M&A news sponsored by Playtech

 

Playtech has acquired the entire issued share capital of PT Turnkey Services Limited (PTTS) for an initial cash consideration of €140m, in a deal which will allow the company to own a wide range of affiliate service providers that it claims will significantly enhance its commercial proposition and competitive position in the expanding online gaming marketplace.

As part of the company’s expansion strategy, Swedish online gaming operator Redbet Holding AB has acquired i4poker, an Entraction-powered gaming site aimed at the Eastern European market.

Despite concluding an agreement earlier this month with investment firms Penta Investment Group and E-Invest designed to draw a line under insolvency issues surrounding the company, Czech gaming operator Sazka has received new bids this week from two of the company’s main creditors.

Looking to position the company as the independent software provider of choice for both the land-based and online gaming markets, Playtech Limited has acquired Intelligent Gaming Solutions (IGS), a provider of software based casino management systems to land-based casinos, in a deal worth up to £5.5m.

South Africa’s Competition Tribunal has unconditionally approved the proposed merger between two of the country’s leading gaming operators, Gold Reef Resorts Limited and SABMiller owned Tsogo Sun Holdings Limited – almost one year to the day after the initial merger was announced.

Ireland’s Paddy Power said Thursday that it has obtained approval from the Treasurer of the Commonwealth of Australia regarding the company’s planned acquisition of the remaining shares in Sportsbet, Australia’s largest corporate bookmaker.

Online payment processor Neovia Financial plc has announced the acquisition of Optimal Payments, a Canadian online payments business, for a total consideration of up to US$50m.

Following last year’s acquisition of server-based gaming specialist Inspired Gaming Group, independent private equity firm Vitruvian Partners has made a further move in the gaming industry, backing a management buyout of NDS Group’s wholly owned subsidiary OpenBet, the online betting and gaming software provider.

GIQ Magazine Digital Edition