Playtech has continued diversifying its business portfolio by acquiring a 90 percent stake in Austria-based Best Gaming Technology for a fee of €138 million.
The deal was announced to the London Stock Exchange, where Playtech is listed, a fortnight ago, and revealed Best Gaming Technology’s Chief Executive and founder Armin Sageder retains the remaining 10 percent of the company, and will remain in his current role for at least three years after the deal is formally completed.
Best Gaming Technology (BGT) provides sports betting software for gaming and sports betting companies, and includes Ladbrokes, Paddy Power Betfair, and William Hill among its long list of clients.