Scientific Games to expand with DEQ Systems
Scientific Games has reached an agreement to acquire DEQ Systems, a company that provides games and solutions to casinos around the world.
Under the deal, Scientific Games will acquire all of DEQ’s issued and outstanding common shares for C$0.38 (€0.26/US$0.29) per share.
Subject to approval by DEQ shareholders, relevant regulatory authorities and customary closing conditions, the deal should be finalised in the fourth quarter of this year.
DEG generated C$9.5 million in revenue and C$8.1 million in gross profit on a trailing 12-month basis for the period ended May 31.
“The DEQ team has grown a fantastic business focused on providing revenue-generating and entertaining solutions for casino operators around the world,” Scientific Games’ senior vice-president table and utility products, Roger Snow, said.
“Their established and high-performing library of table games, table progressives, and random bonusing systems will enhance our offerings, add to our recurring revenue base, and provide even more ways for casinos to engage players through Scientific Games' extensive end-to-end casino portfolio of gaming machines, casino systems, table products, and interactive solutions.”
Joseph Bertolone, president and chief executive of DEQ, added: “We believe that this is a very good transaction for our company.
“We look forward to working closely with the Scientific Games team to ensure a smooth transition and continued innovation for gaming operators and their players around the world.”
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