Gaming Technology Solutions (GTS) is a skill game developer and they are going to be bought out by Playtech, the gaming software company. The purchase price initially is €10.8m and €21.6m may be offered based on the future performance of the business.

Playtech purchased the company to help expand their products to the regulated and markets that will soon be regulated, in areas such as France and Italy. The Chief Executive of Playtech Mor Weizer commented: “Our agreement with GTS is a strategic move: it will enable us to work with a true open platform and integrate new games seamlessly. We have been looking to enhance our open content capabilities, and in effect become an aggregator of quality gaming content. Not many service providers can do that.”

The GTS company has licensing agreements with thirty separate internet gaming brands as well as fifteen European gaming companies. The new deal will also allow Playtech to get in to the sportsbooks and other gaming product genres.

Weizer also commented: “The success of the games sections in sports betting operators sites is evident, and this deal will give Playtech greater exposure to what is one of the fastest growing industry segments. GTS has amongst its licensee base many of the most well established European sports betting operators and we look forward to developing closer ties with them.”



- 2009-12-09