Playtech's Latest Acquisition

Playtech continues to make news in the gaming sector as they have agreed to acquire Gaming Technology Solutions Ltd. The deal has Playtech paying over $10 Million EUR plus more than $21 Million in further considerations. The addition of Gaming Technology Solutions (GTS) will allow Playtech to expand their markets even further since GTS offers games of skill. Playtech will now be able to expand into markets like Italy and France. “Our agreement with GTS is a strategic move: it will enable us to work with a true open platform and integrate new games seamlessly.” Playtech chief executive Mor Weizer said, “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.”

Playtech is looking to move into the egaming market and the addition of GTS makes that possible. Playtech already supplies gaming software to customers all over the world and with GTS they will be able to expand into the sportsbook area. “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.” Weizer added.

Playtech has been providing software for online casino games since its beginning in 1999, and as can be seen by their latest addition, they are not resting on their laurels.