Giant-Led Consortium to obtain Caesars’ Playtika for $4.4 Billion
A small grouping of Chinese businesses, led by Shanghai Giant system Technology Co., Ltd. affiliate, has free slot machine game lobstermania emerged whilst the preferred buyer of social casino gaming developer Playtika. The consortium has consented to spend the total amount of $4.4 billion for the gaming studio that is israel-based.
Playtika had been started this season and was purchased by Caesars Interactive Entertainment a 12 months later on. The business started off with ten employees and contains slowly grown to now employ a lot more than 1,000 people. Playtika was one of the free slot machines lobstermania primary, if not the initial, business to provide casino that is social. Based on skillfully developed, it currently holds the biggest share in the rapidly growing $3-billion social casino market. Playtika has over 6 million day-to-day active players from 190 nations across the world.
Whenever Caesars Interactive Entertainment, subsidiary of major gambling operator Caesars Entertainment Corp., purchased the overall game developer, it believed that it was an excellent and lucrative company to go with its World Series of Poker brand and its own real-money interactive division. But, it’s been already announced that the web gambling operator would lobstermania 2 slot game offer from the business in a bid to increase cash for a huge debt it’s been dealing with for quite a while now.
The band of Chinese businesses to buy Playtika includes Shanghai Giant Network Technology Co., Ltd. affiliate Giant Investment (HK) Limited; China Oceanwide Holdings Group Co., Ltd.; Yunfeng Capital, an equity that is private created by Jack Ma, founder and Chairman of Alibaba Group; CDH China HF Holdings Company Limited; Asia Minsheng Trust Co., Ltd.; and Hony Capital Fund. [Read more…] about Giant-Led Consortium to obtain Caesars’ Playtika for $4.4 Billion Free Casino Lobstermania Slots