Business
April 5, 2023
Entain Pens Major Deal, Acquires 365scores
Global sports betting, gaming and interactive entertainment group Entain has unveiled a new major acquisition. The company said that it has acquired all of the shares of 365scores, a global sports media company. In the announcement, Entain said that the acquisition has cost it $150 million. In addition, Entain may have to pay up to […]
Business
April 4, 2023
Parsec Capital Acquires Majority Interest in Enteractive Media, Plans Nasdaq Listing
Parsec Capital Acquisitions, a special purpose acquisition company, has acquired a majority interest in Enteractive Media, a gaming affiliate company. Parsec Capital said that it plans to acquire the remaining Enteractive shares in the future, turning the company into a wholly-owned subsidiary. The current deal follows a previous merger announcement and overrides the actual merger […]
Business
March 23, 2023
Rovio Turns Down Playtika’s Acquisition Bid
Playtika, an Israel-based digital entertainment company that develops and publishes mobile games and gambling titles, has wrapped up the negotiations for the acquisition of Rovio. While the latter company, best known for its Angry Birds franchise, will not go through with the deal, it will continue the negotiations with other parties. This news comes in […]
Business
March 17, 2023
ECP Confirms Acquisition of Pornhub’s Owner MindGeek
The private equity firm managed by a team with wide experiences such as public engagement, finance and law enforcement, Ethical Capital Partners (ECP), announced Thursday it acquired MindGeek, a leading media and technology company that is a parent of some of the most popular adult entertainment outlets including Pornhub. Besides Pornhub, MindGeek is the company […]
Business
March 14, 2023
Tiidal Confirms Plans to Sell Sportsflare to Entain
Esports and gaming platform company Tiidal Gaming Group and its subsidiary, Tiidal Gaming Holdings, confirmed they have entered into an agreement to sell all shares of their operating subsidiary, Tiidal Gaming NZ, the parent company of Sportsflare, a leading provider of wagering products with a focus on the esports vertical, to Entain. The new acquisition […]
Casino
March 9, 2023
Affinity Interactive to Sell Rail City Casino in Nevada
Omni-channel gaming company Affinity Interactive (AI), confirmed it has entered into a definitive agreement to sell one of its Nevada properties. The company said Wednesday that its affiliates have agreed to sell Rail City Casino to affiliates of Truckee Gaming. Rail City is a popular gaming and wagering venue located in Sparks, Nevada. It is […]
Business
March 9, 2023
Caesars Could Make a Play for Flutter’s FanDuel in Wake of White Paper Review
According to the analysis cited by Casino.org, the White Paper Review will bring on a number of changes that are likely to suppress trading price for gambling companies which would, in turn, lead to further market consolidation – or at least would create the conditions in which such moves would be beneficial to the parties […]
Industry
February 17, 2023
PENN Completed Barstool Sports’ Remaining Share Acquisition
Casino gaming and sports betting company PENN Entertainment announced the completion of its previously announced acquisition of the remaining share of Barstool Sports for approximately $388 million. ‘Powerful Media with Authentic Voice’ The acquisition of the remaining interest in Barstool Sports completed the second stage of the acquisition of the sports media brand in which […]
Business
February 17, 2023
LeoVegas Divests a Quarter of BeyondPlay to Bettor Capital for €1.9M
The group that is determined to become a premier global casino gaming company has sold a stake in its iGaming business-to-business venture to Bettor Capital. The latter is a venture firm that this way helped LeoVentures, LeoVegas’ investment arm, secure an impressive 73% return on investment in less than 24 months. A “Testament to LeoVenture’s […]
Business
February 16, 2023
MGM Resorts International Sells Gold Strike Tunica to CNE Gaming for $450M
The NYSE-listed Standard and Poor’s 500 international entertainment company has inked the transaction for $450 million in cash received from the Cherokee Nation Businesses’ subsidiary. The company with an impressive portfolio consisting of 31 global hotel and gaming destinations used Weil, Gotshal & Manges LLP as a legal counsel to complete the sale. MGM Resorts, Ready […]
