IGT Forging Ahead with Online Poker and Other Services

Published Saturday, June 11, 2011 - Online-Casinos.com

According to a recent report in RGJ media on the web the Reno Nevada USA located company International Game Technology has announced a dividend declaration, and a buyback option of up to $500 million in its common stock.

IGT has had other good news to offer its investors including the acceptance of IGT's $115 million cash acquisition of Sweden-based Entraction Holding AB, by Entraction's  shareholders . Entraction has a large online poker network in Europe and other internet  focused gaming products and services.
Also in the IGT bag of good news is the acquisition of the purchase agreement for more than half of the video lottery terminals soon to be replaced be the Loto-Quebec Corporation in Canada.

Eric Tom, IGT's Chief Operating Officer, commented on the contract, "We are exited about Loto-Quebec's decision to award IGT this valuable business," Tom continued,. "Our commitment is being recognized by our partners in Canada and the rest of the world."
The deal sets out that International Game Technology will supply 7,200 new video lottery terminals for Societe des loteries video du Quebec, a Loto-Quebec subsidiary, beginning in 2012.

It is clear the strategy that the firm has includes one day operating a legal online gambling platform in the USA. IGT's long-term plan is to branch out from the casino slot machine-making business to  broader more advanced applications that are compatible with the new wave of internet gambling. Which is obvious with the acquisition of Entraction.
Bill Eadington, economist and director of Institute for the Study of Gambling and Commercial Gaming at the University of Nevada, Reno commented on the company strategy, "It's a strategic move," he added speaking about the possible changes in the USA, "There are political hurdles ... (but) it's an environment that suggests it will be very difficult to hold the tide back on." This is a confident firm planning ahead and moving in the right direction.

 

 

 

 

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