- 3 June 2016 10:13
Banktech Group Diversifies its Product Offering with the Acquisition of Global Gaming Industries
The acquisition will provide an expanded product range while delivering an even more compelling proposition for gaming venues and their patrons.
Established in 1991, Banktech is a leading payments provider to the hospitality industry and supplies a range of products including the CashConnect ATM Network, POS, Cash Redemption Terminals (CRT) and Intelligent Safes.
Banktech established Utopia Gaming Systems in 2014 to better cross sell its products and services in Queensland. Since becoming a Licensed Monitoring Operator (LMO) in Queensland – the first LMO in the state in more than 15 years – Utopia has applied and received gaming licences in NSW, Victoria and ACT and has licences pending in other states.
“Global Gaming Industries is a strong business,” said David Glen, Group MD of Banktech. "It has a well-established technology platform, plus a dedicated team that will continue to develop new products and deepen our Group’s relationship with the hospitality and gaming industries.”
Global Gaming Industries has been operating for more than 25 years. It is the dominant gaming, analytical and loyalty system provider amongst the NSW hotel and small club market and has begun expanding its footprint in other states and territories. Scott Macdougall, MD, Global Gaming Industries commented: “Having Banktech behind us gives us the financial strength to further invest in research and development, as well as deliver an innovative and expanded range of products to our customers.” Global Gaming Industries will continue to operate as an independent branded division of Utopia Gaming Systems.
About Banktech Group Established in 1991, The Banktech Group is a diversified payments organisation servicing Australia, South East Asia and India. The group consists of four business divisions: Banktech Australia, BTI Payments, Utopia Gaming Systems and EFTEX. Banktech Australia provides a range of products including ATM, POS, Cash Redemption Terminals and Intelligent Safes.
About Global Gaming Industries Global Gaming Industries has been a leading player in the gaming systems business for more than 25 years with a strong presence in the pub and small club market, offering a range of gaming, analytical and loyalty systems designed to meet market requirements.