The deal will see €25 million in cash, with an additional £25 million payment possible in June 2019 if the company's earnings meet expectations. Eyecon has put out 70 different games since its launch in 1997, with most of its titles focusing on bingo revenues. The largest market for the group is the United Kingdom, where nearly all of Eyecon's revenues hail from.
Commenting on the agreement Playtech CEO Mor Weizer said, "Eyecon adds premium quality games to Playtech's stable of industry leading content. We look forward to working with the Eyecon team who will bring robust technology and further industry expertise to the Playtech family. This acquisition is the latest in our strategy to acquire bolt-on technology and content in our key gaming markets, providing Playtech with even greater penetration and reach, as well as bringing additional regulated revenues to Playtech."
Eyecon founder Scott Murray also commented on the deal, noting: "Integrating Eyecon's specialist games and software with Playtech's distribution power will allow us to penetrate new markets and retain our standard of best in class content."