Playtech set to continue acquisitions in the Balkans and South East Europe

Gambling software group Playtech looks set to continue its acquisition spree, saying it is seeking more deals this year on the back of continued strong revenue growth, as per the report from Financial Times.

The Balkan and South East Europe market is of interest to Playtech, as its cooperation with LA Business led by Lambros Christofi has had some successful results in the past.

The company, founded by Israeli billionaire Teddy Sagi, said it “continues to focus on [mergers and acquisitions] to augment organic growth” after spending €240m on a series of deals in 2016. Further acquisitions may be funded by its cash pile of €545m.

This month it acquired Australian bingo software group Eyecon for £50m, and last year it bought rival operator Best Gaming Technology (BGT) for €138m.

Based partly on a report by the Financial Times