Gtech to be acquired by operator of Italy's lottery for $4.6 billion

Article Abstract:

With the acquisition of Rhode Island-based GTECH Holdings Corp. by Italian lottery company Lottomatica S.p.A., the two companies will be forming a combined multinational enterprise with revenues estimated at $1.9 billion. GTECH, which is the world's largest operator of computerized lotteries, will run the new company from headquarters in Rome, Italy.

Italy, United States, Acquisitions & mergers, Foreign operations, Vending, Vending Machine Operators, Automatic vending machines, Merchandising machine operators, Mergers, acquisitions and divestments, Company acquisition/merger, Vending industry, Vending machines industry, GTECH Holdings Corp., GTK, Lottomatica S.p.A.

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Sportingbet slides 40% as shares resume trade

Article Abstract:

Peter Dicks, Chairman of Sportingbet PLC of the United Kingdom has been detained in New York concerning an outstanding warrant for illegal internet gambling in Louisiana. Shares in the online gaming business fell by 40 percent to 144 Pence ($2.69).

United Kingdom, Legal issues & crime, Executive changes & profiles, Legal/Government Regulation, Officials and employees, Company legal issue, Cases, Sportingbet PLC, Dicks, Peter

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Genting puts bet on Rank with purchase of stake

Article Abstract:

Malaysian gambling firm Genting Bhd. has purchased a 9.4% stake in UK casino operator Rank Group PLC, totaling 36.6 mil ordinary shares. Rank shares increased to 8.7%; the firm's market capitalization totals $884 mil.

Financial management, Company investment, Investments, Malaysia, Rank Group PLC, Genting Bhd.

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