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In July 2014, Gtech agreed to acquire American company International Game Technology (IGT), the world's largest slot machine manufacturer, for a total of $6.4 billion, including $4.7 billion in cash and $1.7 billion in assumed debt. The companies combined under a new holding company based in the United Kingdom, and the Gtech name was dropped in ...
After IGT's IPO and NASDAQ listing, the company introduced the S-Slot. This marked its entry into the spinning-reel slot market, and the Player's Edge video poker machine. IGT also launched the Nevada Megabucks slot machine, the first wide-area progressive slot machine system with a $1 million base jackpot.
Another UK-based gaming company Barcrest was acquired from IGT in 2010. [35] Barcrest is the owner of Deal Games and a producer of betting and gambling terminals. [42] In October 2013, the company bought WMS Industries, the third largest manufacturer of slot machines, for $1.5 billion.