A prominent slot machine manufacturer and distributor, International Game Technology (IGT), recently purchased WagerWorks, a leading privately-held provider of online gaming platforms. The acquisition cost IGT $90 million, in cash.
IGT was reported as saying that the reason for such a move is the company’s will to expand the distribution of its slots games over the Web, interactive television and other channels of information and entertainment.
According to T.J. Matthews, IGT's Chief Executive Officer, "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."
