Posted on October 24, 2016 by staff

Bingo tech firm acquisition completed


Online gaming tech firm Playtech has acquired ECM Systems, which supplies software to the UK retail bingo market.

The deal is worth around £15m for 90 per cent of Hull-based ECM, which works with the likes of Gala Leisure and Mecca Bingo.

The other 10 per cent is retained by Allen Richardson, who will remain as chief executive for the next three years.

Mor Weizer, chief executive of Playtech, said: “ECM has a leading position within the bingo hall sector, including its extensive range of handheld devices that enable players to enjoy a digital experience within a familiar retail environment.

“This is a significant step in strengthening and expanding our Playtech ONE offering within the bingo sector and we look forward to working with Allen and the whole ECM team.”

A Cambridge start-up has partnered with the Japanese toy giant TOMY to develop augmented reality products linked toys and games.