Published
Land-BasedMergers & Acquisitions

Playtech finally back in the M & A groove with BGT deal confirmed

Play

playtech2016
tech has bought a majority stake in BGT for €138m.

A total 90% share has been acquired by Playtech, while BGT founder and CEO Dr. Armin Sageder will keep hold of a 10% stake and will remain with BGT for three years from completion of the deal.

The remaining 10% could be bought by Playtech at a valuation of 6x BGT’s 2019 EBITDA, with a maximum consideration being €55m.

BGT’s products include more than 22,000 terminals as well as a tablet and screen system for retail.

When announcing the deal, Playtech said BGT’s “main product is its proprietary software for self-service betting terminals [SSBTs]”, meaning the deal will allow Playtech to expand its presence in that market, as it already lists server-supported terminals among its own product offerings.

Playtech CEO Mor Weizer said: “As the only company that will offer FOBTs and SSBTs, all integrated with the world’s leading online platform and products, Playtech will realise the potential of a true omni-channel offering for the benefit of both consumers and operators.”

M & A activity has been a common occurrence for Playtech recently, with deals last year including the purchases of GameMaker: Studio creator Yoyo Games for $16.4m and payment services provider Trade FX for an initial cash payment of €208m.

However, deals to buy trading platform Plus500 for an approximate £459.6m and Forex broker Ava Trade for $105m fell through in November.

Playtech was rumoured by The Telegraph to be in the race to buy OpenBet, which was snapped up by NYX Gaming Group for £270m in May, while The Sunday Times claimed in February it was interested in purchasing Amaya.
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Tipico
Flutter
Galaxy Gaming
Churchill Downs Incorporated
Follow Us

Global Gaming Awards Asia-Pacific: Going live

The Global Gaming Awards Asia-Pacific are set for their firs...

Preview: SiGMA Asia 2024

SiGMA’s annual Asia summit comes back to Manila – signif...

Company profile: Praxis Tech

Being payments ready in Asia - A call to action for iGaming...