International Game Technology (IGT) is exploring alternatives to determine the actual value of its Global Gaming and PlayDigital divisions. This falls under the purview of the company’s board of directors, who are now considering a variety of possibilities, including a sale or a joint venture. Another option is holding onto what is already in place while adding additional funds to the Global Gaming and PlayDigital divisions.
According to the Executive Chair at IGT, Marco Sala, the company has been actively involved with restructuring its prime product division and monetizing its non-prime assets, which in turn will help expand its credit facility. The requirement of the hour for them is to improve their stock price and total value.
As far as the CEO of IGT, Vince Sadusky, is concerned, he sincerely believes that the company needs to consider all factors related to the overall value of the company and its increase in the matter because it is the absolute top player in the lottery, online, brick-and-mortar gaming, and sports betting. He believes that doing this will help the company win over its stakeholders. In the interim, the corporation has hired financial consultants Macquarie, Mediobanca, Deutsche Bank, and other firms.
They have brought in Sidley Austin and White & Case as legal counsel. However, currently, they have not really come up with any kind of deadline. As an organization, IGT is the undisputed top player in the field of gaming. They are into providing games that come with loads of entertainment and sheer thrill. They run their operations in over a hundred destinations and have accumulated a team consisting of roughly 10,500 employees. In terms of positioning, they are among the top companies globally.