The slot machine manufacturer announced that it expects to complete the deal to buy WagerWorks, for about $90 million in cash, by the end of August.
WagerWorks is the only major provider of internet gaming technology and content with a strict operation policy of not accepting customers from the United States. WagerWorks\’ customers include BSkyB, Rank, Blue Square, Paddy Power, Virgin and World Poker Tour.
“We think this transaction validates WagerWorks\’ regulatory strategy and reinforces our belief that remote gaming will continue to evolve and mature in a regulated manner,” said Paul Miltenberger, WagerWorks Chief Executive.
“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,” said TJ Matthews, IGT Chief Executive.
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