Online Gambling Games Developer Sold
By Casinomeister, Last updated Aug 17, 2017
Private equity firm IBID Group acquires Pragmatic Play
The Malta-based online gambling games developer Pragmatic Play has been acquired for an undisclosed consideration by the Hong Kong and London-based private equity group IBID, which says it intends to grow the company into a leader in the business-to-business sector of the industry through key partnerships with other providers.
The new owner plans to bolster the current senior management team by recruiting and appointing experienced managers from providers who service the land casino industry.
IBID’s founder and chief executive David Barzilay said in a statement announcing the deal that Pragmatic Play has high growth potential and will develop good returns for his investors as it is expanded and improved.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
