GTECH S.p.A. and International Game Technology (IGT) announced the completion of the combination of their businesses in International Game Technology plc (IGT).
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It began trading on the New York Stock Exchange under the ticker symbol "IGT". IGT is uniquely positioned to serve global commercial and government clients with innovative content, cutting-edge technology, and a suite of products that delivers exciting gaming experiences through every channel, including lotteries, gaming machines, social, mobile, and interactive.
IGT is now positioned number one both in lottery and gaming machines. IGT's customer base presents a powerful growth opportunity for the two highly complementary legacy businesses. IGT is the preferred gaming and lottery partner in more than 100 countries around the world with combined revenues of approximately $6 billion.
"Regulated gaming clients across both the government and private sectors are seeking reliable, secure and innovative ways to increase revenue and drive profitability, and IGT is the trusted go-to partner in this space," said Marco Sala, CEO of IGT.
"We will provide top-performing content across multiple platforms enabling players to experience their favorite games across all regulated segments and channels, all with our unwavering Customer First approach. With a truly global reach, we will share expertise and experience both geographically and across market segments. The combination of GTECH and IGT is a winning combination."
"We are pleased to welcome IGT to the NYSE," said Thomas W. Farley, NYSE Group president. "IGT is a premier global gaming operator shaping the future of entertainment and gaming, and an excellent addition to the NYSE's community of the world's leading companies."
International Game Technology (IGT) announced in July last year that it has entered into a definitive merger agreement with GTECH S.p.A. for the acquisition of IGT by GTECH for $6.4 billion, comprised of $4.7 billion in cash and stock and the assumption of $1.7 billion in net debt. ■