GTECH and IGT Merger Receives High Court Approval

GTECH and IGT Merger Receives High Court Approval This week’s approval from the High Court of England and Wales was the final step in competing the cross-border merger of GTECH with International Game Technology PLC.

As a result of the merger, GTECH will join IGT and take its name, with the GTECH brand eventually fading out.

The merger will be effective as of 12:01 am on April 7, 2015 pending the satisfaction or waiver of outstanding conditions included in the merge agreement.

Marco Sala, a high level GTECH executive, will become chief executive officer of IGT.

In a statement, Sala said, "We have brought together a talented team of proven leaders to combine two great companies, forming a powerful lottery and gaming enterprise that will provide leadership and value to our customers around the globe."
  • I think there is a some kind of partnership between these two companies even before the approval from the High Court. Obviously this deal will help both of these companies to become one more powerful institution. The future will show if that will be a successful partnership.
  • Sites which have been operatings IGT games have already tended to have GTECH games as well for quite a while now so I don't foresee this announcement causing too big a shakeup in the on-line casino world. The GTECH name being phased out probably isn't such a bad thing bearing in mind the scandals over the years, I can understand IGT not wanting to be associated with badly programmed games.
  • This may sound redundant, but big gaming company mergers seem to be another trend in the online gambling community. Every time I read a group of gambling articles, somewhere in there is a story about two of them teaming up to get bigger and better. I wonder if there has been any research if the merging of these companies have been the benefit that each expected,. Probably not, that was a real stretch on my part, but it's an interesting idea. Whatever the outcome and for what ever reason these two are coming together, I wish them the best.

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