West Greenwich-based Gtech Holdings Corp., the world’s biggest supplier of online gaming
systems and services, said it won’t need to build a new
manufacturing plant in West Warwick, Rhode Island.
Gtech plans to upgrade its existing manufacturing plant in West Greenwich, Rhode Island, instead, spokeswoman Angela Wiczek
said.
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The company also said that talks to sell its world
headquarters campus in West Greenwich to Amgen Inc. have ended.
Amgen, the world’s biggest biotechnology company, no longer has an
interest in buying the campus, Gtech said in a statement. Gtech is
still committed to a new world headquarters in Providence.
“Under the circumstances, GTECH has reached a point where the company needs to prepare for the future,” said Bruce Turner, president and chief executive at GTECH, in a statement. “That means expanded and manufacturing capacity and a world headquarters better suited to meet our planned growth and achieve our strategic initiatives. “We remain firmly committed to the development of a new GTECH world headquarters in Providence,” he added. “We believe that the proposal outlined in the Memorandum of Understanding signed by Governor Carcieri and Mayor Cicilline and GTECH and endorsed by the General Assembly leader allows us to accomodate our future needs in Rhode Island.”
Shares of West Greenwich, Connecticut-based Gtech fell 43 cents to $33.75 as of 4:16 p.m. in New York Stock Exchange
composite trading Monday. They have gained 17 percent in the past year.
Bloomberg News
