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The acquisition includes most of the iGaming provider's assets, subject to the usual deadlines and regulations.

Supplier Everi has entered into a $59 million purchase agreement that covers most of Video King's assets.

Video King is a provider of integrated gaming tablets and digital gaming content that Everi wants to use to integrate into his own gaming business.

The acquisition is expected to be completed within 60 days and funded with the cash available.

Tim Richards, Chief Strategy & Digital Officer of Everi, commented: "We are very pleased to welcome you here. "Video King not only offers Everi a wide range of new channels to spread the growing catalog of digital iGames, but also new sources that enhance the gaming experience while generating recurring revenue.

"The growing number of people who want to participate in social and leisure activities has given us an important opportunity to develop new game content, optimize player participation and collaborate with the Video King Team."

It is expected that 20% of the current 50.Thousands of portable tablets from Video King will be converted to offer video poker, slots, instant win games and loyalty products with traditional bingo games.

Tim Stuart, CEO and co-founder of Video King, commented: "We are very pleased that we will be able to expand our customers' product offerings to offer new, enhanced games on a customer basis that have long been available to the Tribal, Philanthropy and the military market are loyal.

"The combination of Everi Games and other digital products based on a strong electronic bingo provides a unique opportunity to accelerate future growth."

Recently, Everi discussed plans for a new facility in Las Vegas, which is expected to open at the end of the year.