• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GTech approves share buyback plan

Jul 01, 2014 Newsdesk Industry Talk, Latest News, Top of the deck, World  


GTech approves share buyback plan

Milan-listed GTech SpA on Monday said it would undertake a share repurchase programme to fulfil management stock incentive plans. The company’s board approved the buyback of up to 1,782,426 of its own shares, GTech said in a statement.

GTech is a commercial lottery operator and provider of technology in regulated gaming markets, including slot machines under the SPIELO brand.

Based on Monday’s closing price of EUR17.85, GTech would pay about EUR31.8 million (US$43.6 million) for approximately 1 percent of its share capital.

“By September 30, 2014, the programme will be executed in full independence by a financial institution mandated for this purpose,” the company said in the statement.

“This maximum amount represents the number of shares required to fulfil management stock incentive plans of the stock granting type currently outstanding,” it added.

Last month, GTech confirmed talks to buy New York-listed gaming supplier International Game Technology (IGT).


  • tweet
Related articles
  • Tenders on 58pct of US$120mln in Naga notes up for rebuy
    Tenders on 58pct of US$120mln in Naga...

    Nov 15, 2022  

  • Naga note buy offer not distressed exchange: Moody’s
    Naga note buy offer not distressed...

    Nov 07, 2022  

More news
  • Macau govt sets junket cap per casino operator for 2024
    Macau govt sets junket cap per casino...

    Sep 25, 2023  

  • Sands China partners with Kakao Pay to lure S.Korean visitors
    Sands China partners with Kakao Pay to...

    Sep 25, 2023  


Latest News

Macau govt sets junket cap per casino operator for 2024

Macau govt sets junket cap per casino operator for 2024

Sep 25, 2023  

The Macau government has made public the maximum number of licensed gaming promoters – also known as ‘junkets’ – that each of the city’s casino operator will be able to work with in...
Read More
Sands China partners with Kakao Pay to lure S.Korean visitors

Sands China partners with Kakao Pay to lure S.Korean...

Sep 25, 2023  

Wynn Macau Ltd cancels K-pop festival scheduled for Oct

Wynn Macau Ltd cancels K-pop festival scheduled for Oct

Sep 25, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"We [estimate] that these illegal [currency exchange] transactions account for somewhere between 50 percent to 60 percent [of Macau's annual gross gaming revenue]”

Ben Lee

Managing partner at IGamiX Management and Consulting



Most Popular

  • Any Macau clamp on money changing may hurt GGR: punditsAny Macau clamp on money changing may hurt GGR: pundits September 25, 2023
  • Macau govt sets junket cap per casino operator for 2024Macau govt sets junket cap per casino operator for 2024 September 25, 2023
  • Strong Macau hotel bookings for autumn Golden WeekStrong Macau hotel bookings for autumn Golden Week September 22, 2023
  • Wynn Macau Ltd cancels K-pop festival scheduled for OctWynn Macau Ltd cancels K-pop festival scheduled for Oct September 25, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us