Acquisitions

6 Months Ended

Jun. 30, 2011

Acquisitions

Acquisitions

(14) Acquisitions

On April 26, 2011 we entered into a purchase agreement to acquire all of the issued shares of Barcrest Group Limited, a U.K. company, and Cyberview Technology CZ s.r.o., a company incorporated in the Czech Republic (collectively, “Barcrest”), a leading supplier of gaming content and machines in Europe, from subsidiaries of International Game Technology for approximately £33,000 in cash (subject to certain adjustments), plus up to approximately £2,000 in deferred consideration, the payment of which was subject to the satisfaction of certain conditions relating to a third-party contract. The closing of the acquisition of Barcrest is conditioned on, among other things, obtaining U.K. competition approvals and certain third-party consents.  The £2,000 in deferred consideration will not be payable as the conditions relating to the third-party contract were not satisfied.  Barcrest will be integrated into our gaming divisions, Global Draw and Games Media Limited.