GTECH Acquires Probability for £17.5m

Probability Whitelabel logo croppedGTECH has acquired mobile gambling firm Probability at the price of £0.50 per share – equivalent to a total value of around £17.5m.

GTECH is a subsidary of the Lottomatica group, which controls 63 per cent of the worlds online lottery business.

The acquisition is expected to be completed by mid-2014.

At 11am today, Probability is hosting a webinar in partnership with Mobile Marketing to discuss the findings of a survey conducted among 2,000 of its users.

You can register to attend the webinar here. Cant make it live? Dont worry – youll be sent a recording after the event.

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