skip to content

Bids, Mergers and Takeovers

Playtech acquires bingo solutions provider ECM Systems

21 October 2016 07:18

Playtech has acquired bingo software and hardware solutions provider ECM Systems for a total of £16m.

Playtech has paid about £14.9 million for 90% of the issued share capital of ECM.

The remaining 10%, which is subject to put and call options capped at £1.1 million, is held by Allen Richardson who will remain as CEO of the business for the next three years.

ECM supplies software and support services to the UK retail bingo market, including major operators Gala Leisure, Mecca Bingo and the leading independent bingo operators.

The deal positioned Playtech at the forefront of the retail bingo market in the UK.

"It also empowers Playtech to provide omni-channel solutions to the bingo operators by connecting their retail and online operations as well as providing a platform to supply Playtech content," the company said.

Story provided by StockMarketWire.com

Related Company: PTEC

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.