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Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Shareholders to vote Feb. 10 on GTECH-IGT merger

5 January 2015

LAS VEGAS -- Shareholders of slot machine developer IGT - International Game Technology will vote Feb. 10 on the company’s $6.4 billion merger agreement with lottery provider GTECH Holdings.

IGT agreed last summer to be acquired by Italy-based GTECH for $4.7 billion in cash and stock, and assumption of $1.7 billion of the Nevada-based slot maker’s debt.

Under terms of the agreement, IGT and GTECH will combine under a newly formed holding company with corporate headquarters in the United Kingdom. The company will maintain operating headquarters in Las Vegas; Providence, R.I.; and Rome.

The vote will be held at The Signature at MGM Grand Las Vegas.

The deal still requires approval of Nevada gaming regulators.
Shareholders to vote Feb. 10 on GTECH-IGT merger is republished from iGamingSuppliers.com.