Paddy Power, Ireland’s premier betting company that currently offers a range of gambling products ranging from Bingo to Online Casino games as well as Sportsbetting has acquired Bulgarian games developer CT Networks Limited (Cayetano). CT Networks Limited (Cayetano) has its headquarters in the Isle of Man but their team of developers is based in Bulgaria.
Paddy Power’s great experience in betting and gambling markets, allied with Cayetano’s expertise in game development, will certainly see the Irish betting company produce more of the very best in online casino games.
The C.E.O of Paddy Power Plc said that this great partnership with Cayetano will provide their players with a much wider range of online gaming products and will also get to secure such know-how within the Company.
Cayetano’s C.E.O Nick Maughan is also thrilled with this alliance and said that it is a great opportunity to be working with a leading sport betting company like Paddy Power, who has a track record success in customer service and product offering.
The value of the deal between Paddy Power and Cayetano will be finalised subject to performance over the next number of years.This is usual in takeovers of this nature. the final price depending on the performance of the product.
Written for 50 Online Casinos by Helen.
