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Playtech is to spend Euro 95 million on B2B Games
04/27/2012 : FURTHER DETAIL EMERGES ON PLAYTECH'S EURO 95 MILLION SPEND
CTXM, Slots Farm and Viaden Gaming all on software developer's social gaming shopping list
The news earlier this year that Playtech is to spend Euro 95 million on "certain B2B real money gaming and B2B social media assets" which it intends to purchase from companies associated with major shareholder Teddy Sagi has been followed by unofficial and anonymous disclosures that the properties involved are CTXM, Slots Farm and Viaden Gaming.
These disclosures have since been confirmed by Playtech CEO Mor Weizer, perhaps realising that the cat was out of the bag Friday.
The original Playtech statement regarding the as then unidentified assets, stressed that the deal would be subject to a vote by shareholders.
"Playtech has been monitoring social gaming activity operated by various companies through social networks and mobile platforms and has been analysing a number of ways to penetrate the social gaming arena," the software developer said in its earlier statement.
"By completing the intended transaction, Playtech would gain access to a broad range of social gaming platforms and products and believes it would be uniquely positioned as a leading B2B provider with the ability to supply cross platform capabilities for a full suite of products including social casino, poker, bingo and rummy."
The new disclosures indicate that CTXM and Slots Farm are acquisitions, whilst a 20 percent stake has been taken in Viaden, which recently shut down its Big Casino operation.
Unconfirmed reports suggest that Playtech is also in talks with an unknown number of sports book operators for social gaming platform content.
Oink Country Love Slot Launches -
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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