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Combined Company, Named International Game Technology PLC ('IGT'), Begins Trading on the New York Stock Exchange (Ticker: IGT)
LONDON, April 7, 2015 /PRNewswire/ -- GTECH S.p.A. and International Game Technology today announced the completion of the combination of their businesses, creating a global leader in delivering innovative end-to-end solutions across the full spectrum of regulated gaming. The combined company's name is International Game Technology PLC ("IGT"). It began trading today on the New York Stock Exchange under the ticker symbol 'IGT'.
GTECH and International Game Technology today completed their merger, creating a global leader across the full spectrum of regulated gaming. The combined company began trading today on the NYSE as "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."
Mr. Sala has been with GTECH for more than 10 years, most recently serving as CEO, and has two decades of experience in executive management positions.
In addition to Mr. Sala, the corporate leadership team will be comprised of the following:
Renato Ascoli – Chief Executive Officer, North America Gaming/Interactive (DoubleDown Casino)
Walter Bugno – Chief Executive Officer, International
Fabio Cairoli – Chief Executive Officer, Italy
Michael Chambrello – Chief Executive Officer, North America Lottery
Alberto Fornaro – Executive Vice President and Chief Financial Officer
Donald R. Sweitzer – Chairman, IGT Corporation (North America) and Senior Public Affairs Advisor
Robert Vincent – Senior Vice President, Human Resources and Corporate Communications
About IGT:
IGT (NYSE: IGT) is the global leader in gaming. We enable players to experience their favorite games across all regulated segments and channels, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of prime content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately $6 billion in revenues and more than 13,000 employees. For more information, please visit www.merger.igt.com.