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Gtech in talks with International Game Technology

Italian lottery company Gtech in talks with US gaming company International Game Technology

Associated Press

NEW YORK (AP) -- Italian lottery operator Gtech says that it is in preliminary talks with Las Vegas casino gaming company International Game Technology about a potential deal.

Gtech did not specify what type of deal it was seeking.

IGT confirmed in a statement that it was currently exploring strategic alternatives, but it says no decisions have been made yet.

It doesn't plan to talk about the possible deal until the board makes a decision.

Rome-based Gtech SPA manages lotteries in the U.S., Italy, Spain and South America. IGT makes slot machines for casinos.

Shares of IGT are down 16 cents, or 1 percent, to $15.70 in afternoon trading.