IGT chief Marco Sala: Providence important to 'our combination'

Apr 11, 2015 978

By Paul Grimaldi

A Rhode Island-based gambling giant starts life Tuesday as a new company, with a new name, the result of a previously announced merger. The merger combined GTECH, the world's largest provider of lottery systems, with International Game Technology, the world's largest slot-machine maker.

"Over the next three years it will be a matter of consolidating this bigger company," said Marco Sala, the company's chief executive officer. "We can start working on all the stuff we have in front of us." The $6.4-billion transaction included $4.7 billion in cash and stock and the assumption of $1.7 billion of the slot maker's debt.

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Source: http://www.providencejournal.com/

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