IGT has successfully acquired the software firm iSoftBet in an impactful transaction amounting to €160 million.

Hot on the heels of The recent industry buzz centers on Evolution's surprising announcement of their intent to purchase the developer Nolimit City. News has surfaced of another substantial acquisition deal, fresh from the news desks. This time, it's IGT, an internationally recognized corporation, that has closed a deal to acquire the iGaming content provider. iSoftBet .

According to IGT's statements, the €160 million acquisition will significantly boost its PlayDigital offerings, more than doubling its content library to approximately 225 games, while also inheriting a comprehensive game aggregation platform. iSoftBet, a relatively young company established in the 2010s, boasts multiple offices in various countries, including Malta, Romania, the UK, the Philippines, and Cyprus.

This deal with iSoftBet marks the inaugural merger and acquisition under Vince Sadusky, who has recently taken on the role of Group Chief Executive. His goal includes revamping the company's digital presence. During the announcement in April, Sadusky commented:

“By acquiring iSoftBet, we will gain market-approved digital content, advanced tools for aggregating games, scalable promotional features, insightful analytics, and robust creative expertise, all contributing to IGT's PlayDigital operations. This acquisition strengthens PlayDigital's competitive edge, offering Europe and North America's expanding iGaming clientele access to premier games and technology.”

As it stands, iSoftBet holds a diverse array of over 150 proprietary games that cater to a wide spectrum of players, ranging from traditional favorites to innovative new offerings. The studio also offers more than 8,000 third-party game titles via its aggregation platform, enabling online casinos to integrate with a wide array of over 80 online game developers. Pragmatic Play , ELK Studios , Hacksaw Gaming , Nolimit City , Stakelogic including several others. Among iSoftBet's notable gaming offerings are a selection of licensed titles, Hold&Win games, Twisted Tales slots, and an array of additional choices. Megaways slots This latest acquisition joins a series of evolutions and strategic decisions that IGT has embarked upon since its inception in 1990. The company initially known as Lottomatica rebranded to Gtech following the acquisition of a US gambling entity in 2006, further evolving by acquiring another US company, International Game Technology, in 2015, thereby changing its name once more. Based in London, the company maintains additional offices located in Rhode Island, Las Vegas, and Rome.

The recent purchase of iSoftBet follows an earlier deal in February where IGT agreed to sell its Italian proximity payment division to PostePay – Patrimonio Destinato for €700 million. IGT noted that proceeds from this transaction were intended to help reduce corporate debt.

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