M&A Deal Summary

International Game Technology Acquires Progressive Gaming International

On January 20, 2009, International Game Technology acquired technology hardware company Progressive Gaming International

Acquisition Highlights
  • This is International Game Technology’s 2nd transaction in the Technology Hardware sector.
  • This is International Game Technology’s 4th transaction in the United States.
  • This is International Game Technology’s 3rd transaction in Nevada.

M&A Deal Summary
Date 2009-01-20
Target Progressive Gaming International
Sector Technology Hardware
Buyer(s) International Game Technology
Deal Type Add-on Acquisition

Target

Progressive Gaming International

Las Vegas, Nevada, United States
website
Progressive Gaming International Corp. is a supplier of integrated casino and jackpot management solutions for the gaming industry. This technology is widely used to enhance casino operations and drive greater revenues. Progressive Gaming offers a range of table game and chip management solutions that combines our latest software with High Frequency 13.56 MHz RFID enabled chips.

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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 4 of 9
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 3 of 6
State (Nevada) 3 of 4
Country (United States) 4 of 6
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-08 Cyberview Technology

Las Vegas, Nevada, United States

Cyberview is a leading provider of server-based downloadable gaming systems inderpinned by a strong Intellectual property and patent portfolio. The strength of the Company's system is its end-to-end security, flexibility, scalability, reporting capabilities and audit trail. This innovative and flexible technology allows customers to change the game offering on demand, thereby enabling the operator to customise its offering in order to maximise revenue.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-05 Entraction Holding AB

Stockholm, Sweden

Entraction Holding AB the legal online poker networks and has quickly grown into one of the leading suppliers of online gaming products and services. Entraction's scalable, robust business to business delivery platform contains over 4 million registered players, in partnership with over 60 operators. Additionally, Entraction provides a comprehensive suite of services needed to operate a successful gaming site such as content management, payment solutions, and fraud protection.

Buy $115M
Mergr

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