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GTech Acquisition of IGT Completed

Italian betting giant GTech has announced that is acquisition of US based International Game Technology has been completed, effective for the start of business on Tuesday.

The result of the acquisition will see the company going by the IGT moniker, with the company's headquarters being in London, operating headquarters in Rome. Satellite offices will also be operational in Providence, Rhode Island and Las Vegas Nevada.

IGT PLC will be traded on the New York Stock Exchange. IGT was acquired by GTech last year for $6.4 billion, which included GTech assuming $1.7 billion of IGT's net debt.