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GTECH Corporation
GTECH Corporation was a gaming technology company based in Providence, Rhode Island, United States. It was acquired in 2006 for $4.5 billion by Lottomatica of Italy, which later changed its own name to GTECH. Ticker symbol GTECH's ticker symbol on the New York Stock Exchange was GTK; however, the stock has been delisted. Headquarters GTECH Corp. moved its corporate headquarters from its campus in West Greenwich, Rhode Island to an $80 million, 10-story building in downtown Providence near Waterplace Park Waterplace Park is an urban park situated along the Woonasquatucket River in downtown Providence, Rhode Island at the original site of the Great Salt Cove. Finished in 1994, Waterplace Park is connected to 3/4 mile of cobblestone-paved pedestrian .... GTECH S.p.A. operates on all continents except Antarctica, and it employs over 8,500 individuals worldwide in 52 countries. The company has customers in 114 countries and had revenues of 3.08 billion euro in 2012, an increase ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ...
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Electronic Money
Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital currencies include cryptocurrency, virtual currency and central bank digital currency. Digital currency may be recorded on a distributed database on the internet, a centralized electronic computer database owned by a company or bank, within digital files or even on a stored-value card. Digital currencies exhibit properties similar to traditional currencies, but generally do not have a classical physical form of fiat currency historically that you can directly hold in your hand, like currencies with printed banknotes or minted coins - however they do have a physical form in an unclassical sense coming from the computer to computer and computer to human interactions and the information and processing power of the servers that store and ...
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Gambling Companies Of The United States
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universa ...
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Companies Based In Providence, Rhode Island
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial ...
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Waterplace Park
Waterplace Park is an urban park situated along the Woonasquatucket River in downtown Providence, Rhode Island at the original site of the Great Salt Cove. Finished in 1994, Waterplace Park is connected to 3/4 mile of cobblestone-paved pedestrian walkways along the waterfront known as Riverwalk. Venice-styled Pedestrian bridges cross the river. Most of Riverwalk is below street level and automotive traffic. Waterplace Park and Riverwalk together are host to Providence's popular summertime Waterfire events, a series of bonfires lit on the river accompanied by classical and world music. File:Skyline from Waterplace.jpg, Waterplace Park in 2009 File:Waterplace, Providence.jpg, Waterplace Park in 2008. File:Waterplace Park Providence.jpg, The Woonasquatucket River forms the center of the park See also * List of contemporary amphitheatres *Waterfire WaterFire is a sculpture by Barnaby Evans presented on the rivers of downtown Providence, RI. It was first created by Evans in 1994 ...
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West Greenwich, Rhode Island
West Greenwich is a town in Kent County, Rhode Island, United States. The population was 6,528 at the 2020 census. West Greenwich was named for the historic town of Greenwich, Kent, England. It was separated from East Greenwich in 1741. Students go to Exeter-West Greenwich Regional School in West Greenwich. Geography According to the United States Census Bureau, the town has a total area of , of which, of it is land and of it (1.34%) is water. Escoheag Hill is located within the town and is the site of a former ski area. Wickaboxet State Forest is also located in West Greenwich. Demographics At the 2000 census there were 5,085 people, 1,749 households, and 1,451 families in the town. The population density was . There were 1,809 housing units at an average density of . The racial makeup of the town was 97.70% White, 0.28% African American, 0.24% Native American, 0.57% Asian, 0.24% from other races, and 0.98% from two or more races. Hispanic or Latino of any race were ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, sec ...
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Lottomatica
International Game Technology PLC (IGT), formerly Gtech S.p.A. and Lottomatica S.p.A., is a multinational gambling company that produces slot machines and other gambling technology. The company is headquartered in London, with major offices in Rome, Providence, Rhode Island, and Las Vegas. It is controlled, with a 51 percent stake, by De Agostini. Italian gambling company Lottomatica acquired Gtech Corporation, a US gambling company, in August 2006, and later changed its own name to Gtech. Gtech managed many state and provincial lotteries in the US and had contracts with local and national lotteries in Europe, Australia, Latin America, the Caribbean, and Asia. In 2015, the company acquired American gambling company International Game Technology and again adopted the acquired company's name as its own. Current holdings With the 2006 acquisition of Gtech, the company increased its global business activities due to a permanent presence of its employees in several countries throu ...
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Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ...
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International Game Technology
International Game Technology PLC (IGT), formerly Gtech S.p.A. and Lottomatica S.p.A., is a multinational gambling company that produces slot machines and other gambling technology. The company is headquartered in London, with major offices in Rome, Providence, Rhode Island, and Las Vegas. It is controlled, with a 51 percent stake, by De Agostini. Italian gambling company Lottomatica acquired Gtech Corporation, a US gambling company, in August 2006, and later changed its own name to Gtech. Gtech managed many state and provincial lotteries A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of ... in the US and had contracts with local and national lotteries in Europe, Australia, Latin America, the Caribbean, and Asia. In 2015, the company acquired American gambling company Internation ...
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Online Poker
Online poker is the game of poker played over the Internet. It has been partly responsible for a huge increase in the number of poker players worldwide. Christiansen Capital Advisors stated online poker revenues grew from $82.7 million in 2001 to $2.4 billion in 2005, while a survey carried out by DrKW and Global Betting and Gaming Consultants asserted online poker revenues in 2004 were at $1.4 billion. In a testimony before the United States Senate regarding Internet Gaming, Grant Eve, a Certified Public Accountant representing the US Accounting Firm Joseph Eve, Certified Public Accountants, estimated that one in every four dollars gambled is gambled online. Traditional (or " brick and mortar", B&M, live, land-based) venues for playing poker, such as casinos and poker rooms, may be intimidating for novice players and are often located in geographically disparate locations. Also, brick and mortar casinos are reluctant to promote poker because it is difficult for them to profit f ...
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