International Game Technology (IGT) announced on Monday that it plans to close its technology facility in Corvallis, Oregon.
The location was once the home of Acres Gaming Inc., a slots manufacturing company that was founded by John Acres in 1990. IGT first developed a strategic relationship with Acres Gaming in 1997 and fully acquired the company in 2003.
The plant closing will result in the loss of 57 jobs, mostly software engineers and information technology professionals. Some of the workers will be given an opportunity to relocate to an IGT facility in Las Vegas.
IGT described the move as one of cost-saving through consolidation.
While being operated by John Acres, the company developed the Acres Bonusing System.
The annual IGT shareholders meeting will be held on Tuesday, March 2 at 7:30 a.m. in the Masters Pavilion Meeting Room at Bear’s Best Las Vegas, 11111 W. Flamingo Road in Las Vegas.