News Column

Playtech Buys Video Lottery Terminal Units From Aristocrat Leisure

September 2, 2014

Sam Unsted

LONDON (Alliance News) - Playtech PLC Tuesday said it has struck a deal to buy video lottery terminal (VLT) businesses Aristocrat Lotteries AB and Aristocrat Lotteries Italia SRL from Australia-based Aristocrat Leisure Ltd.

The online gaming and sports betting software provider will pay EUR10.5 million for the Sweden- and Italy-based units, which provide a server-based gaming platform for VLTs and Casino (Class III) markets for two leading retail VLT operators in Norway and Italy under the TruServ brand.

VLTs are gaming machines which allow gamblers to bet on the outcome of a video game.

Playtech said the deal will position it as one of the leading suppliers of VLT systems in Europe and Latin America and will give its land-based division the opportunity to replicate the success it has had with its Videobet system in the UK.

Playtech shares were down 0.7% to 713.18 pence on Tuesday.

For more stories covering the world of technology, please see HispanicBusiness' Tech Channel

Source: Alliance News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters