Nevada Regulators Give Thumbs Up to Mega Merger of GTECH and IGT

by Sarah Lewis on 2015/03/02

Gaming regulators in Nevada have approved the largest ever merger between GTECH and IGT. After a three-hour meeting in Las Vegas, the Nevada Gaming Commission and the State Gaming Control Board gave thumbs up on GTECH Holdings $6.4 billion buyout of IGT. The companies will now be branded as IGT, while the holding company will be named International Game Technology PLC. The name of GTECH will disappear in about a year. In addition, once IGT is listed on the New York Stock Exchange, GTECH will be removed from the list. The deal should be closed in mid April.