Gtech in talks with International Game Technology

NEW YORK (AP) — Italian lottery operator Gtech says that it is in preliminary talks with Las Vegas casino gaming company International Game Technology about a potential deal.

Gtech did not specify what type of deal it was seeking.

IGT confirmed in a statement that it was currently exploring strategic alternatives, but it says no decisions have been made yet.

It doesn’t plan to talk about the possible deal until the board makes a decision.

Rome-based Gtech SPA manages lotteries in the U.S., Italy, Spain and South America. IGT makes slot machines for casinos.

Shares of IGT are down 16 cents, or 1 percent, to $15.70 in afternoon trading.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up