Tag Archives: GTech
US – GTECH and IGT amend merger deal
GTECH and International Game Technology (IGT) have amended their previously announced Agreement and Plan of Merger created on July 15, 2014. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election,…
Gibraltar – Excel Affiliates launches BingoZino Affiliate Programme
Excel Affiliates has teamed up with GTECH Gibraltar to launch its BingoZino Affiliate Programme. BingoZino was launched in 2006 and since then the brand has been delivering the highest quality gaming experience to its players. The games are designed with engaging backgrounds and themes to convert first-time players into loyal repeat visitors of the bingo…
Germany – GTECH’s SPHINX 3D game makes European debut
GTECH’s award-winning SPHINX 3D game is now live on casino floors throughout Europe. The SPHINX 3D game made its European debut throughout Germany with installations at all nine of the Spielbanken Bayern properties in Bavaria. Casinos in Italy, Spain, Cyprus, Estonia, Latvia, and Slovenia have also implemented the game, with more European countries to soon…
US – GTECH partners with Arizona Gaming Designs for lottery game
GTECH and Arizona Gaming Designs have signed an agreement to bring Arizona Gaming Designs’ patent-pending Plus or Minus lottery game to GTECH customers. Plus or Minus, also known as 1-Off, gives players another way to play 3-digit and 4-digit daily numbers games, offering a chance to win even if the numbers chosen don’t exactly match…
France – GTECH forms French subsidiary
GTECH is building direct contact and communication with French gaming operators through the creation of its new French subsidiary, GTECH France S.F.M. Based in Paris and lead by its Director Marc Attal, GTECH France S.F.M. will directly provide sales, service and maintenance of gaming machines for the French gaming market. The transition from GTECH’s former…
US – Slot sector consolidation is overdue
Fitch Ratings has described the consolidation of the slot supplier industry as being long overdue, adding that there will be huge benefits for those involved. Duplicative costs including research and development (R&D) have helped prime the industry for consolidation and we believe merger and acquisition activity in the sector underscores demand for slot suppliers’ content…
UK – GTECH and IGT merger to see creation of British company
International Game Technology has received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with respect to the company’s previously announced acquisition by GTECH S.p.A. On July 16, IGT announced that it had entered into a definitive merger agreement with GTECH S.p.A. for the acquisition of IGT by…
US – IGT more profitable despite Q3 revenue slump
International Game Technology, who is currently being sold to GTECH for $6.4bn, saw profits increase in the third quarter despite a double-digit fall in revenue. The slot giant brought in revenues of $467.6m, representing a fall of 19 per cent for the same period of 2013, primarily due to declines in product sales and gaming…
US – GTECH signs $130m deal with Tennessee Lottery
GTECH has signed a seven-year integrated drawing-style/instant-ticket lottery gaming system and services contract, which includes a wide array of lottery products and ongoing services, with the Tennessee Education Lottery Corporation. The contract, which follows a competitive procurement, allows the Tennessee Lottery the option to renew for up to an additional seven extension years. GTECH expects…
