IGT agrees €160m iSoftBet acquisition
Supplier giant to bolster content output with proprietary and third-party games in all-cash deal
IGT is set to acquire supplier iSoftBet in a €160m all-cash deal to more than double its PlayDigital content library.
The Las Vegas-based firm will add approximately 225 of iSoftBet’s proprietary games to its offering, as well as taking ownership of its third-party game aggregator.
The acquisition is set to complete during Q2 2022, subject to standard customary closing conditions being met.
Oakvale Capital is acting as lead financial advisor to IGT.
Vince Sadusky, IGT CEO, said: “The acquisition of iSoftBet will provide market-tested proprietary digital content, advanced game aggregation capabilities, scalable promotional tools, analytics and strong creative talent to IGT’s PlayDigital operations.
“This will enhance PlayDigital’s competitive capabilities with a proven, complementary content portfolio across Europe and North America as we provide best-in-class games and technology to our fast-growing igaming customers,” he added.
Earlier this year, Marco Sala, former CEO of IGT, became chair of the board while Sadusky became CEO.
EGR has contacted iSoftBet for comment.