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GTECH completes £18m Probability acquisition

6th May 2014 8:11 am GMT

Gaming and lotteries technology provider GTECH has completed its £18m (€21m) acquisition of London-listed mobile gaming operator and supplier Probability.

The acquisition was first announced in February this year when GTECH made an £18m offer for the business, subject to regulatory and shareholder approval.

Completion of the acquisition sees Probability and its wholly-owned businesses Probability Games Corporation, Probability (Gibraltar) and Playoo SA, act as subsidiaries of GTECH, with all existing employees being retained.

However, non-executive directors Mike Shinya, [...]

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