IGT To Enhance On-line Slots Catalog With $174 Million iSoftBet Acquisition

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London-based Worldwide Sport Know-how (IGT) is sort of the multitasking firm.

On April 6, it was responding to a Rhode Island courtroom about why it ought to rule on the US Division of Justice‘s 2018 anti-iGaming interpretation of the Wire Act.

On April 11, IGT introduced it was buying London-headquartered iGaming content material supplier iSoftBet for €160 million in money ($174 million US).

IGT CEO Vince Sadusky mentioned on April 11:

“This can improve [IGT] PlayDigital’s aggressive capabilities with a confirmed, complementary content material portfolio throughout Europe and North America as we offer best-in-class video games and know-how to our fast-growing iGaming clients.”

Certainly, IGT has its origins within the retail slots and lottery know-how sectors. Its historical past dates again to 1975, lengthy earlier than on-line playing existed in any respect. Nonetheless, it’s also a drive in iGaming and on-line sports activities betting know-how, and rising its concentrate on these merchandise. The iSoftBet deal represents a big increase to its on-line slots catalog.

IGT, iSoftBet deal brings 225 proprietary video games

The acquisition means IGT’s titles, like Wheel of Fortune, Ghostbusters and Cleopatra slots, will likely be joined by iSoftBet’s variations on Maintain and Win, Megaways, Ultrabet and Megaboard.

IGT’s US on-line on line casino video games can be found to on-line gamblers in 5 states by way of “main on-line gaming operators,” IGT mentioned on March 21 in its announcement about coming into the West Virginia iGaming market.

In that state, IGT anticipated bettors to care about video games equivalent to:

  • Fortune Coin
  • Siberian Storm
  • Cleopatra
  • Final X Poker

FanDuel and Penn Nationwide Gaming are amongst IGT’s operator companions who could profit from the deal.

Along with iSoftBet’s 125 proprietary video games, IGT is gaining greater than 4,600 third-party video games on iSoftBet’s aggregation platform.

The deal is slated to be finalized in Q2 2022.

Earlier than information of the deal registered with traders on April 11, IGT inventory was $22.80. It rose to $23.55as of market shut yesterday.