Las Vegas Review Journal – Slot machine provider Multimedia Games said Wednesday it spent $13 million to acquire electronic table game company PokerTek. The transaction was announced as part of Multimedia Games’ second quarter earnings, in which the manufacturer said it grew both profits and revenue in the quarter that ended March 31. Multimedia Games is headquartered in Austin, Texas, with a sales and marketing office in Las Vegas. PokerTek places electronic poker, blackjack and baccarat tables in casinos throughout the U.S. and Macau. The deal requires regulatory approval. In a 12-month period, PokerTek generated total revenue of $5.5 million….

From Casino City – It seems laughable now in hindsight. Slot machine maker Multimedia Games, Inc. was for sale in 2010 and couldn’t attract a buyer. Today, it’s the hottest commodity for the gaming industry investment community. “We’re an exciting growth story in gaming, and there aren’t too many of those, to be honest,” said Multimedia Games Chief Executive Officer Patrick Ramsey, 39, who joined the company as chief operating officer in 2008. A few years ago, Multimedia Games had only a handful of gaming licenses. Now, with licenses in major markets — including Nevada, New Jersey, Pennsylvania, Illinois, Mississippi…