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September/October 2014 • Public Gaming International
segments of the gaming landscape. It will
increase our global scale and with a full
suite of offerings and robust customer
relationships across the client spectrum,
the new company will be uniquely posi-
tioned to take advantage of the ongoing
convergence across global gaming market
segments. Our expertise across these seg-
ments and greater ability to invest in R&D
will improve player experiences and ben-
efit our government and business clients.
The transaction will significantly enhance
our cash flow and financial strength, and
provide clear and achievable cost and
revenue synergies.”
“We are extremely pleased to reach
a definitive merger agreement with
GTECH as a result of our exploration of
strategic alternatives to increase share-
holder value. This outstanding combina-
tion of two global leaders redefines the
future of the gaming industry. Together
we are uniquely positioned to provide the
industry’s broadest and most innovative
portfolio of best-in-class products, solu-
tions and services,”
said Patti Hart, IGT
CEO.
“This strategic agreement posi-
tions us to further transform the industry
while providing meaningful benefit and
value to our customers, our employees
and our shareholders.”
Scientific Games to Acquire Bally
Technologies In Transaction Valued
at $5.1 Billion
“The acquisition of Bally provides us
with a unique opportunity to combine two
exceptional companies with long track re-
cords of creating leading-edge games and
gaming technology products for players
and delivering innovative solutions to our
customers,”
said Gavin Isaacs, Scientific
Games’ President and Chief Executive Of-
ficer.
“With leading gaming, lottery, and
interactive content, world-class systems
capabilities and table game offerings, we
believe that the combined company will be
uniquely positioned as a strategic partner
for gaming and lottery operators, offer-
ing a highly diversified suite of value-
enhancing products and services across
multiple worldwide distribution channels
and platforms.”
“Having worked side-by-side with
the talented teams at Bally and more
recently Scientific Games, I am confident
this combination brings together best-of-
breed cultures and is occurring at a truly
opportune time as both companies are
committed to bringing the highest value
products and services to customers,”
continued Mr. Isaacs.
“The combined company will feature
world-class research and development ca-
pabilities, an expanded base of recurring
revenues and greater worldwide penetra-
tion in key geographies, including the Aus-
tralAsia region. In addition to the strategic
value of the transaction to our customers,
we expect to create significant shareholder
value as the transaction is expected to
deliver immediate earnings and cash flow
accretion and will allow us to meaningfully
reduce our leverage over the next three to
four years. Reflecting both organizations’
recent post-merger integration successes,
we have identified and expect to real-
ize $220 million in annual cost synergies
and $25 million of annual capital expendi-
ture savings by the end of the second year
following the closing of the transaction.”
The transaction would expand Scientific
Games’ portfolio of products and solutions
to include leading casino management
systems and table products, including au-
tomatic shufflers, proprietary table games
and electronic table systems. It would also
expand the range of Scientific Games’ so-
cial and real-money iGaming and iLottery
products and services. This expanded
portfolio is expected to position Scientific
Games to better cross-utilize content and
technology across the lottery, gaming and
interactive sectors to propel future growth.
The combined company is expected to
have world-class global sourcing, pro-
duction, engineering and product devel-
opment capabilities, as well as a large
installed global base of diverse recurring
revenue products and services. Scientific
Games and Bally generated combined rev-
enue of approximately $3.0 billion in the
12-month period ended March 31, 2014.
Upon closing of the transaction, Mr.
Isaacs will continue as President and
Chief Executive Officer of Scientific
Games, and it is anticipated that Mr. Had-
drill and David Robbins, Chairman of the
Board of Directors of Bally, will join the
board of directors ofScientific Games,
with Mr. Haddrill anticipated to serve as
Vice Chairman.
Pollard Banknote has been Named the
New Primary Instant Lottery Ticket
Supplier for Loto-Québec
Scientific Games Awarded Two-Year
Instant Game Contract Extension with
Minnesota Lottery
Scientific Games Expands Asia-Pacif-
ic Presence with Lottery Instant Game
Contract for Taiwan Lottery
Bally Technologies Launches First
Interstate Progressive Slot
NOVOMATIC is Now a Member of the
WLA, the EL and the CIBELAE
The European Lotteries, an umbrella
organization for national lotteries, has also
recognized these efforts and rewarded
NOVOMATIC with a status as Associate
Member. The CIBELAE, an association
of lotteries in Latin America, has ac-
cepted NOVOMATIC as a STAR Provider.
“In acquiring NOVOMATIC as a Gold
Contributor, the WLA has gained a partner
that is one of the largest integrated gaming
companies in the world. NOVOMATIC’s
November 2013 acquisition of Betware,
the former WLA Gold Contributor and
long-time leader in online gaming solu-
tions for the lottery market, emphasizes
NOVOMATIC’s eagerness to work with the
world lottery community in its effort to gain
revenue for good causes. We are proud to
welcome NOVOMATIC as a WLA member,
and to count them among our Gold Con-
tributors,”
says WLA President Jean-Luc
Monet-Banet.
INTRALOT Group is Pleased to
Announce an Amendment that
Extends Its Contract with the District
of Columbia
Mr. Buddy Roogow, the Lottery’s Ex-
ecutive Director, commented:
“INTRALOT
has been an extremely valuable partner
with the DCLB. Their creative expertise
and technical capabilities have allowed
us to continue a leadership role in the
industry by expanding our product line
with new, exciting, innovative games and
distribution channels, including interactive
instant games played on player-activated
