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China LotSynergy Holdings Limited and International Game Technology Announce Strategic Alliance in China Lottery Market.

Publication: PR Newswire
Publication Date: 02-MAY-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HONG KONG and RENO, Nev., May 2 /PRNewswire-FirstCall/ -- China LotSynergy Holdings Limited and International Game Technology today announced that China LotSynergy Holdings Limited ("CLS") and International Game Technology ("IGT") have entered into a strategic alliance through a Subscription Agreement and a Technical Cooperation Agreement on May 1, 2007.

Pursuant to the agreements, IGT will invest approximately US$103 million in CLS, partly in the form of equity and partly in the form...



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