High Court Favors GTECH, IGT Merger To Boost Commercial and Social Gaming

IGT and GTECH together will furnish the government-sponsored and commercial gaming industry with products solutions.

GTECH, the Interactive gaming software and services provider and IGT, International Game Technology gaming products designer and manufacturer, will merge after having been been granted approval to do so by the High Court of England and Wales.

By acquiring IGT, a landmark merger has been made in the global gambling industry history. Other regulatory approvals have already been granted. The Nevada Gaming Control Board, in accordance with US gambling laws, is one such body, which gave the deal a thumbs up in February, 2015.

The combination of resources, expertise, and experience, will ensure growth in the online gaming

GTECH will announce the official merger in gambling news, in time for opening of the the Italian Stock Exchange which is scheduled to take place on April 1. However GTECH, has until April 7, to see if the remaining conditions under the merger agreement are met or waived, after the approval given from the High Court.

The General Shareholders Meeting which should be held to discuss the GTECH Stone Alone Financial Statements on April 16, has been postponed as the merger date as not yet been announced. This approbation will complete GTECH’s acquisition after the deal was first disclosed last summer. The IGT-GTECH merge will see the delivery of exciting gaming experiences through web and mobile channels.