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Slot giant IGT in talks to acquire Cyberview
Slot machine giant International Game Technology said late Tuesday the company is in preliminary discussions to acquire European rival Cyberview for $70 million.
Both parties have agreed to an exclusive negotiating period and discussions are in the early stages, according to a statement.
Cyberview, which is headquartered in London, has offices in Las Vegas but does not have a Nevada gaming license. A gaming source said the company was expected to be on today’s Gaming Control Board agenda, but the item was pulled from consideration.
A gaming analyst said late Tuesday acquiring Cyberview would give Reno-based IGT another notch in the push to bring high-tech server-based gaming to slot machines throughout North America.