I.g.t. Up For Sale?
By Casinomeister, Last updated Jun 13, 2014
Prospect of further industry consolidation as company stock value has declined 31 percent
According to an exclusive Reuters report, International Game Technology (IGT) has appointed Morgan Stanley to investigate a sale as the industry continues to consolidate.
Reportedly, IGT has been exploring a sale for at least the past two months attracting interest from private equity firms and other gaming companies, an unnamed source close to the situation allegedly said.
While IGT apparently woos prospective buyers at management presentations, any future mergers would in all likelihood be subject to lengthy international regulatory approvals.
Online Casino News Courtesy of Infopowa
More news
here.
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
