Casino News: Acquisition of Ash Gaming by Playtech

Acquisition of Ash Gaming by Playtech

 December 21, 2011, 8:19 am (5 years ago)
Playtech online casino gaming software provider had recently acquired one of the independent software providers as Ash Gaming. For this purpose, Playtech will pay £23 million consideration to Ash Gaming. The acquisition of software of Ash Gaming is the fourth acquisition of Playtech in the present year, while tenth acquisition in total. Founded in the year 2002, Ash Gaming Company has significantly grown until now and at present has 40 employees. During the period of only one year, the profit of Ash Gaming has got doubled to £2.6 million.

Ash Gaming Company had shown a massive increase in revenue along with growth profile of EBITDA having high accelerating operating rate. As per Weizer, CEO of Playtech, “We are considering this as complementary strategic actions by having top class contents along with leading technology. By the acquisition of such significant gaming contents we will increase both our earnings and revenues across value chain”.
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