Scientific Games is to acquire Canadian company DEQ Systems for a cash payment of CA$0.38 per share, with the transaction likely to close in Q4, 2016, or Q1, 2017, subject to approvals.
DEQ generated revenue of $9.5m with gross profit of $8.1m in the 12 months to May 31, 2016.
Roger Snow, Scientific Games’ senior vice president for table and utility products, said: “The DEQ team has grown a fantastic business focused on providing revenue-generating and entertaining solutions for casino operators around the world.
“Their established and high-performing library of table games, table progressives and random bonusing systems will enhance our offerings, add to our recurring revenue base, and provide even more ways for casinos to engage players through Scientific Games’ extensive end-to-end casino portfolio.”
DEQ Systems president and CEO Joseph Bertolone added: “We believe that this is a very good transaction for our company.
“We look forward to working closely with the Scientific Games team to ensure a smooth transition and continued innovation for gaming operators and their players around the world.”
