International Game Technology Acquires Assets of Progressive Gaming International
finance.yahoo.com
Tuesday January 20, 2009, 8:00 am EST
LAS VEGAS, Jan. 20 /PRNewswire-FirstCall/ -- International Game Technology (NYSE: IGT) announced today that it has acquired certain operating assets of Progressive Gaming International Corporation (PGIC). The global operations of PGIC will be integrated with IGT's respective offices in Europe, Asia, Australia, Latin America, Canada and the U.S.
IGT Executive Vice President of Product Strategy, Rich Schneider said, "We are very excited about the opportunity that this transaction provides to IGT. The PGIC system product line is designed for somewhat different market segments as compared to our current IGT Advantage® line. As such, the technology is an ideal complement to our current offering, allowing us to immediately increase our system install base, while providing us with a more complete product offering for future sales opportunities. Further, this gives us the ability to better service the PGIC system install base with our server-based sbX(TM) system offering." |
