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Few companies can boast a name or reputation as easily recognisable as that of IGT.

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How it all Began

Few gambling companies in the history of the global gambling industry can boast a name or reputation as easily recognisable as that of International Gaming Technology. Even fewer can claim such an impressive history. 

IGT was formed (though not yet in name) in 1975 by William Redd. Redd began life as a distributor of Wurlitzer jukeboxes and later moved into slot machine distribution for the game supplier, Bally. 

When in 1975, Bally was looking to offload the video slots side of the business, Redd acquired the rights at an extremely competitive price. He then set up his own distribution company with the name Sircoma. 

This business proved to be incredibly successful. Just seven years later Redd took the business public and changed the name to International Gaming Technology (IGT).

IGT Corners the Market

In the years that followed IGT went from strength to strength. Together with Bally, IGT had pretty much the entire US slot machine market to itself. Turnover skyrocketed to over $60 million and IGT could now lay claim to 90% of the valuable slots market in Nevada. 

Fast forward to 2014 and following a couple of major acquisitions of its own (Barcrest and Wagerworks) IGT was itself taken over by the Italian company GTech. This was a takeover that nobody had seen coming, but the gaming world was made to sit up and take notice due to the amount of money that was involved. 

The sale went through for an incredible $6.4 billion ($4.7 billion in cash and $1.7 billion of debt) making IGT one of the most valuable gaming assets ever. 

IGT Creates Many of the World’s Top Slot Games

Cleopatra slot game by IGT
Cleopatra Slot Game by IGT
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