Noting that slot machines now represent less than a third of the company's revenue, this week Green sent certified letters to IGT's Board and Executive Chair, Marco Sala, asking for a meeting with the Board of Directors to discuss strategic opportunities for both companies.Ī long-time casino industry operative, Gary Green is a former Vice President of Trump Hotels & Casinos as well as the best-selling author of "Osceola's Revenge: The Phenomena of Indian Casinos", and the star of the upcoming television series, " Casino Insider". "We have reached the point that our new Private Equity entity can present a Highly Confident Letter and several strategic possibilities that we believe will appeal to IGT's shareholders and potentially win the endorsement of Deutsche Bank, Macquarie Capital, and Mediobanca -the company's financial advisors," explained Green, Gary Green Gaming, Inc., Tuesday, June 13, 2023, Press release pictureįollowing an announcement last week by IGT's Board of Directors to explore the possible sale, merger, spin-off, or other strategic value propositions for their slot machine business, Green began forming a syndicate of Native American Tribes and Chinese investors as sponsors for the project.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |