Scientific Games acquires Tech Art Inc
Global gaming technology heavyweight Scientific Games has announced the acquisition of Las Vegas blackjack games specialist Tech Art Inc for an undisclosed fee.
Under the terms of the deal Scientific Games will take ownership of all associated Tech Art gaming patents and products.
Tech Art, formed in 1989, is the largest provider of blackjack hole-card readers around the world with a dominant market share in a field that they created with the invention of the MAXTime device, a system used by casinos to improve dealer security in blackjack games. The firm also has a number of table games including Super Fun 21 and Bet the Bust.
In a statement announcing the deal, Scientific Games said: “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.”
It has been a busy month for Scientific Games who recently announced a $631m deal to acquire fellow gaming technology specialist NYX Gaming Group. On Tuesday the company announced a $350m financial package to fund the acquisition.