Latitude 91 has announced the acquisition of full ownership of Game Payment Technology,making GPT a wholly owned subsidiary of the Basingstoke-based software developer,which also owns payment systems consultancy Polar Moment Ltd. 

The purchase comes just one year after JCM Global acquired what had originally been Bacta’s share in GPT, and will see Latitude 91 roll out a series of enhancements and improvements to the system.

“Acquiring full ownership of GPT is a major step for the Latitude 91 group to grow the business,” said Latitude 91 CEO and GPT director Tim Stratton. “We intend to really drive it forward and to rapidly introduce new products and features.”

“This strategic move further enhances the Latitude group’s ability to provide high quality payment solutions. The combined strengths of Polar Moment and GPT give us great flexibility to innovate and expand.”

Noting the importance of continuity for existing customers and operators utilising the GPT system, Stratton added: “Many have been partners with Game Payment from its early days. This transition will be as seamless as possible, with no disruption in service.

“Our commitment is to maintain the high standards of service and reliability that GPT’s customers expect, while introducing new products and services.

”Game Payment Technology was originally developed by Bacta and Latitude 91 in 2019, and jointly owned by the two businesses until JCM Global acquired Bacta’s share in early 2023.

At the time, Robert Gibb, head of finance and operations at Bacta,said: “It has been a pleasure working with the team at Latitude 91. We set out to deliver a reliable solution to address growing concerns about the decline of cash within the amusement and gaming machine industry.”

“I believe we have taken great strides toward this goal, and I am extremely positive about the future of Game Payment Technology.”