IGT finalizes iSoftBet purchase


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IGT finalizes iSoftBet purchase

International Game Technology is buying iSoftBet by paying 160 million euros in cash.

Both brands entered into this agreement this year during April. With this deal IGT will have twice more of its content library.

In accordance with this deal IGT’s PlayDigital catalog will have almost 225 games. With the help of iSoftBet’s platform, IGT’s interactive arm is going to expand and the brand will have the opportunity to produce third-party games. Besides IGT will be offered some of the provider’s tools.

“By purchasing  iSoftBet we will be given a variety of complementary features such as content, tools,  analytics, data and many more. Additionally PlayDigital is going to be improved by having content portfolio from both Europe and North America,”

explained Sadusky IGT’s chief executive officer.

Sandusky had the responsibility to oversee the development of their new profile, marking his first merger and acquisition under his leadership; he praised iSoftBet’s “market-proven” content.

During this whole process Oakvale Capital was the main financial advisor, alongside  Lipton, Rosen & Katz working as advisors.

IGT

ItalyUnited KingdomUSA

IGT holds the prominent position of being a worldwide frontrunner in the realm of gaming. Its mission encompasses the provision of enjoyable and accountable gaming encounters for players through a div...

iSoftBet

United Kingdom

iSoftBet is a high-quality online casino solutions provider and aggregator. With one simple API, the company can supply its operator partners with its rich portfolio of games, consisting of more than ...

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