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A Manx eGaming company has been sold to Ireland's largest bookmaker.
Paddy Power has agreed to buy CT Networks, which produces online and mobile games through a team of developers in Bulgaria.
CT Networks is based at Clinch's House in Lord Street, Douglas, and the deal is based on the firm's future performance.
Paddy Power chief executive Patrick Kennedy says the acquisition will bring his company a range of online gaming products as well as a new well of gaming development expertise.
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
Financial education course launched through UCM
Two-year course combines various qualifications
