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GTECH Buys IGT For $6.4 Billion

By Jay Bartos
Published July 17, 2014 at 12:29 PM PDT

Italian lottery operator GTECH will purchase Las Vegas-based slot maker International Game Technology for $6.4 billion, the companies announced early Wednesday.

The cash and stock deal includes the assumption of $1.7 billion in net debt by GTECH. IGT and GTECH will combine under a newly-formed holding company, NewCo, based in the United Kingdom but with operating headquarters in Las Vegas, Providence, and Rome.

The transaction, the companies said, will create the world's leading gaming equipment manufacturer.
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Jay Bartos
Jay Bartos joined Nevada Public Radio in 1993 to develop and manage the state’s first radio reading service for people unable to use standard printed material due to blindness or another disability. After the reading service was discontinued in 2011, he became the afternoon host on KNPR for ten years. Jay can now be heard on air on News 88.9 KNPR and Classical 89.7 KCNV throughout the week.
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