Canadian Gaming Software Firm In Bid To Acquire German Rival

Having failed in a bid for Chelbis, Toronto-based Contagious Gaming has its sights on Digitote

Thwarted in a bid to take over the UK online bingo supplier Chelbis recently, the Toronto-based online gambling software developer Contagious Gaming has signed a letter of intent to acquire the well-established German sportsbook software provider Digitote.
In a press statement advising its intentions, management at Contagious said the Digitote deal was worth Euro 5 million, to be paid through a mix of cash on hand, Contagious shares and a vendor arrangement.
Explaining the rationale behind the deal, Contagious Gaming CEO Peter Glancy said the acquisition of Digitote's technology would be invaluable in expanding his company's sportsbook product for a wider range of clients.
"The acquisition of Digitote expands Contagious Gaming's sports betting offering by enabling us to provide our customers with a multi-channel live in-play and pre-match fixed odds sports betting platform alongside our proprietary in-play pari-mutuel Goal Time offering," Glancy said.
"Digitote's software has a 30-year history as an extremely robust sports betting platform with a proven track record of handling over $10 billion of web, mobile and land-based wagers throughout Europe."
Digitote's Xturf B2B platform is used by major European operators like Betcenter and Digibet.

Online Casino News Courtesy of Infopowa

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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 astrophography.

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