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Bally Technologies goes social with Dragonplay acquisition

5th June 2014 1:30 pm GMT

US gaming supplier Bally Technologies has entered the social casino sector after completing the acquisition of Tel Aviv-based studio Dragonplay in a deal worth up to US$100m.

The companies are understood to have been engaged in talks for some time, with Bally executives reportedly flying out to Israel to finalise the deal earlier this week.

Bally will pay approximately $51m in cash up-front and will also pay Dragonplay’s shareholders a sum in [...]

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