Quickspin Acquired by Playtech for €50 MillionQuickspin has announced that they will be purchased by the software giant Playtech – the deal could be worth up to €50 million.

Quickspin is based in Stockholm, Sweden and are a fast-growing Swedish games studio that focuses on developing and supplying high quality video slots to various online casinos and social gaming operators. They currently offer nearly 30 video slots which are available at over 40 customers.

Quickspin has grown significantly in the last few years and have earned themselves an excellent reputation due to the quality and diversity of their video slots content. They also have a few games in the pipeline as well as new customers tied down.

Playtech will pay a maximum consideration of €50 million for Quickspin which includes an initial payment of €24 million for 100% of the company with the remaining €26 million based on an earn-out basis to Quickspin’s earnings in 2017 and 2018. The 3 founders of the business will remain with Quickspin for a minimum of 3 years.

Speaking of the acquisition, Mor Weizer, who is the Chief Executive Offer at Playtech, commented:

“We are delighted to welcome Quickspin into the Playtech group. Quickspin is a fast-growing and leading supplier of the highest quality games to the highest quality operators, strengthening Playtech’s position as the leading platform and content provider in the industry. We look forward to working with the Quickspin team and to see the Quickspin brand continue to flourish within the Playtech family”.

Playtech already boast a very impressive portfolio of video slots including some online favourites such as Great Blue, Sultan’s Gold, White King, Halloween Fortune and Gladiator Jackpot. They have also released plenty of new titles recently with Land of Gold, Jekyll & Hyde and Ace Ventura Pet Detective highly recommended.

They also offer the Marvel slots which will be discontinued soon but will be replaced by the Age of the Gods series shortly. Playtech acquired Ash Gaming a few years ago so also offer those games such as Full Moon Fortunes, Nostradamus Prophecy and Alice’s Wonderland. When it comes to Quickspin, you have Big Bad Wolf and King Colossus available at CasinoManual.co.uk with more games coming soon.

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