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IGS ACQUIRED BY PLAYTECH

Posted 1/24/11 : Deal will increase Playtech's competitive advantage and cross-platform capabilities
 
Playtech has announced the acquisition of Intelligent Gaming Solutions (IGS).
 
The purchase has been made for a consideration of an initial amount of GBP 2.5 million and a further consideration based on the profitability of the IGS business over the next three years capped at a further GBP 3.0 million.  The initial amount has been financed from Playtech’s existing cash resources.
 
IGS is a provider of software based casino management systems to land-based casinos and has installed systems in nine casinos, including the Aspers Group properties in the UK and the Regency Casinos in Greece.
 
IGS has developed an enterprise-level suite of casino management software which manages table gaming, poker, and slots including cashless gaming CRM, loyalty, and cash desk operations. It offers an operator modern scalable architecture and the ability to manage its gaming business information through a single application. The system delivers real-time analysis of the gaming floor and helps optimise CRM efforts, achieving enhanced player value.
 
 Playtech reports that the acquisition brings a highly regarded management team and software development capability in a business area that is complementary to its existing business, in particular Videobet, and enhances Playtech's cross platform capability. As land-based operators look to develop an online presence, the casino management system provides a gateway to the integration of both formats in an integrated and seamless solution across all channels.
 
 Mor Weizer, Playtech Chief Executive said:
 
"The convergence of land-based and online segments is becoming a key theme in the industry and we continue to position Playtech as the independent software provider of choice with market leading integrated technology. We see this deal as increasing Playtech's unique competitive advantage and cross-platform capabilities."
 
 "The IGS management team has a long track record in the development of such systems and we are delighted to welcome them into the Playtech family. They will enhance our capabilities in a product area which will further our attractiveness to land-based operators."
 
 IGS founder, Martin Sykes, added:  "This deal will underpin the growth of IGS and we very much look forward to the future as part of the Playtech team, contributing to the development of a leading cross-platform solution.
 
“Playtech's Videobet software has set new standards in server-supported gaming and the IGS solution will extend the Videobet portfolio throughout the land-based operation."



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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