Business
April 11, 2022
International Game Technology to Acquire iSoftBet in a $174M Deal
International Game Technology (IGT), a multinational business-to-business provider of slot machines and gambling technology, has reached a definitive agreement to acquire the casino solutions provider iSoftBet. IGT to Acquire iSoftBet in a $174M Deal The two parties have agreed on the final sum of $174 million in cash. Thanks to this acquisition, IGT will expand […]
Business
April 7, 2022
William Hill’s Review Forces Caesars and 888 to Amend their Agreement
The Caesars-owned British gambling operator William Hill has set aside almost $20 million to pay a fine by the United Kingdom’s Gambling Commission if the latter decides to impose one. William Hill Prepares $19.6M to Cover Up Fines The last few months have seen William Hill fail to play by the rules several times, which […]
Business
April 1, 2022
GiG to Close Acquisition of Sportnco for €51.37m
Gaming Innovation Group (GiG) announced today the Board of Directors issued a resolution to complete the €51.37 million ($56.5 million) acquisition of Sportnco after the company obtained the required approvals from all relevant authorities. Increase Short-Term and Long-Term TAM The acquisition of Sportnco which was initially announced in December last year is expected to strengthen […]
Business
March 31, 2022
Novibet to Become Public via SPAC Artemis on $625m Valuation
Online gambling operator with a focus on European regulated markets Novibet is merging with a special purpose acquisition company (SPAC) to go public on the Nasdaq Stock Market. Accelerate Growth and Enter New Markets Malta-headquartered Novibet entered into a definitive agreement to merge with Nasdaq-listed SPAC Artemis Strategic Investment Corporation and agreed to create a […]
Business
March 10, 2022
Games Global Reportedly Eyes Tailwind Acquisition Merger, SPAC
Games Global, the leading online gaming industry supplier, is reportedly discussing going public through a merger with a special purpose acquisition company (SPAC) Tailwind Acquisition Corp. Games Global Reportedly Plans to Go Public through SPAC If the merger is completed, the new combined company is expected to be valued at more than $3 billion. Earlier […]
Poker
March 7, 2022
RSI’s RIO Acquisition Paves the Way for Fourth US Poker Brand
Online poker options in the US might soon expand with the addition of Run It Once (RIO) brand after it was acquired by Rush Street Interactive (RSI) in a $5.8 million deal last week. RIO Poker Is Now Bigger The acquisition of RIO, the popular online poker website owned by Phil Galfond, is suddenly bringing […]
Industry
February 14, 2022
Blackstone to Acquire Crown Resorts for $6.5 Billion
Crown Resorts announced that it entered into an implementation deed under which its shares will be acquired by Blackstone Inc. for AU$13.10 per share. Blackstone, Crown Resorts Enter Into Implementation Deed Crown Resorts, one of Australia’s largest entertainment groups and a leading casino operator, announced on Monday that it entered into an implementation deed with […]
Business
February 10, 2022
Tabcorp, Entain Run Neck-and-Neck to Take Over Western Australia’s TAB
Western Australia (WA) has selected the shortlist for the second and binding bid phase of its TAB auction. The field is led by ASX-listed Tabcorp and Entain, which runs bookmakers Ladbrokes and Neds. WA expects the provider of online and retail outlet wagering services in the state to have a formal data room open by […]
Business
February 8, 2022
Everi Gains a Stronger Foothold in Australia Through New Acquisition
Everi Holdings, a casino gaming company, has announced plans for acquiring eCash Holdings. This Australian firm provides cash handling and payment solutions for the gaming industry. This is the second Australia-based acquisition for the company since the beginning of 2022. Everi Expands Footprint Down Under Everi will purchase eCash Holdings for AUD$33 million ($23.4 million). […]
Sports
February 7, 2022
Entain Acquired Avid Gaming to Complement Canadian Offering
Gambling group Entain announced today the acquisition of Avid Gaming in a deal valued around C$300 million ($236 million). Entain acquired Deis Ltd, the firm operating Avid Gaming, from Middlebrook Investments Limited. Highly Complementary to Existing Canadian Business The acquisition of Avid Gaming, owner of Canada’s leading online sports betting brand Sports Interaction, is seen […]