The British company said it was in exclusive discussions for the sale of Finalto with a consortium backed by Barinboim Group, Leumi Partners, The Phoenix Insurance Company and Menora Mivtachim Insurance.
Playtech said US$170 million of the offer was payable on completion of the deal and about US$110 million of capital needed to run the business would be transferred with the unit.
The Isle of Man-based company said earlier this month that its core B2B business, including casino, bingo and poker, performed very well in 2020 amid strict COVID-19 lockdown measures.
Playtech had also said Finalto had been a “standout performer” in the first half of last year due to increased market volatility and trading volumes but saw a challenging second half.
The company has been selling its non-core assets and recently completed the disposal of YoYo Games for about US$10 million, leading to the sale of all its casual and social gaming assets.
Source: Reuters
