Playtech buys Best Gaming Technology for 138m

Teddy Sagi

Teddy Sagi's Austrian rival provides software services for 24,000 gambling machines, mainly in Europe.

Online gaming platform developer Playtech plc (LSE:PTEC), controlled by Teddy Sagi, has acquired a 90% stake in Austrian rival Best Gaming Technology (BGT) for 138 million in cash.

Best Gaming Technology provides software solutions for sports betting and will enhance Playtechs omni-channel offering and drive digitalization of retail clients The company's clients include Betfred, Codere, Coral, Ladbrokes, Paddy Power Betfair and William Hill and it provides software services for 24,000 gambling machines, mainly in Europe.

Playtech CEO Mor Weizer said BGT is the leading provider of sports betting software and solutions for gaming and sports betting operators in what is one of the fastest growing verticals of our industry. BGT offers the markets most sophisticated retail sports solution which is also both modularized and flexible, allowing Playtech to quickly integrate with its own platform.

Published by Globes [online], Israel business news - www.globes-online.com - on July 13, 2016

Copyright of Globes Publisher Itonut (1983) Ltd. 2016

 
Teddy Sagi
Teddy Sagi
Twitter Facebook Linkedin RSS Newsletters Israel Business Conference 2018