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IGT agrees to buy WagerWorks for about $90 mln

Discussion in 'Casino Industry Discussion' started by mary, Jul 27, 2005.

    Jul 27, 2005
  1. mary

    mary Dormant account

    After the Party Poker IPO, this is the biggest news of the year. I might win my Party Poker bet yet.

    IGT agrees to buy WagerWorks for about $90 mln
    Wed Jul 27, 2005 09:33 AM ET
    NEW YORK, July 27 (Reuters) - International Game Technology on Wednesday said it has agreed to buy privately held WagerWorks, a provider of Internet gaming technology and services, for about $90 million in cash.
    IGT said it expects the deal, which should close next month, to add up to 2 cents a share to its earnings in fiscal 2005 and 2006.
     

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