M&A Deal Summary

International Game Technology Acquires Acres Gaming

On June 30, 2003, International Game Technology acquired technology hardware company Acres Gaming for 130M USD

Acquisition Highlights
  • This is International Game Technology’s 1st transaction in the Technology Hardware sector.
  • This is International Game Technology’s 4th largest (disclosed) transaction.
  • This is International Game Technology’s 1st transaction in the United States.
  • This is International Game Technology’s 1st transaction in Nevada.

M&A Deal Summary
Date 2003-06-30
Target Acres Gaming
Sector Technology Hardware
Buyer(s) International Game Technology
Deal Type Merger
Deal Value 130M USD
Advisor(s) The Seidler Co's., Inc. (Financial)

Target

Acres Gaming

Las Vegas, Nevada, United States
Acres specializes in the development of gaming systems technology that enables casino operators to increase patron loyalty.

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Buyer(S) 1

Buyer

International Game Technology

London, United Kingdom

website

Category Company
Founded 2014
Sector Gaming
Employees10,685
Revenue 4.2B USD (2022)
DESCRIPTION

International Game Technology is a provider in casino gaming entertainment and continues to transform the industry by translating casino player experiences to social, mobile and interactive environments for markets around the world. International Game Technology was founded in 2014 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 9
Sector (Technology Hardware) 1 of 2
Type (Merger) 1 of 1
State (Nevada) 1 of 4
Country (United States) 1 of 6
Year (2003) 1 of 1
Size (of disclosed) 4 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-25 WagerWorks

San Francisco, California, United States

Wagerworks, a supplier of online gambling software solutions, began life as part of a company called Silicon Gaming .

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