Best Gaming Technology Acquired by Rival Playtech

Published: July 14, 2016; 12:30 · (FriedlNews)

Vienna-based maker of software for self-service betting terminals Best Gaming Technology (BGT) has been acquired by UK gambling software group Playtech for €138m. Playtech holds the option to purchase the remaining shares for up to €55m from Armin Sageder, the company’s founder and chief executive.

Armin Sageder: CEO of Best Gaming Technology / Picture: © Best Gaming Technology GmbH

Playtech said it had bought 90 per cent of BGT in an all-cash deal, with the option to purchase the remaining shares for up to €55m from Armin Sageder, the company’s founder and chief executive.

Armin Sageder, Chief Executive Officer of BGT, who started his company in 2005, will remain at the group for at least three years.

Mr. Sageder commented, “When I founded…

This article includes a total of 292 words.

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