Scientific Games to Acquire Tech Art to Expand its Table Game Portfolio
Adds MAXTime® 4H, the Industry Leader in Blackjack Hole-Card Reading and Chip Tray
LAS VEGAS, Oct. 3, 2017 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or "the Company") today announced it has entered into an agreement for the acquisition of Tech Art, the gaming industry's leading supplier of hole-card readers for blackjack. Subject to customary conditions to closing, the transaction is expected to close in the first quarter of 2018. Terms of the transaction were not disclosed.
Tech Art will bring to Scientific Games its innovative MAXTime®4H product, a combination of a blackjack hole-card reader and a chip tray, as well as the proprietary table games Super Fun 21® and Bet the Bust. There will be an opportunity to market Tech Art's MAXTime®4H product internationally through Scientific Games' expansive distribution network, helping casinos across the world increase play speed and enhance the security of blackjack games. This planned acquisition is another example of Scientific Games' continued investment in solutions that help the Company better partner with their casino customers and offer the broadest portfolio of innovative products in the industry.
LAS VEGAS, Oct. 3, 2017 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or "the Company") today announced it has entered into an agreement for the acquisition of Tech Art, the gaming industry's leading supplier of hole-card readers for blackjack. Subject to customary conditions to closing, the transaction is expected to close in the first quarter of 2018. Terms of the transaction were not disclosed.
Tech Art will bring to Scientific Games its innovative MAXTime®4H product, a combination of a blackjack hole-card reader and a chip tray, as well as the proprietary table games Super Fun 21® and Bet the Bust. There will be an opportunity to market Tech Art's MAXTime®4H product internationally through Scientific Games' expansive distribution network, helping casinos across the world increase play speed and enhance the security of blackjack games. This planned acquisition is another example of Scientific Games' continued investment in solutions that help the Company better partner with their casino customers and offer the broadest portfolio of innovative products in the industry.
