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.

Acquisition will more than double IGT PlayDigital’s 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.

About 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.

About IGT

IGT (NYSE: IGT) is a global leader in gaming. 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

Caution Regarding Forward-Looking Statements

This press release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) regarding International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss objectives, intentions and expectations regarding future plans, trends, events, dividends, results of operations or financial condition, or otherwise, based on the current beliefs of the Company’s management as well as only assumptions made by, and information currently available to, this management. Forward-looking statements may be accompanied by words such as “aim”, “anticipate”, “believe”, “plan”, “could”, “would”, “should”, “should”, “continue”, “estimate”, “expect”, “plan”, “future”, “direction”, “intend”, “may”, “will”, “possible”, “potential”, “predict”, “project” or the negative or other variations thereof. These forward-looking statements speak only as of the date such statements are made and are subject to various risks and uncertainties, many of which are beyond the control of the Company. If one or more than one of these risks or uncertainties materialize, or if any of the underlying assumptions prove incorrect, actual results could differ materially from those projected in the forward-looking statements and from past results, performance or achievements. should not place undue reliance on these statements. Factors that could cause that actual results may differ materially from those in the forward-looking statements include (but are not limited to) an inability to satisfy the conditions to complete the transaction described in this release within the time anticipated, if any, and the factors and risks described in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021 and other documents filed from time to time with the SEC, which are available on the SEC’s website at ‘address and on the investor relations section of the Company’s website at Except as required by applicable law, the Company undertakes no obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties affecting the business of the Company. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Phil O’ShaughnessyGlobal Communications, Toll Free USA/Canada +1 (844) IGT-7452 and outside the USA/Canada +1 (401) 392-7452
Francesco LutiItalian media inquiries, +39 06 5189 9184
James HurleyInvestor Relations, +1 (401) 392-7190

SOURCE International Game Technology PLC

Source link

Comments are closed.