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Barcrest Sold for 33 Million
Posted: Thu Apr 28, 2011 5:16 pm
by bennytheclam
Lottery supplier Scientific Games has agreed to acquire gaming machine manufacturer and content provider Barcrest Group Limited from International Game Technology (IGT) for approximately £33m in cash. The transaction is conditional on obtaining UK competition approvals and certain third-party consents and is expected to complete during the third quarter of this year, a Sci Games statement said. Upon closing, Barcrest will be integrated into Scientific Games’ gaming divisions, The Global Draw and Games Media. The deal will extend SciGames’ server-based presence in betting shops, pubs, bingo halls and gaming centres across the UK, as well as access to new lottery customers in Italy and the Czech Republic. Sci Games will also acquire Barcrest’s library of slot titles for internet and mobile channels.
Source
http://www.egrmagazine.com
Could this possibly mean the end of manufacturing of new machines?
Posted: Thu Apr 28, 2011 7:00 pm
by feeder22
This will be interesting to watch unfold. They could do so many things but the one I'd hope for most is to muscle in on bellfruits current awp domination
Posted: Thu Apr 28, 2011 11:00 pm
by Matt Vinyl
...and continue to forget about the effect of changing stake...
Posted: Sat Apr 30, 2011 11:16 pm
by Mr Move It
Games Media was mentioned in the 1st post here. Is that Games Media as in Juggling Jackpots, Money Magic and Bucks Bunny?
Posted: Sun May 01, 2011 3:09 am
by HornyNick
aw shit. this cannot be good. Lets be honest when IGT bought Barcrest, things turned to bollocks. I assume SG will get Red gaming as well, and OK they have not been excellent lately, its still gonna get worse!
The only good thing is if SG get Barcrests back catalogue and even if they keep the orginal j/ps, it would mean a Juice is worth checking out!
Posted: Sun May 01, 2011 11:00 am
by darren
Maybe theyll keep the same programmers?
Posted: Sun May 01, 2011 4:17 pm
by Mr Move It
When did IGT acquire Barcrest? I'm guessing 2006 because that was when Vivid, Maygay, Extreme and others began to disappear. Yes, will be interesting to see what becomes of Red Gaming.
Posted: Sun May 01, 2011 9:55 pm
by sir ratholer
darren wrote:Maybe theyll keep the same programmers?
Under employment law, they have to.
.
Posted: Tue May 03, 2011 4:25 pm
by milk monitor
You can put them on consultation almost immediately though.
Maybe some wish that they hadn't been so sloppy over the last two years!
Posted: Tue May 03, 2011 7:26 pm
by Drpepper
sir ratholer wrote:darren wrote:Maybe theyll keep the same programmers?
Under employment law, they have to.
I'm fairly sure they'd have some decent grounds for getting rid if they knew about half the things that get programmed in...
It'd be funny if they brought legal action for unfair dismissal and the first witness for the prosecution was John 32 and his star wars machine
.