Under the agreement, announced yesterday (March 24), Pacific Gaming will become part of the Pollard Charitable Games Group. This division also includes Diamond Game, American Games, International Gamco and CJ Venne.
Pacific provides bingo electronics, handhelds, blowers, point‐of‐sale systems and bingo management systems. The acquisition, Pollard said, will strengthen its existing product portfolio and offering to charitable gaming operators.
Pollard’s existing product portfolio already includes paper pull‐tabs, electronic pull‐tabs, bingo paper, pull‐tab vending machines, video verifiers and bingo daubers.
Pollard intends to fund the purchase using cash resources and availability under its existing senior credit facilities. Subject to standard approvals, the deal is expected to close on April 1.
‘Important’ Bingo Element for Pollard
John Pollard, co‐CEO of Pollard Banknote, welcomed the deal. He said that the addition of electronic solutions is an “important element” for the company.
“As one of the leading providers to the charitable bingo market, the addition of electronic solutions is an important element of providing a comprehensive product offering to existing and new customers,” Pollard said. “Pacific will be a key addition in helping us remain a leader in this space.
“This acquisition continues Pollard Banknote’s commitment to growing our presence in the important charitable gaming market and strengthening our leadership role as the partner of choice for charities throughout the U.S. and around the world.”
Steven Fingold, executive vice president of charitable gaming at Pollard, also spoke highly of the acquisition. He described Pacific as a “leader” in electronic bingo solutions.
“This acquisition further highlights Pollard’s ongoing commitment to the charitable gaming market and our focus on expanding our leadership role through both organic growth and key acquisitions,” Fingold said.
