GTECH Scoops Up Finsoft In Buy Out

GTECH Sports Betting Solutions Limited, a subsidiary of Lottomatica S.p.A., has just acquired the London- and Belgrade-based company, Finsoft Limited. Finsoft provides real-time transactions dn information management systems, servicing the commercial sports-betting market.


Finsoft's MarginMaker platform is responsible for Singapore Pools, Chisholm Bookmakers, Boyle Sports and many other companies considered to be some of the fastest-growing and most successful in the betting industry.


GTECH agreed to purchase all outstanding share capital of Finsoft, as well as all of the assets of BEG Finsoft d.o.o. Belgrade. BEG Finsoft is a Finsoft affiliated company, the development center for Finsoft's sports-betting operations, based in Serbia.


W. Bruce Turner, CEO of GTECH and Lottomatica S.p.A. spoke of the acquisition, "The addition of Finsoft allows us to deliver a complete, integrated sports-betting solution to our customers and prospects, including fixed odds, pari-mutuel, betting exchange, and soft gaming via
the internet, telephone, retail, interactive TV, and mobile channels, as well as self-service terminals."


Turner concluded, "Our goal is to become the world's leading provider of sports-betting technology and content to government-sponsored lottery markets and regulated commercial sports-betting markets, offering a full suite of support and management services."