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Montreal based gambling software developer Amaya Gaming has announced that it has purchased gaming machine supplier Cadillac Jack for $177 million, using cash on hand and a secured term loan based on the supplier's assets.
Speaking about the deal, Amaya CEO David Baazov said: "The acquisition of Cadillac Jack is a significant event for Amaya. In combining Amaya's growth in digital gaming with Cadillac Jack's strength in traditional land-based gaming we have extended our capabilities as a fully integrated and dynamic technology provider. We are thrilled by the growth opportunities that we believe this acquisition brings."
The deal is expected to give Amaya the opportunity to dip into the US gambling market, and comes shortly after Amaya purchased developer Cryptologic via stock purchase.