Playtech Acquires Eyecon in £50M deal

Online gambling giant Playtech has acquired Australian online slots provider Eyecon, which includes Eyecon Limited and Eyecon Pty. Ltd, in a £50 million deal.

Eyecon has developed many of the most recognizable slot games, especially for bingo, such as the famous Fluffy Favourites and follow-up, Fluffy Too. The history began in 1997 when the company was founded in Brisbane, Australia. It has since developed its own Remote Gaming Server (RGS), which is used to deliver its content to major bingo sites from the likes of other providers like Dragonfish.

Regarding the acquisition, Mor Weizer, Chief Executive Officer of Playtech, said: "We are delighted to continue the execution of our acquisition strategy by welcoming Eyecon to the Playtech Group. Eyecon adds premium quality games to Playtech's stable of industry leading content. We look forward to working with the Eyecon team who will bring robust technology and further industry expertise to the Playtech family.

"This acquisition is the latest in our strategy to acquire bolt-on technology and content in our key gaming markets, providing Playtech with even greater penetration and reach, as well as bringing additional regulated revenues to Playtech."

Scott Murray, Eyecon founder, commented: "I am delighted that Eyecon will be joining into the Playtech family. Integrating Eyecon's specialist games and software with Playtech's distribution power will allow us to penetrate new markets and retain our standard of best in class content.

"I would like to express my gratitude to the many talented people who have worked so hard over the last 20 years to make Eyecon a success. We look forward to building upon Eyecon's reputation for delivering gaming excellence and taking the next step in development with Playtech."

Source: 'Playtech PLC - PTEC Acquisition of Eyecon', February 7, 2017

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