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IGT to Expand To Online Casinos
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Microgaming Online Casinos - IGT to Expand To Online Casinos
IGT, the largest slot machine manufacturer in the world, bought WagerWorks online casinos, a privately held company that provides content and technological services for online casinos sites. After the $90 million acquisition of WagerWorks online casinos IGT will achieve an opportunity to integrate in the online casinos industry. An analyst said that with WagerWorks online casinos on their side, ITG can participate in the online casinos business without risking its licenses.
T.J. Matthews, CEO of IGT, said in a statement announcing the deal "The acquisition of WagerWorks online casinos will help distribute the IGT game content across new channels, among them online casinos. Besides online casinos there are mobile devices and interactive television and that is where we want to be. The popularity of online casinos gambling continues to grow and we see this acquisition as a strategic move”.
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