Tag Archives: marco Sala

GTECH & IGT begin trade as International Game Technology PLC

GTECH SpA has today completed its $6.4 billion acquisition of Nevada based gambling technology provider International Game Technology (IGT) , finalising its nine month acquisition process. The acquisition hurdles will see GTECH and IGT operate under the corporation name International Game Technology. The merged company will begin trading its new share on the New York Stock Exchange later today. Last …

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GTECH clears all preconditions for IGT 7th April merger

GTECH SpA governance has announced that the company has cleared all preconditions for its merger with International Game Technology (IGT). GTECH will now be able to complete its merger with IGT operations, following its $6.4 billion acquisition which was first announced in July 2014. The merger of the two gambling technology companies is set to become effective on Tuesday 7 …

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GTECH SpA announces name of new company as “IGT”

GTECH governance has announced that it has received approval of its $6.4 billion acquisition deal of International Game Technology (IGT) by regulators the Nevada Gaming Commission and the Gaming Control Board. The approval represents the final authoritative step needed to be cleared by GTECH in order to progress with its IGT acquisition which first announced on 16 July 2014. GTECH …

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GTECH appoints Michael Chambrello as CEO of North America lottery division

Lottery and gambling technology/provisions provider GTECH SpA has announced the appointment of Michael Chambrello as Chief Executive Officer of its North American Lottery Division. Chambrello, who previously served as chief executive officer of Scientific Games, will begin his new role on March 23 and report directly to GTECH CEO Marco Sala. Chambrello has prior knowledge of GTECH operations having had …

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GTECH confident of hitting 2014 targets after Q3 income increase

Italian lottery and gambling technology provider GTECH SpA reported an increased operating income of €133.2 million (£104 million) up 30% on Q3 2013 €102.3 million (£80 million). GTECH senior management confirmed that the company was on course  to meet its full year targets, however it expressed concern regarding its decline in Q3 revenues €727.8 million (Q3 2013 – €730.2 million) …

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GTECH forms steering committee for IGT integration

GTECH SpA Chief Executive Officer Marco Sala announced via a corporate video that GTECH senior management had begun to plan the integration of recently acquired International Game Technologies (IGT), in what will become one of the gambling industry’s biggest technology operators. Sala stated that the board of GTECH, had created a steering committee in order to aid the process of …

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GTECH set to buy IGT for $4.7 billion

After weeks of speculation GTECH SpA have confirmed that it will buy Las Vegas based slots machine and gambling provisions manufacturer International Game Technology (IGT) for $4.7 billion (£2.74 billion). Business news sources speculate that GTECH have structured the purchase of IGT using cash and stock equity. The further inclusion of $1.7 billion in net debt, will see the total …

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