It was a few months ago now that we first reported here at MobileCasino.net on GTECH’s interest in acquiring one of our favourite mobile companies, Probability. The latter company, who offer games through third parties in addition to their own brand casinos including Moobile Games and LadyLucks, will continue to operate as a GTECH subsidiary going forward.
In what appears to be a good deal for both parties, the final price for the takeover was set at £18 million, representing a premium on the share price.
Commenting on the acquisition, Renato Ascoli, GTECH’s President of Products and Services, said: “With the mobile gaming market poised for significant growth over the next several years, we view the acquisition of Probability as a logical stepping stone for advancing our mobile gaming strategy both internationally and in the US, particularly for new and existing WLA customers and commercial customers. Probability’s unique content service offerings and its exclusive game development and management platform will further advance our mobile strategy.”
Charles Cohen, CEO at Probability, also commented, saying: “This acquisition will facilitate the immediate pooling of knowledge and expertise currently within GTECH and Probability, allowing us to accelerate deployment of existing game technology into the mobile market as well as pursue cross-selling opportunities. The combination of GTECH’s global presence coupled with the market efficacy of our integrated solutions will position us to take advantage of Gaming 2.0 – the next critical phase of the gaming market characterized by the dominance of mobile.”
For existing players, this means business as usual as both LadyLucks and Moobile Games will continue to offer their unique brand of mobile casino gaming. You can find out all about what they have to offer in our full and thorough reviews here on the site, including information on bonuses, promotions and much more.