Rumours Persist On Sale Of I.g.t. (update)

More buyers reported to be interested

Rumours of a GTech acquisition offer worth $4 billion for gambling equipment and software manufacturer International Game Technology have surfaced again this week, although neither company have any further comment to make beyond their rather bland announcement last month that they were in talks (see previous InfoPowa reports).

IGT put itself up for sale June 9 and reportedly has also attracted interest from Ron Perelman's MacAndrews & Forbes Holdings, along with bids from Apollo Global Management LLC and Carlyle Group LP. The former is a major investor in Scientific Games, which recently acquired WMS.

Speculation recently had suggested buy-out bids at up to $6 billion. International Game's opening price Thursday gave it a market value of nearly $3.9 billion.

The acquisition deal surfaced again Thursday in GTech's home country of Italy, where the Italian newspaper La Repubblica commented on the moves by the various companies reported to be involved.

International Game traded recently at $15.64, up 3.5 percent.

Online Casino News Courtesy of Infopowa

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Casinomeister

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 astrophography.

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