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Read a statement from Sala…“The transaction enables IGT to monetize its leadership positions in the Italian business-to-consumer gaming machine, sportsbetting and digital spaces at an attractive multiple to comparable Italian transactions, providing us with enhanced financial flexibility. The two agreements come after as many public procurement processes by the government-owned lottery company. We are confident that Playtech’s proven VLT and online casino expertise in a wide range of regulated markets will continue to provide great value for Norsk Tipping and support us in the delivery of our overall content strategy....

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Localized content:Meanwhile, the VLT deal will see Playtech provide its range of VLT games to Norsk Tipping’s terminals situated throughout Norway, while the two companies will also work together to create “unique custom content” for the Scandinavian country’s market.British lotter 24 7 live casinoy and gaming machines innovator International Game Technology (IGT) has announced the signing of an agreement that is to see it offload a pair of wholly-owned Italian subsidiaries for approximately €950 million (.L) has inked a pair of commercial deals with Norway’s national lottery, Norsk Tipping, that will see it supply the Norwegian firm with a selection of video lottery terminals (VLTs) and online casino products....

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Aligning with our re” The agreements will result in each of the product areas being extended and expanded....

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Arrears appeasement:IGT additionally revealed that it expects the first stage of this arrangement to have been completed by the end of June and will subsequently utilize the proceeds from the sale of its Italian business-to-consumer gaming machine, sportsbetting and digital gaming establishments to reduce overall company debt.For its part, Norsk Tipping’s Head of Gaming Operations Hans Erland Ringsvold, added…“We are excited to continue our partnership with Playtech and look forward to launching their strong roadmap of online casino and VLT games on our platforms. Launched earlier this month as a limited exclusive with Buzz Bingo, the new game features a Sticky Wilds mechanic, along with a built-in modifier that gives players a choice of six separate extra games modes, as well as the chance to choose volatility....

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It also highlights our strategy of focusing on long-term partnerships with leading operators in regulated markets. We are confident that Playtech’s proven VLT and online casino expertise in a wide range of regulated markets will continue to provide great value for Norsk Tipping and support us in the delivery of our overall content strategy.”Growing partnership:The two deals also enhance the long-term strategic partnership between Norsk Tipping and Playtech, with the latter having supplied the operator with online casino games since 2016 and terminals, games, VLT platforms, and services since 2003....