LONDON, April 7, 2015 /PRNewswire/ -- The cross-border
merger of GTECH with and into its U.K. subsidiary International
Game Technology PLC became effective at 12:01 a.m. British Summer Time (BST) on
7 April 2015, and immediately
thereafter the acquisition of U.S.-based International Game
Technology was completed. The combined companies will now be known
as International Game Technology PLC (IGT PLC) with corporate
headquarters in London, and
operating headquarters in Rome,
Italy; Providence, Rhode
Island; and Las Vegas,
Nevada. The shares of IGT PLC (NYSE: IGT) will commence
trading today, 7 April 2015.
Cautionary Statement Regarding Forward-Looking
Statements
This communication may contain forward-looking statements
(including within the meaning of the Private Securities Litigation
Reform Act of 1995) concerning International Game Technology PLC
("IGT PLC") and other matters. These statements may discuss goals,
intentions and expectations as to future plans, trends, events,
results of operations or financial condition, or otherwise, based
on current beliefs of the management of IGT PLC as well as
assumptions made by, and information currently available to, such
management. Forward-looking statements may be accompanied by words
such as "aim," "anticipate," "believe," "plan," "could," "would,"
"should,", "shall", "continue", "estimate," "expect," "forecast,"
"future," "guidance," "intend," "may," "will," "possible,"
"potential," "predict," "project" or the negative or other
variations of them. These forward-looking statements are subject to
various risks and uncertainties, many of which are outside IGT
PLC's control. Should one or more of these risks or uncertainties
materialize, or should any of the underlying assumptions prove
incorrect, actual results may differ materially from those
predicted in the forward-looking statements and from past results,
performance or achievements. Therefore, you should not place undue
reliance on such statements. Factors that could cause actual
results to differ materially from those in the forward-looking
statements include (but are not limited to) risks that the
businesses of International Game Technology and GTECH S.p.A. will
not be integrated successfully, following the recent completion of
their business combination, or that the combined companies will not
realize estimated cost savings, value of certain tax assets,
synergies, growth or other anticipated benefits or that such
benefits may take longer to realize than expected; risks relating
to unanticipated costs of integration of the two companies;
reductions in customer spending; a slowdown in customer payments
and changes in customer demand for products and services;
unanticipated changes relating to competitive factors in the
industries in which the company operates; ability to hire and
retain key personnel; the potential impact of the consummation of
the business combination on relationships with third parties,
including customers, employees and competitors; ability to attract
new customers and retain existing customers in the manner
anticipated; reliance on and integration of information technology
systems; changes in legislation or governmental regulations
affecting the company; international, national or local economic,
social or political conditions that could adversely affect the
company or its customers; conditions in the credit markets; risks
associated with assumptions the company makes in connection with
its critical accounting estimates and legal proceedings; and the
company's international operations, which are subject to the risks
of currency fluctuations and foreign exchange controls. The
foregoing list of factors is not exhaustive. You should carefully
consider the foregoing factors and the other risks and
uncertainties that affect the company's business, including those
described in IGT PLC's registration statement on Form F-4 and other
documents filed from time to time with the Securities and Exchange
Commission (the "SEC"). Except as required under applicable law,
the company does not assume any obligation to update these
forward-looking statements. Nothing in this announcement is
intended, or is to be construed, as a profit forecast or to be
interpreted to mean that earnings per IGT PLC share for the current
or any future financial years will necessarily match or exceed the
historical published earnings per IGT PLC share, as applicable. All
forward-looking statements contained in this communication are
qualified in their entirety by this cautionary statement. All
subsequent written or oral forward-looking statements attributable
to IGT PLC, or persons acting on its behalf, are expressly
qualified in its entirety by the cautionary statements contained
throughout this communication.
About IGT:
IGT (NYSE: IGT) is the global leader in gaming. We enable
players to experience their favorite games across all regulated
segments and channels, from Gaming Machines and Lotteries to
Interactive and Social Gaming. Leveraging a wealth of prime
content, substantial investment in innovation, in-depth customer
intelligence, operational expertise and leading-edge technology,
our gaming solutions anticipate the demands of consumers wherever
they decide to play. We have a well-established local
presence and relationships with governments and regulators in more
than 100 countries around the world, and create value by adhering
to the highest standards of service, integrity, and responsibility.
IGT has approximately $6 billion in
revenues and more than 13,000 employees. For more
information, please visit www.merger.igt.com.
Contact:
Robert K.
Vincent, Corporate Communications, (401) 392-7452
James Hurley, Investor Relations,
(401) 392-7190
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SOURCE International Game Technology PLC (IGT)