IGT has entered into a definitive agreement to acquire iSoftBet for approximately €160 million in cash.
The acquisition will more than double the IGT PlayDigital content library to 225 proprietary games, in addition to providing a proprietary game aggregation platform to distribute third-party games, and data-driven promotional and user-engagement tools.
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.”
The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions.