Joint ventures are more likely, especially in Europe, Gavin Isaacs said
Shuffle Master seeking European alliances
(US).- Casino equipment maker Shuffle Master is looking for acquisitions of game or technology companies, though it prefers to make joint ventures, chief executive Gavin Isaacs said.
2012-02-15
Reading time 32 seg
(US).- Casino equipment maker Shuffle Master is looking for acquisitions of game or technology companies, though it prefers to make joint ventures, chief executive Gavin Isaacs said.
The Las Vegas-based company has the ability to buy companies, with only us$ 17 million in debt, and about us$ 200 million in borrowing capacity, said Mr Isaacs, speaking in an interview with GamblingCompliance during last month’s ICE Totally Gaming conference in London.
It is unlikely to spend that sum in one big transaction, he added. “We buy games, we buy intellectual property all the time; that’s our strategy.”
Joint ventures are more likely, especially in Europe, he said.
Shuffle Master is allegedly talking to Bwin.Party Digital Entertainment about buying the U.K.-listed company’s Ongame poker network for about us$ 20 million, the Sunday Times said, without citing any sources.
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