IGT signs deal with $3.5 billion Baha Mar resort

Slot machine giant IGT - International Game Technology signed a deal with the $3.5 billion Baha Mar resort in the Bahamas to provide games to half of the casino’s slot machine floor.

IGT will install more than 500 of the company’s slot machines and deploy its management system in the casino, which is set to open later this month.

Terms of the deal were not announced.

Baha Mar will have casino floor that is more than 100,000 square feet. The development will include several hotels, restaurants, a golf course, retail shops, a spa, pools and beach.

IGT is being sold to lottery provider GTECH Holdings for $6.4 billion. The deal is expected to close April 7 and GTECH will be renamed IGT.