Noting that slot machines now represent less than a third of the company's revenue, this week Green sent certified letters to IGT's Board and Executive Chair, Marco Sala, asking for a meeting with the Board of Directors to discuss strategic opportunities for both companies.Ī long-time casino industry operative, Gary Green is a former Vice President of Trump Hotels & Casinos as well as the best-selling author of 'Osceola's Revenge: The Phenomena of Indian Casinos', and the star of the upcoming television series, ' Casino Insider'. 'We have reached the point that our new Private Equity entity can present a Highly Confident Letter and several strategic possibilities that we believe will appeal to IGT's shareholders and potentially win the endorsement of Deutsche Bank, Macquarie Capital, and Mediobanca -the company's financial advisors,' explained Green, Wishing you a splendid holiday season! Best regards, Casino.BOCA RATON, FL / ACCESSWIRE / J/ BOCA RATON, FL / ACCESSWIRE / J/ Celebrated casino industry icon Gary Green has assembled a private equity consortium to purchase the slot machine business vertical of IGT (International Game Technology), the once-behemoth manufacturing company now owned by a UK-based holding company specializing in lotteries.įollowing an announcement last week by IGT's Board of Directors to explore the possible sale, merger, spin-off, or other strategic value propositions for their slot machine business, Green began forming a syndicate of Native American Tribes and Chinese investors as sponsors for the project. On a brighter note, we're genuinely pleased to hear that another platform might be better suited to assist you. While we suggested patience, it seems frustration was directed our way instead.

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