A PYMNTS Company

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

 |  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


Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.