IGT agrees to buy WagerWorks for about $90 million
International Game Technology on Wednesday said it has agreed to buy privately held WagerWorks
Thursday 28th July 2005
One of the world’s leading gaming manufacturers, International Game Technology (IGT), has confirmed its intent to acquire WagerWorks by August 2005, for around $90 million. WagerWorks is an online gaming business that has in impressive portfolio of clients including BSkyB, Sony and Virgin.
Chief Executive Officer of IGT, TJ Matthews, commented, “The acquisition of WagerWorks will help the distribution of IGT game content across new channels and mediums including the internet, mobile devices, and interactive television. WagerWorks’ adherence to a strict compliance policy ensures that operators offer the company’s products and services to end users in a responsible manner. We are very excited to work with their customer base, content providers and management team to accelerate and enhance WagerWorks' growth prospects.”
WagerWorks offer IGT an extensive range of casino based online games such as poker rooms, “Wheel of Fortune” and “The Price is Right”.