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PLAYTECH LANDS ANOTHER ACQUISITION

London-listed online gambling software and games developer Playtech plc has made another acquisition, clinching a $1.75 million deal with Win Gaming Media Inc., to buy subsidiary MIXTV Limited, a provider of mass multiplayer (MMP) live gaming technology for use in interactive television and Internet applications.
 
In addition to acquiring MIXTV, Playtech has signed a license and service agreement with parent Win Gaming Media, a service provider for key players in the gaming arena, such as Virgin Media Television (part of Virgin Media, the UK's leading entertainment and communications company) and Teletext.
 
By bringing advanced MMP functionality into its capabilities, Playtech will enhance an already strong position in live gaming. MIXTV's patented technology delivers advanced user experience and quality live streaming products accessible via a unique combination of TV and Internet media by bringing interactive gaming content to the mass market.
 
The company anticipates that the asset acquisition is a further opportunity to expand the range of platforms it offers to its current licensees and for attracting new operators.
 
A Playtech statement notes that the purchase of MIXTV underlines Playtech's strategy of acquisitive and organic growth. The company continues to seek further acquisitions and promises to be opportunistic in this regard, bearing in mind the need for due diligence. The statement also hints that another acquisition affiliated with the current deal is in prospect, with progress in vetting and negotiations continuing.
 
Playtech CEO Mor Weizer, commented on the company's latest deal, saying: "As the leading software provider to the online gaming industry, the acquisition of MIXTV mass-multiplayer live gaming solutions enables us to further extend our products portfolio, making our products available on all forms of interactive media. We are excited about the potential this presents for further enriching our range of platforms and the new cross selling opportunities the live gaming products create for our existing and potential new licensees. We are looking to continue realising our vision of enriching our products offering through new best in class innovative products."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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