International Game Technology Bids on Gambling Tech Firm
International Game Technology is trying to acquire gambling technology firm Venture Catalyst in a deal valued at nearly $21 million, a newspaper reported. The Reno-based slot maker wants to buy Venture Catalyst's Mariposa software system, a casino management tool that stores and manages customer information and wagering habits for use in marketing campaigns.
But IGT would sell back Venture Catalyst's casino consulting business to its current management team, the Las Vegas Review-Journal reported in its Saturday editions.
The all-stock transaction calls for IGT to pay $2.58 a share for Venture Catalyst, whose stock trading is conducted over the counter.
June 20, 2006
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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