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August 1, 2016 9:59 am

Chinese Companies Agree to Pay $4.4 Billion for Israeli Social Casino Game

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The Playtika logo. A consortium of Chinese companies led by Giant has agreed to pay $4.4 billion for the social casino game company. Photo: Instagram.

The Playtika logo. A consortium of Chinese companies led by Giant has agreed to pay $4.4 billion for the social casino game company. Photo: Instagram.

A consortium of Chinese companies led by Giant has agreed to pay $4.4 billion for Playtika, the social casino game company in Herzliya, Israel, that was owned by Caesars Interactive Entertainment.

Caesars, which previously thought the virtual goods social casino game company was a good property to go with its real-money gambling properties, announced it would sell off the business in order to pay down debt.

Read full story at VentureBeat.

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