The slot machine manufacturer International Game Technology, better known as IGT, is the world leader in its market sector. However, it is also active in the online casino industry.
The company is currently looking to expand further in this area.
That’s why it reached an agreement last April to buy the talented iSoftBet software in its entirety. We have just learned that this famous acquisition valued at 160 million euros was finally finalized.
Slot machine manufacturer seeks to expand into online games
Created during the year 2001, iSoftBet software offers games using a random number generator that are extremely pleasant to play. In its attractive game library, there are some traditional tables and video poker but also and above all slot machines.
Among them are Gold Digger Megaways, Rise of the Genie and Wolf Canyon. To discover its unquestionable know-how, we mainly recommend the excellent Betzino.
For its part, IGT is mainly turned towards the manufacture of slot machines for land-based casinos. It is the company that launched the mythical Wheel of Fortune range, which is surely the most popular internationally.
He also offers the famous Megabucks progressive jackpot which still holds the historical record of 39.7 million dollars in winnings.
At the moment, it is looking to expand further in the online gaming sector, following among other things its excellent business results recorded during the year 2021. At present, the group is licensed in a number of different jurisdictions including Malta, Belgium, Greece and the United Kingdom.
IGT’s PlayDigital library grows to over 225 games
The acquisition of iSoftBet stands out as IGT’s first online casino-focused merger-acquisition since the purchase of Probability in 2014. With it, IGT doubles its PlayDigital game library, which now hosts about 125 additional games to reach a total of around 225. In addition, it is also establishing itself as a content aggregator, which allows it to deploy games developed by third-party publishers as well.
The group intends to take advantage of iSoftBet’s expertise in online casino games to help it in its ambitions to establish itself in the future as a major player in this highly competitive market sector.
At present, it already supplies its products to more than 250 operators across the globe. Its aggregation platform includes more than 4,600 titles from some of the best software in the industry.
IGT officials have said that the current iSoftBet company structure will remain intact and that the company’s 350 employees will be able to continue their work. The main goal of the group is to implement even more ambitious growth targets.