International Game Technology PLC announces agreement to acquire iSoftBet
IGT PlayDigital content library will more than double to around 225 first-party games
Will provide IGT PlayDigital with an advanced third-party game aggregation platform
LONDON, April 11, 2022 /PRNewswire/ — International Game Technology PLC (NYSE:IGT) (“IGT”) today announced that it has entered into a definitive agreement to acquire iSoftBet, a leading igaming content provider and third-party game aggregator , for approximately 160 million euros in cash.
The acquisition will more than double the IGT PlayDigital content library to approximately 225 first-party games, in addition to providing a world-class first-party game aggregation platform to distribute third-party games and promotion and engagement tools data-driven users.
“The acquisition of iSoftBet will provide market-tested proprietary digital content, advanced game aggregation capabilities, scalable promotional tools, analytics and strong creative flair to IGT’s PlayDigital operations,” mentioned Vince SaduskyCEO of IGT. “This will strengthen PlayDigital’s competitive capabilities with a proven and complementary content portfolio across Europe and North America as we deliver best-in-class games and technology to our fast-growing igaming customers.”
The acquisition is expected to close in the second quarter of 2022, subject to the satisfaction of customary closing conditions.
Oakvale Capital LLP is acting as lead financial advisor to IGT. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to IGT and KPMG LLP is acting as tax and financial due diligence advisor to IGT.
M. Firon & Co. and Wiggin LLP acting as legal counsel to iSoftBet. BDO Israel acts as an independent registered accounting and tax firm of iSoftBet.
iSoftBet is a leading igaming content provider and third-party game aggregator. For fiscal year 2021, iSoftBet generated revenue of approximately €30 million and EBITDA of approximately €8 million. The iSoftBet portfolio contains approximately 125 proprietary games and over 4,600 third-party games through the proprietary iSoftBet game aggregation platform. With main offices in England, Maltaand Romaniaand around 350 employees and contractors, iSoftBet has around 260 igaming operators as customers and its games are certified by 20 European regulators.
IGT (NYSE:IGT) is a global gaming leader. We provide entertaining and responsible gaming experiences for players across all regulated channels and segments, from lotteries and gaming machines to sports and digital betting. Leveraging a wealth of compelling content, substantial investments in innovation, player insights, operational expertise and cutting-edge technology, our solutions deliver unparalleled gaming experiences that engage players. players and stimulate growth. We have a well-established local presence and relationships with governments and regulators in over 100 countries around the world, and create value by adhering to the highest standards of service, integrity and accountability. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.
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Phil O’ShaughnessyGlobal Communications, Toll Free USA/Canada +1 (844) IGT-7452 and outside the USA/Canada +1 (401) 392-7452
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SOURCE International Game Technology PLC