Thread regarding International Game Technology layoffs

Bankruptcy Filing

Here in NYC we are hearing rumors of a possible Bankruptcy Filing. My manager mentioned it but told us to keep it quiet.

What is anyone hearing ?

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Post ID: @OP+15UAoIM6

8 replies (most recent on top)

GTECH ran this company into the ground? Seriously?!?!

Everything was fine at GTECH until they acquired IGT and all their debt, then everything went down the drain. GTECH should have let IGT fail on their own, but now two companies are falling apart because of this terrible decision.

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Post ID: @25rxz+15UAoIM6

My belief is that IGT Vegas office will permanently shut down by the end of the year. IGT will simply break the lease, pay the early termination of lease penalties, and walk away. I did a sweep of the building a week ago and there are about 10 people in the entire building.

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Post ID: @1tmtl+15UAoIM6

Anyone out there know if IGT is struggling to pay their bills (utilities)?

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Post ID: @1crvi+15UAoIM6

GTech ran this great company into the ground. They absolutely didn’t manage this company well at all, it’s sad because IGT used to be the number one gaming company out there. Now Aruze even makes better games.

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Post ID: @isey+15UAoIM6

I heard the same thing. I heard possible bankruptcy because the company cannot afford to pay their bills as well. I heard from a confidential source that the company is in dire straights right now.

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Post ID: @ihoq+15UAoIM6

I left before I was let go. Best advice I can give anyone...

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Post ID: @8rnr+15UAoIM6

I know of bill's that are over due. Some services being cut off. Due dates being negotiated.

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Post ID: @1wxm+15UAoIM6

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