Online Casino Software Giant Playtech Acquires Quickspin AB for $55 Million

Playtech acquires Quickspin

One of the largest online casino and gaming software developers, Playtech, has just announced the acquisition of a top Swedish game studio, Quickspin AB. This is a big move on behalf of Playtech, as they hope with this buyout they can solidify their market share and presence as they remain as one of the best suppliers of gaming and sports betting software.

Quickspin’s Rapid Rise in Online Gaming

The revenue generated by Quickspin and their online slots games have rapidly increased over the last few years they have been in business. They have continued to create and add more games to their portfolio, allowing them to quickly adapt to market changes and demand. They offer a total of 20 video slot games, including titles like:

The Wild Chase slots The Wild Chase (New)
Genies Touch slots Genies Touch
Second Strike slots Second Strike!
Razortooth slots Razortooth

It was thanks to these, and the other popular titles that got Playtech’s attention. They were unable to buy AvaTrade and Plus500 in the past, so this new acquisition will certainly help them achieve their goals.

Playtech’s Goal and Paying Millions

Playtech’s goal is rumored that with the help of Quickspin they will be able to appeal to real money players, as well as online social gamblers. They will primarily be focused on the Nordic market in Europe, but they could very well adapt the most popular games to the casinos that accept US players. The deal is worth $55.7 million, which will be split into two payments. As part of the deal, the masterminds and founders of Quickspin, Daniel Lindberg, Joachim Timmermans, and Mats Westerlund will remain with the company for at least 3 years.

Playtech’s CEO, Mor Weizer, had a comment about their latest acquisition,

“Quickspin is a fast-growing and leading supplier of the highest quality games to the highest quality operators, strengthening Playtech’s position as the leading platform and content provider in the industry. We look forward to working with the Quickspin team and to see the Quickspin brand continue to flourish within the Playtech family.”

Quickspin’s revenue for 2015 totaled €6.0 million, roughly $6.7 million. With a great reputation, gaming software, and a foothold in the market, it should be easy for Playtech to expand even more, and possibly take these games to other online casinos.

Comments