revenue growth of 25% for Q1 2021, attributed to …

Gamenet takes control of Lottomatica’s identity as new Italian giant is born

A new era for Italian gambling has started after Gamenet Group completed its €1.1 billion …

IGT confirms Walter Bugno’s executive departure

IGT Plc has confirmed that long-term executive Walter Bugno has resigned from duties as the …