Gaming device firm with Oklahoma operations acquired in $1.3 billion deal

Video Gaming Technologies Inc., which has a manufacturing facility in Tulsa, produces gaming devices. It brought $1.3 billion with its acquisition by an Australian company.
By John Stancavage, Tulsa World Published: July 7, 2014
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Video Gaming Technologies Inc., which has a large manufacturing facility in Tulsa, appears to have struck the jackpot with its $1.3 billion acquisition by an Australian company.

Sydney-based Aristocrat Leisure Ltd., also a maker of gaming devices, announced the deal for closely held Video Gaming Technologies on Monday.

Video Gaming Technologies was founded in 1991 by Jon Yarbrough. It has become the industry leader in class II gaming machines, which are based on a bingo-style strategy where users play against each other. Class III gamers compete against the house.

Video Gaming Technologies is based in Franklin, Tenn., and builds most of its games in Tulsa. Last August, it moved into a 114,000-square-foot plant at 12000 E Skelly Drive.

The company employs about 250 people in Tulsa, out of a total of about 350 throughout Oklahoma. Companywide, the company employs 650 people.

‘Expanding its footprint’

“We are very excited about the deal,” spokeswoman Deborah Dwyer said in a telephone interview. “This is not about Aristocrat finding synergies for cutbacks, but more about expanding its footprint in the United States. It should be great for us.”

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