IGT Lottery sells Italian business enterprise

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IGT Lottery a wholly-owned subsidiary of IGT has signed a definitive arrangement to sell its Italian proximity payment company to PostePay for €700m.

Below the agreement, IGT will be selling LIS Keeping and indirectly LISPAY. These two wholly-owned subsidiaries carry out IGT’s proximity payment enterprise, which has been the chief in the Italian proximity payments current market, offering services by means of a thoroughly-owned advanced payment know-how platform and a community of 54,000 points of sale.

Solutions made available vary from payments companies like monthly bill payments and pay as you go payment cards to business expert services delivering telco and e-vouchers top rated up and technological answers which include merchant and business providers.

“This transaction offers us with an possibility to monetise IGT’s current market management in the Italian proximity payment organization at an desirable worth as we proceed to execute our extended-phrase approach,” reported Vince Sadusky, IGT CEO.

“Streamlining our items and solutions portfolio enables us to concentrate our efforts and methods on our core and strategic property as we posture IGT for marketplace leadership and greater shareholder worth.”

IGT is a world-wide chief in gaming. It is stated on the New York Inventory Exchange underneath the buying and selling image “IGT,” and its keeping enterprise headquarters are in the United Kingdom, with running headquarters in Rome, Italy Las Vegas, Nevada and Providence, Rhode Island. The Company draws in the industry’s top rated talent, with close to 11,000 workers throughout the globe.

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