• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • 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 to focus on Advantage, licenses out Galaxis, System2Go
    IGT to focus on Advantage, licenses out...

    Dec 23, 2020  

  • IGT US$1bln sale in Italy aids valuation: Union Gaming
    IGT US$1bln sale in Italy aids...

    Dec 09, 2020  

More news
  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  

  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  


Latest News

Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Were China’s central government-backed digital yuan (CNY) to be adopted in Macau for casino chip transactions, it could in the long run benefit mass and premium-mass play, as cross-border money...
Read More
Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Melco likely to take on more debt for expansion: Moody’sMelco likely to take on more debt for expansion: Moody’s January 20, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us