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Giant-Led Consortium to Acquire Caesars Lobstermania Slots’ Playtika for $4.4 Billion

Thursday, December 12th, 2019

Giant-Led Consortium to Acquire Caesars’ Playtika for $4.4 Billion

A group of Chinese organizations, led by Shanghai Giant system Technology Co., Ltd. affiliate, has emerged because the chosen lobstermania slot machine free download buyer of social casino gaming developer Playtika. The consortium has decided to spend the quantity of $4.4 billion for the gaming studio that is israel-based.

Playtika was founded in 2010 and was bought by Caesars Interactive Entertainment a later year. The company started out with ten employees and has now slowly grown to now employ significantly more than 1,000 people. Playtika was one of the primary, if not the very first, company to supply casino that is social. In accordance with skillfully developed, it currently holds the share that is biggest within the quickly growing $3-billion social casino market. Playtika has lobstermania slot machine free over 6 million day-to-day active players from 190 countries across the world.

When Caesars Interactive Entertainment, subsidiary of major gambling operator Caesars Entertainment Corp., purchased the game designer, it thought it was a fantastic and lucrative company to accompany its World Series of Poker brand as well as its real-money interactive division. However, it has already been established that the internet gambling operator would sell off the company lobstermania slots app in a bid to raise cash for the huge financial obligation it was dealing with for quite a while now.

The band of Chinese businesses to purchase Playtika includes Shanghai Giant system tech Co., Ltd. affiliate Giant Investment (HK) Limited; China Oceanwide Holdings Group Co., Ltd.; Yunfeng Capital, a personal equity firm founded by Jack Ma, creator and Chairman of Alibaba Group; CDH China HF Holdings Company Limited; Asia Minsheng Trust Co., Ltd.; and Hony Capital Fund. (more…)