M&A News

US gaming supplier Scientific Games has completed its acquisition of Tech Art, a leading supplier of hole-card readers for blackjack in land-based casinos.

First announced in October, the acquisition of Tech Art includes the supplier’s innovative MAXTime 4H product, a combination of a blackjack hole-card reader and a chip tray, as well as proprietary table games Super Fun 21 and Bet the Bust.

Scientific Games said that the MAXTime 4H product in particular will help casinos across the world to increase play speed and enhance the security of blackjack games. Tech Art’s MAXTime devices are already in use at over 11,000 tables worldwide.

"We are excited to welcome Tech Art into the Scientific Games family,” said Derik Mooberry, Scientific Games group chief executive of gaming. “This acquisition is yet another example of our continued investment in solutions that help the company better partner with our casino customers and offer the broadest portfolio of innovative products in the industry."

Following its big-money deal for NYX Gaming Group, Tech Art becomes the latest bolt-on acquisition for Scientific Games, alongside recent purchases including social bingo studio Spicerack Media, design studio Red7 Mobile, table games specialist DEQ and lottery retail solutions provider Lapis Software.

Shares in Scientific Games Corporation (NSQ:SGMS) closed down 3.37 per cent at $53.00 per share in New York Wednesday following the release of the company’s preliminary financial results for 2017.