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.