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15 billion) in cash.Read a statement from Sala…“The transaction enables IGT to monetize its leadership positions in the Italian business-to-consumer gaming machine, sportsbetting and digital spaces at an attractive multiple to comparable Italian transactions, providing us with enhanced financial flexibility.Suppleness stimulus:Marco Sala (pictured) serves as the Chief Executive Officer for IGT and he used the press release to declare that his firm’s board of directors has ‘unanimously approved the transaction‘ so as to authoriplanet 7 casino 99 free spins bahfze the disposal of enterprises that last year chalked up aggregated adjusted earnings before interest, tax, depreciation and amortization of about €206 million (9....
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It stated that the coming sale ‘remains subject to customary closing conditions including regulatory approvals’ and will moreover oblige the entity of private alternative investments specialist Apollo Global Management Incorporated to part with a final disbursement of €125 million (1.British lotterplanet 7 casino 99 free spins bahfy and gaming machines innovator International Game Technology (IGT) has announced the signing of an agreement that is to see it offload a pair of wholly-owned Italian subsidiaries for approximately €950 million (.”...
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It also highlights our strategy of focusing on long-term partnerships with leading operators in regulated markets. It also highlights our strategy of focusing on long-term partnerships with leading operators in regulated markets.”Growing partnership:The two deals also enhance the long-term strategic partnership between Norsk Tipping and Playtech, with the latter having supplied the operator with online casino games since 2016 and terminals, games, VLT platforms, and services since 2003....
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Arrears appeasement:IGT additionally revealed that it expects the first stage of this arrangement to have been completed by the end of June and will subsequently utilize the proceeds from the sale of its Italian business-to-consumer gaming machine, sportsbetting and digital gaming establishments to reduce overall company debt.The new online casino agreement will allow Norsk Tipping to access the Isle of Man-headquartered developer’s extensive range of innovative online casino games comprising its lineup of premier content studios including Ash Gaming, Vikings, Quickspin, Origins and Rarestone, the newest addition to the Playtech studios family. We are confident that Playtech’s proven VLT and online casino expertise in a wide range of regulated markets will continue to provide great value for Norsk Tipping and support us in the delivery of our overall content strategy....
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