27/01/2011, Online casino

The online gaming software company Playtech, based in the Isle of Man, has announced the purchase of the UK software-based casino management systems company Intelligent Gaming Solutions Ltd (IGS) for ₤2.5 million and up to a possible additional ₤3 million in long-sterm payments from the company's cash resources.

The IGS is a rapidly growing provider of software based casino management systems to land-based casinos. The IGS installed systems in nine land-based casinos, including in the Aspers Group properties in the United Kingdom and the Regency Casinos in Greece.

The IGS has developed a system that delivers real-time analysis of the gaming floor, allowing casinos to monitor all gambling activities, covering all aspects of gaming operation.

Playtech's Chief Executive, Mor Weizer commented: "We continue to position Playtech as the independent software provider of choice with market leading integrated technology. We see this deal as increasing Playtech's unique competitive advantage and cross-platform capabilities.

"The IGS management team has a long track record in the development of such systems and we are delighted to welcome them into the Playtech family. They will enhance our capabilities in a product area which will further our attractiveness to land-based operators" he added.