International Game Tech. announced sale of Barcrest Group

May 2, 2011 8:42 PM

International Game Technology (IGT) has announced the sale of its Barcrest Group slot manufacturing facility in Europe to Scientific Games Corporation (SGMS) for approximately $55 million.

The sale is expected to close during the third fiscal quarter of 2011.

Based on preliminary results for the current fiscal year, Barcrest had operating income of roughly $9 million on revenues of approximately $73 million.

Also, IGT announced it had developed an agreement with a Caribbean company to supply it with several thousand video lottery terminals, as well as connecting systems.