Welcome to my online directory, this area is great for SEO descriptions!

eGaming Society
eGaming Directory, The Directory for iGaming Businesses and Jobs!

Playtech buys Mobenga

Playtech Limited, an iGaming software giant and Mobenga AB, a mobile platform developer signed a deal which will see Playtech buying all the issued share capitals of Mobenga.

An starting fee of approximately €8 million will be paid by Playtech subject to the final working capital adjustments financed from its existing cash resources.

Skybet.com, NordicBet.com, PaddyPower.com, StanJames.com and UniBet.com are some major brands that are clients of Mobenga AB. By late 2013, Playtech will have to pay another payment which will be based on 6 times the profit before tax capped for that year at €15.8 million.

Mobenga is based in Stockholm and was founded in late 2005.  In the 2nd quarter of 2011, Mobenga achieved profitability and from now on, they expect to see a full year profit. Mobenga’s mobile solution delivers a sportsbetting offering to mobile devices like the smartphones ranging from tablets, iPhone’s iOS, HTML and Android enabled devices.

Mor Weizer, Playtech’s Chief Executive Officer stated that “recent developments in mobile gaming are increasingly important in driving player acquisition and delivering demonstrable revenue streams.”

“Sportsbetting has always been the core product for many operators and one which creates different cross-selling opportunities to other gaming products. This deal will position Playtech as the leading mobile gaming provider to take best advantage of the growth in mobile gaming and to integrate sportsbetting alongside its existing mobile casino, poker and bingo offerings providing the operators the ability to offer a complete multi-product mobile gaming solution.

“The Mobenga team has successfully developed and rapidly deployed a flexible solution that is highly regarded by many of the industry’s largest operators and are growing its licensee base strongly. By integrating such a proven and sophisticated mobile platform into our offering and gaining access to the excellent skills and know-how of the Mobenga team, we continue our strategy of positioning Playtech as the preeminent independent software provider. We are delighted to welcome Mobenga into the Playtech family.”

eGaming Society is a fully comprehensive iGaming Directory and iGaming Job Board for the eGaming Society. Whether you are in the Industry, or a igaming supplier, eGaming Society is an ideal reference for the Gaming Industry.

Leave a Comment

Leave a Reply

You must be logged in to post a comment.