GTECH now IGT as a result of merger

PROVIDENCE – GTECH is now officially known as International Game Technology PLC as a result of the merger that went into effect Tuesday at midnight.
The combined company, which specializes in lottery and gaming machines, began trading Tuesday on the New York Stock Exchange under the ticker symbol “IGT.” CEO Marco Sala, who was joined by senior executives of the combined company, rang the opening bell.
According to a news release from the company, 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 now operates in more than 100 countries around the world with revenue 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,” Sala said in a statement. “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.”
Thomas W. Farley, NYSE Group president, said, “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.”

Sala, who has been with GTECH for more than 10 years, most recently serving as CEO, has two decades of experience in executive management positions.

In addition to Sala, the corporate leadership team will be comprised of the following:

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  • Renato Ascoli – CEO, North America Gaming/Interactive (DoubleDown Casino)
  • Walter Bugno – CEO, International
  • Fabio Cairoli – CEO, Italy
  • Michael Chambrello – CEO, North America Lottery
  • Alberto Fornaro – executive vice president and chief financial officer
  • Donald R. Sweitzer – chairman, IGT Corp. (North America) and senior public affairs adviser
  • Robert Vincent – senior vice president, human resources and corporate communications

Rome-based GTECH S.p.A., parent of Providence-based GTECH Corp., received unanimous approval from the Nevada Gaming Commission in February for the $4.7 billion acquisition of International Game Technology in Las Vegas.
The parent company and corporate headquarters are now located in London; it will continue to have offices in Providence, Nevada and Rome.

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