Playtech Gambling Software Acquires Eyecon for Bingo Content

Published Wednesday, February 08, 2017 - Online-Casinos.com
Playtech Gambling Software Acquires Eyecon for Bingo Content

Playtech is the world's largest online gaming software supplier traded on the London Stock Exchange Main Market, offering cutting-edge, value added solutions to the gambling industry's leading operators. Since Playtech was founded in 1999, its approach has been a focus on the continual development of the best gaming products and content, and its success built upon solid partnerships with the licensees. Those licensees include Betfair, bet365, William Hill, Paddy Power and Sky online gambling operators.

Since 2001 Playtech has grown and added more  products to its portfolio including Live Casino, Bingo network, iPoker network, land-based offering, Videobet and Mobile Casino. In July of 2016 Playtech acquired rival operator Best Gaming Technology for €138m and in 2017 Playtech moved on Romania with the opening of its casino studio based in Bucharest designed to provide live casino games for the local internet betting market. Playtech has recently acquired Eyecon, an online gaming slots software company, for £50m, including £25m in cash which is reportedly eight times Eyecon’s current earnings.

Headquartered on the Isle of Man, Playtech employs over 5000 in thirteen countries and regions it made 136.3 million euro in 2015. Playtech is attempting with this purchase of Eyecon’s collection to extend its ability to provide more titles to its customers. Eyecon has a defined focus on bingo fans and has an assortment of more than 70 games, including ‘Fluffy Favourites’.

Mor Weizer Chief Executive Officer of Playtech, commented, “This acquisition is the latest in our strategy to acquire bolt-on technology and content in our key gaming markets, providing Playtech with even greater penetration and reach, as well as bringing additional regulated revenues to Playtech.” “Integrating Eyecon’s specialist games and software with Playtech’s distribution power will allow us to penetrate new markets and retain our standard of best in class content, he said.”  Adding, “Integrating Eyecon’s specialist games and software with Playtech’s distribution power will allow us to penetrate new markets and retain our standard of best in class content, he said.

 

 

 

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