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Giant-Led Consortium to Acquire Caesars Lobstermania 2 Slot Game’ Playtika for $4.4 Billion

Wednesday, December 11th, 2019

Giant-Led Consortium to Acquire Caesars’ Playtika for $4.4 Billion

A small grouping of Chinese businesses, led by Shanghai Giant Network tech Co., Ltd. affiliate, has emerged as the preferred buyer of social casino video gaming designer Playtika. The consortium has consented to pay the total amount of $4.4 billion for the gaming lobstermania slot studio that is israel-based.

Playtika was created this year and had been purchased by Caesars Interactive Entertainment a later year. The organization started out with ten workers and has slowly grown to now employ a lot more than 1,000 individuals. Playtika ended up being among the first, if you don’t the first, company to offer casino that is social. According to skillfully developed, it currently holds the biggest share in the rapidly growing $3-billion social casino market. Playtika has over 6 million daily active players from 190 countries around the world.

When Caesars Interactive igt slots lucky larry’s lobstermania 2011 full Entertainment, subsidiary of major gambling operator Caesars Entertainment Corp., purchased the overall game developer, it thought that it was a fantastic and profitable company to go along with its World group of Poker brand and its own real-money interactive division. Nonetheless, it offers recently been established that the online gambling operator would offer off the company in a bid to raise cash for the huge financial obligation it has been dealing with for quite a while now.

The number of Chinese companies to purchase Playtika includes Shanghai Giant system tech Co., Ltd. (more…)