IGT Announces New Merger - KTVN Channel 2 - Reno Tahoe News Weather, Video -

IGT Announces New Merger

Posted: Updated:
A Nevada gambling giant has agreed to a multi-billion dollar merger, which will take its headquarters out of the Silver State. 

International Game Technology is being acquired by Italian company GTECH, in a deal worth almost $6.5 billion. 

GTECH is the world's largest lottery operator, and oversees Italy's national lottery system.

IGT's main offices are in Reno and Las Vegas.

But under the new deal, GTECH and IGT will form a new global gaming company, based out of the United Kingdom.

Once the move is final, the new company will apply to be listed on the New York Stock Exchange.
"We are extremely pleased to reach a definitive merger agreement with GTECH as a result of our exploration of strategic alternatives to increase shareholder value.  This outstanding combination of two global leaders redefines the future of the gaming industry.  Together we are uniquely positioned to provide the industry's broadest and most innovative portfolio of best-in-class products, solutions and services," said Patti Hart, IGT CEO.  "This strategic agreement positions us to further transform the industry while providing meaningful benefit and value to our customers, our employees and our shareholders."
  • Today's Top StoriesMore>>

  • Teen in Custody in Sparks Deadly Stabbing Case

    Teen in Custody in Sparks Deadly Stabbing Case

    Tuesday, September 2 2014 5:28 PM EDT2014-09-02 21:28:51 GMT
    Sparks Police are looking for the suspects in a deadly stabbing Monday night in the 400 block of 11th Street.More >>
    Sparks Police are looking for the suspects in a deadly stabbing Monday night in the 400 block of 11th Street.More >>
  • Senior Fest 2014 Helps Thousands of Seniors

    Senior Fest 2014 Helps Thousands of Seniors

    Tuesday, September 2 2014 4:59 PM EDT2014-09-02 20:59:01 GMT
    As many as five thousand seniors gathered today at Reno Town Mall to take part in the 19th annual Senior Fest. More >>
    As many as five thousand seniors gathered today at Reno Town Mall to take part in the 19th annual Senior Fest. More >>
  • Senior Fest 2014 Health Screenings

    Senior Fest 2014 Health Screenings

    Tuesday, September 2 2014 12:52 PM EDT2014-09-02 16:52:44 GMT
    Today until 2 p.m. at theReno Town Mall (4001 S. Virginia Street, Reno.)Senior Care Plus is offering free Health screenings for those 50 years of age and older regardless of your health care provider.Flu shots, Shingle shots, are just a few of the options that will be available.Again, those services are free!Swing by and check outSenior Fest 2014.More >>
    Today until 2 p.m. at theReno Town Mall (4001 S. Virginia Street, Reno.)Senior Care Plus is offering free Health screenings for those 50 years of age and older regardless of your health care provider.Flu shots, Shingle shots, are just a few of the options that will be available.Again, those services are free!Swing by and check outSenior Fest 2014.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.