• 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 declares interim dividend of US$0.92

Dec 18, 2014 Newsdesk Industry Talk, Latest News  


GTech declares interim dividend of US$0.92

Italian lottery supplier GTech SpA announced on Wednesday a EUR0.75 (US$0.92) per share interim dividend, payable on January 21, 2015, for a total payout of approximately EUR130 million.

“The dividend is payable to all outstanding shares, including those currently being offered to shareholders through January 9, 2015, resulting from the exercise of cash exit rights,” the company said in a statement.

The board resolution was based on GTech’s financial statements as of November 30. As of that date, the firm reported year-to-date net profit of EUR227 million, and total equity and liabilities of EUR5.6 billion, according to Wednesday’s statement.

GTech is in the process of acquiring U.S.-based International Game Technology (IGT) for US$6.4 billion. The deal is due to be completed in the first half of 2015.

“Shareholders who validly exercised their cash exit rights are not entitled to receive the dividend,” the lottery supplier said.

The Italian firm said the dividend distribution was agreed to by IGT in accordance with the terms of the merger deal.

“The parties have agreed that such dividend should be paid on or after January 15, 2015, in lieu of the ordinary course dividends that may otherwise be paid by GTech in accordance with the merger agreement,” GTech said.

IGT and the lottery firm further agreed that GTech shall not pay any other dividend to its shareholders prior to the closing of the transaction.

GTech also said in the statement it had reorganised its Italian units by transferring a number of holdings to its fully owned Lottomatica Holding Srl subsidiary.


  • tweet
Related articles
  • IGT’s 4Q revenue up as gaming sales rise 21pct
    IGT’s 4Q revenue up as gaming sales...

    Feb 28, 2023  

  • IGT and Novomatic’s Greentube in patent licensing deal
    IGT and Novomatic’s Greentube in...

    Jan 19, 2023  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us