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We are confident that Playtech’s proven VLT and online casino expertise in a wide range of regulated markets will continue to provide great value for Norsk Tipping and support us in the delivery of our overall content strategy.British lotter free online poker 5 card drawy and gaming machines innovator International Game Technology (IGT) has announced the signing of an agreement that is to see it offload a pair of wholly-owned Italian subsidiaries for approximately €950 million (.The new online casino agreement will allow Norsk Tipping to access the Isle of Man-headquartered developer’s extensive range of innovative online casino games comprising its lineup of premier content studios including Ash Gaming, Vikings, Quickspin, Origins and Rarestone, the newest addition to the Playtech studios family....


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The New York-listed firm used an official Monday press release to detail that the arrangement for its Lottomatica Videolot Rete SpA and Lottomatica Scommesse Srl subordinates will involve buyer Gamenet Group SpA handing over an initial €725 million (8.52 million) before making a subsequent €100 million (1.Playtech plc (LSE:PTEC....


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15 billion) in cash. We are excited to continue supplying our strong roadmap of content to them as part of developing a market-leading, modern and responsible online and retail game offering to their players.Read a statement from Sala…“The transaction enables IGT to monetize its leadership positions in the Italian business-to-consumer gaming machine, sportsbetting and digital spaces at an attractive multiple to comparable Italian transactions, providing us with enhanced financial flexibility....


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Arrears appeasement:IGT additionally revealed that it expects the first stage of this arrangement to have been completed by the end of June and will subsequently utilize the proceeds from the sale of its Italian business-to-consumer gaming machine, sportsbetting and digital gaming establishments to reduce overall company debt. We are confident that Playtech’s proven VLT and online casino expertise in a wide range of regulated markets will continue to provide great value for Norsk Tipping and support us in the delivery of our overall content strategy.”...


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It also highlights our strategy of focusing on long-term partnerships with leading operators in regulated markets.”Growing partnership:The two deals also enhance the long-term strategic partnership between Norsk Tipping and Playtech, with the latter having supplied the operator with online casino games since 2016 and terminals, games, VLT platforms, and services since 2003. We are confident that Playtech’s proven VLT and online casino expertise in a wide range of regulated markets will continue to provide great value for Norsk Tipping and support us in the delivery of our overall content strategy....