A PYMNTS Company

US: Las Vegas sees the largest gaming merger in its history

By  |  March 1, 2015

Las Vegas, Nevada has witnessed the largest merger ever in the history of gaming machines production. At a meeting in Las Vegas Thursday, between the International Game Technology, a United States based company operating from the city, and the Italian company GTECH, the Nevada Gaming Commission unanimously agreed upon the biggest amalgamation ever within the equipment manufacturing sector.

IGT and GTECH executives later justified the unification, stating that the merger would bring together the biggest slot machine maker in the world and the top rated lottery provider in the gaming industry. This merger will combine GTECH’s lottery technology and services, and their gaming operations with IGT’s game library, machine products, operating capabilities, and their manufacturing division.

After announcing the deal, company officials in Las Vegas stated that the combined entity, IGT-GTECH, would now be branded as IGT.

 

Full Content: Poker News

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.