Playtech is expanding fast, and now they bought no less than 90% of the shares of Best Gaming Technology for €138 million.
Playtech is a gambling software development company, providing software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games. They have been running since 1999 and have been growing ever since. Its revenu in 2015 was €630,1 million, and Playtech states that it is “The world's largest gambling software and services supplier”.
Best Gaming Technology (BGT) is a retail technology company established in Austria.BGT provides software for gaming and sports betting companies. Some of their clients are William Hill and Paddy Power Betfair.
The take-over of BGT will help with the development of the Playtech ONE omni-channel product, which will allow players to get access on any place to any product of channel with the use of one account and wallet.
BGT CEO and founder Armin Sageder will keep the remaining 10% of the shares. He will keep his current position for at least three years after the deal is complete.