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US/Italy: Nevada regulators OK $6.4 billion merger between lottery operators

By  |  February 26, 2015

Nevada gambling regulators say a $6.4 billion merger between an Italian lottery operator and U.S. slot machine maker can move ahead.

The Nevada Gaming Commission unanimously approved the deal between Italy’s Gtech and Las Vegas-based International Game Technology, or IGT, at a Thursday meeting with one commissioner abstaining.

The deal involves $4.7 billion in cash and stock and $1.7 billion in debt.

“This appears to be good for both companies and good for the state of Nevada,” said Control Board member Shawn Reid.

 

Full Content: Las Vegas Review-Journal

 

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