IGT considers sale of games developer
Barcrest, a high profile remote gambling content provider in the UK, could be offered up for sale by parent group IGT following a strategic review, reports the publication MenMedia.
The company has appointed London-based Global Leisure Partners to handle the review, with a price of GBP100 million rumoured. Barcrest was bought from the Bass group in 1998 for GBP42 million, has a staff complement of 300 people and an annual turnover of GBP40 million.
Barcrest is based in Ashton under Lyne in the Manchester region of Great Britain but has operations across Europe. It supplies machines to pubs, bingo halls, betting shops, arcades and private members' clubs and provides content for remote gaming via mobile devices, the internet and interactive digital TV.
A spokeswoman for Global Leisure Partners confirmed it has been retained by IGT to conduct a strategic review of Barcrest, which may or may not lead to a disposal. "We are contacting a number of parties that may have a potential interest," she added.
IGT also owns Manchester-based online and mobile gaming company Million-2-1, for which it paid a multi-million pound sum in 2008.