Playtech to buy Tribeca
November 15th, 2006
LONDON (Reuters) - Gambling software maker Playtech agreed to buy rival Tribeca for $75 million (39 million pounds) on Monday to create a company twice the size of its nearest competitor.Playtech said the deal was in line with its strategy of extending its geographical reach, after the United States effectively banned online gaming at last month.Since then, Playtech and rivals like Cryptologic and Boss Media , have been struggling to find ways of improving margins to compensate for the lost rev
