Tuesday, Jan. 20, 2009 | 8:22 a.m.
Slot machine maker International Game Technology of Reno announced today that it has acquired certain operating assets of casino systems supplier Progressive Gaming International Corporation of Las Vegas.
Terms were not disclosed.
The global operations of PGIC will be integrated with IGT's offices in Europe, Asia, Australia, Latin America, Canada and the United States.
IGT said the deal complements its business because the Progressive Gaming product line is designed for somewhat different market segments than the IGT casino systems management line.
Progressive Gaming, which reported a loss of $63.6 million in the third quarter ended Sept. 30, disclosed Dec. 24 that it planned to auction its assets in cooperation with its senior secured lender, Private Equity Management Group Financial Corp. That company was owed more than $17 million by Progressive Gaming.
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