IGT to Acquire Swedish Online Gaming Network

On Thursday, Nevada-based International Game Technology (IGT) announced via a press release that is has launched a cash offer to purchase Swedish-based Entraction Holding AB for about $115 million. The Entraction Board of Directors has recommended the offer to its shareholders.

Entraction, which operates one of the world’s largest online poker networks, will provide the slot machine manufacturer with a position in the online gaming realm. In addition, the “combination is anticipated to provide Entraction with the global scale and reach to partner with gaming operators and land based casinos around the world.”

“The addition of Entraction advances IGT’s position in legalized Interactive gaming markets,” Patti Hart, President and CEO of IGT said in the release. “It strengthens our interactive portfolio by adding poker, bingo, casino, and sports betting. This combination will drive enhanced value for our global customers and partners. We are also thrilled to welcome the Entraction team as the newest members of the IGT family.”

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