LONDON, July 5, 2022 /PRNewswire/ — International Game Technology PLC (NYSE:IGT) (“IGT”) announced today that it has completed the previously announced acquisition of iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately 160 million euros in cash.
Acquisition more than doubles IGT PlayDigital content library to approximately 225 first-party games, plus provides a world-class first-party game aggregation platform to distribute third-party games and promotion and engagement tools data-driven users.
Oakvale Capital LLP acted as lead financial advisor to IGT. Wachtell, Lipton, Rosen & Katz acted as legal advisor to IGT and KPMG LLP acted as tax and financial due diligence advisor to IGT.
Mr. Firon & Co. and Wiggin LLP acted as legal advisors to iSoftBet. BDO Israel acted as iSoftBet’s registered independent accounting and tax firm.
IGT (NYSE: IGT) is a global leader in gaming. We provide entertaining and responsible gaming experiences for players across all regulated channels and segments, from lotteries and gaming machines to sports and digital betting. Leveraging a wealth of compelling content, substantial investments in innovation, player insights, operational expertise and cutting-edge technology, our solutions deliver unparalleled gaming experiences that engage players. players and stimulate growth. We have a well-established local presence and relationships with governments and regulators in over 100 countries around the world, and create value by adhering to the highest standards of service, integrity and accountability. IGT has approximately 10,500 employees. For more information, visit www.igt.com.
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SOURCE International Game Technology PLC