Game publisher Tilting Point has announced the acquisition of free-to-play mobile games and assets from gambling technology software company Playech.
As part of the deal, Tilting Point has agreed to take over all major IPs and key employees of FTX Games and Plamee which are known for publishing Narcos: Cartel Wars, The Walking Dead: Free Casino Slots and Criminal Minds: The Mobile Game.
The deal marks Tilting Point’s third acquisition in the past eight months after LTV tech platform gondola and Character Collection Role Playing Game, Star Trek Timelines, with Tilting Point having already taken over operations of all three of the GTX live games and the production of another title in development.
“This has been an exciting time as momentum continues to build for Tilting Point,” stated Kevin Segalla, CEO, Tilting Point.
“FTX, Plamee, and the great games they’ve made are an excellent addition to the growing Tilting Point family. For us, acquisition of strong studios is a natural progression as we continue to grow our publishing business.”
The acquisition of FTX Games assets and Plamee Studios from Playtech comes at a time when the gambling technology firm has taken the strategic decision to focus on its core business of developing gaming and sports betting products and content.
Playtech launched its Plamee casual games studio in 2014 which was a subsidiary division formed following its $20m acquisition of YoYo Games. From this, Playtech acquired Funtactix, the founding company of FTX Games, which included The Hunger Games, Mission: Impossible, Power Rangers and Rocky.
Narcos: Cartel Wars, based on the hit Netflix series by Gaumont International Television and developed by Plamee Studios, is a top-grossing game with over $60m in revenue since launch.
Samir El Agili, president of Tilting Point, concluded: “Playtech has put together an impressive and highly successful free to play mobile game business. At Tilting Point, we share very similar DNA and expertise in bringing great brands to mobile.
“We are thrilled to be able to give the companies that made up that business a home as Playtech refocuses on its core business.”