Playtech To Buy GTS
8th December, 2009
It has been announced that Playtech is to buy Gaming Technology Solutions for the sum of €10.8m, with consideration of up to €21.6m based on the future performance of the business according to eGaming Review. The software company GTS provides skill games.
The acquisition will compliment Playtech’s product portfolio enabling the company to expand into regulated and soon to be regulated countries, Italy and France.
Playtech’s chief executive Mor Weizer said, “Our agreement with GTS is a strategic move: it will enable us to work with a true open platform and integrate new games seamlessly. We have been looking to enhance our open content capabilities, and in effect become an aggregator of quality gaming content. Not many service providers can do that.”
GTS currently has licensing agreements with 15 European gaming companies and 30 online gaming brands which includes 10 operators that aren’t currently Playtech casino licensees such as Bwin and Unibet.
Weizer added, “The success of the games sections in sports betting operators sites is evident, and this deal will give Playtech greater exposure to what is one of the fastest growing industry segments. GTS has amongst its licensee base many of the most well established European sports betting operators and we look forward to developing closer ties with them,”
The acquisition will bring Playtech closer to having a full portfolio of egaming solutions supplying major online gaming verticals.
By Faye
