IGT acquires iSoftBet software for $174 million
International Game Technology, better known as IGT, is currently the most important slot machine manufacturer in the world.
For several years now, it has also been active in the online casino industry. It is precisely with the aim of improving its position in this particular sector that it has just concluded a definitive agreement to acquire iSoftBet.
This is a famous gaming software using a random number generator that specializes mainly in online slots.
IGT's $174 million acquisition of iSoftBet
At the moment, IGT seems well motivated to greatly expand its online gaming business. This strategy follows the excellent commercial results of the group in this field during the year 2021. It is confirmed today with the acquisition of iSoftBet.
In order to acquire this prestigious RNG software, IGT will have to pay a modest sum of 174 million dollars in cash, which corresponds to about 160 million euros. With this acquisition, it will further enhance its online game catalog by adding about 125 more titles for a total of about 225.
Of course, IGT will also be able to get its hands on iSoftBet's aggregation platform, which should help it distribute its content to its customers. This platform already hosts more than 4,600 games developed by third-party publishers.
Indeed, this group is mainly active in the land-based casino world. In particular, it is known for its Wheel of Fortune slot machine range, which is one of the most popular in the world.
They also offer the famous Megabucks progressive jackpot, which still holds the historical record of winning. Recorded in 2003 at the Excalibur Hotel and Casino on the Las Vegas Strip, it allowed one player to win over $39.7 million.
iSoftBet: a great software to discover at Cresus Casino
Founded in 2001, iSoftBet works with over 260 operators in 20 regulated markets. Active in the field of RNG games, it offers some traditional tables and video poker. However, it is mainly its slot machines that attract attention.
Among its most famous games are Gold Digger Megaways, Legend of Loki and Jumbo Stampede. To discover its expertise, we advise mainly on the online casino Cresus. The latter also hosts slot machines signed Pragmatic Play, Betsoft, Netent, Play'n GO and Quickspin for example.
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