International Game Technology (IGT) Plc reported that it has finally completed its previously announced acquisition of Malta-based online casino games provider iSoftBet, for approximately €160 million in cash.
The acquisition more than doubles the content library of IGT PlayDigital to about 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and leading data-driven promotional and user-engagement tools.
Oakvale Capital LLP acted as lead financial advisor to IGT. Wachtell, Lipton, Rosen & Katz served as legal advisor to IGT and KPMG LLP acted as tax and financial due diligence advisor to IGT.
M. Firon & Co. and Wiggin LLP served as legal advisor to iSoftBet. BDO Israel acted as independent registered public accounting and tax firm of iSoftBet.