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Playtech to pay €140m for strong performance of PTTS

27th July 2012 7:14 am GMT

Gaming software and services provider Playtech said Friday that the strong performance of PT Turnkey Services Limited (PTTS), which it acquired in March 2011, has triggered the accelerated payment of an additional consideration of €140m.

As per the acquisition terms, Worldwide Online Enterprises Ltd will receive an additional consideration of €140m from Playtech, having achieved an annualised adjusted EBITDA in excess of €40 million in the first two quarters of 2012, a 100 per cent increase [...]

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