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Gtech Lottery, Gaming Units May be Split in Sale
If Gtech Holdings Inc. is sold, as recent reports suggest, it may be
marketed in pieces to buyers interested in its global lottery operations
and gaming equipment business, analysts told Bloomberg News.
The Wall Street Journal published a report Tuesday indicating Gtech
received an "unsolicited expression of interest" from Goldman Sachs
Group Inc.’s private equity unit. Gtech, the world’s biggest seller of
computerized lottery systems, told Bloomberg News Monday it was
considering an "unsolicited takeover offer" from a potential bidder it
declined to name.
Gtech said yesterday it hired Citigroup Inc.’s Citigroup Global
Markets to advise independent members of its board about a potential
The WSJ said Goldman Sachs is trying to enlist joint bidders
including Providence Equity Partners and Carlyle Group. Several private
equity firms have rejected offers to be included in the buyout group,
the newspaper said.
Private equity firms may acquire the online systems
Gtech uses to run lotteries worldwide, Legg Mason Wood Walker Inc.
analyst Steven Wieczynski wrote today. International Game Technology,
the world’s biggest maker of slot machines, is a potential buyer of
Gtech’s gaming operations that include video machines in Harrah’s
Entertainment Inc. casinos, he said.
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2005 Online Casino News