Business
August 6, 2021
Playtika Records Increased Profits, Will Explore More M&A Activity
Playtika, a leading social gaming business, had higher revenue and much lower costs of maintaining the company running, which is why H1 resulted in profits, stated the chief financial officer of Playtika. Statistics showed that for the first half of 2021, the revenue reached $1.30 billion, or an increase of 9.6%. While the $1.30 billion […]
Business
July 19, 2021
Entain Set to Raise $1.125bn for M&A via New USD Loan
Global sports betting and gaming group Entain Plc announced it successfully priced and allocated a First Lien Term Loan B denominated in US dollars to the amount of $1.125 billion and with a maturity date of March 29, 2027. New USD Loan Entain explained that borrowers of the New Loan, which achieved favorable pricing of […]
Business
July 12, 2021
Stockholm-Listed Raketech Acquires P&P Vegas Group for $19M
Online gaming marketing affiliate firm Raketech announced today the acquisition of P&P Vegas Group Inc to strengthen its position in the growing US markets. Financial Details of the Acquisition The transaction is valued at €16 million ($19 million) on a debt-free basis and will be settled with €9 million ($10.68 million) in cash and 3,881,968 […]
Industry
July 8, 2021
Elys Game Technology Acquires Bookmakers US for up to $53.8M
Elys Game Technology, a gaming technology provider with an Italian certified betting and virtual sports betting software platform, has announced that it’s acquiring Bookmakers Company US for an upfront price of $12 million in cash and equity. Elys Aims to Have a Strong Foothold on the US Gaming Market Elys Game Technology has announced its […]
Business
July 2, 2021
Kindred Group Acquires Outstanding Shares at Relax Gaming
Kindred Group announced today it signed an agreement to buy the outstanding shares of online gaming supplier and third-party aggregator Relax Gaming. Payments Spread over 3 Years Kindred will pay initial cash consideration of €80 million ($95 million), out of a total value of €295 million ($350 million) for the outstanding 66.6% of shares, upon […]
Business
July 1, 2021
Vegas-Based Union Gaming Purchased by Real Estate Brokerage
Union Gaming has been intrinsically tied to the gaming industry since it was founded 13 years ago. The investment banking firm came about as the so-called Great Recession was taking hold and consumer activity was on the decline, but it proved to be resilient and was able to weather initial challenges. Company analysts have often […]
Business
June 28, 2021
Entain Ready to Blow Competition for TAB, Mulling AU$4B+ Bid
UK-based gambling group Entain is mulling a new enhanced offer for Tabcorp’s media and sports betting assets to blow out competitors and acquire the business, several media in Australia report. TAB Bidding Impasse Having seen its opening bid for the Australian sports betting business of AU$3 billion ($2.3 billion) rejected in February, Entain followed with an improved proposal to AU$3.5 billion ($2.7 billion) in April, and now it […]
Business
June 14, 2021
Z Capital Could Soon Merge Its Affinity Gaming and SIG
According to Bloomberg anonymous sources, Z Capital could merge two of its companies, Affinity Gaming and Sports Informaion Group LLC (SIG), but the information is not yet public. Affinity Gaming and SIG Could Soon Be “Affinity Interactive” Z Capital, a leading private investment company, could merge two of its portfolio companies, Affinity Gaming and Sports Information Group LLC […]
Business
June 10, 2021
Sightline Acquires Leading Casino App Developer JOINGO
Financial technology company, Sightline Payments acquired JOINGO, a casino mobile app developer. The acquisition will boost Sightline’s offering while at the same time will increase the personalization of mobile marketing campaigns for its customers. Sightline Payments Takes over JOINGO Digital payments solutions provider for casinos and betting markets, Sightline Payments announced on Wednesday that it […]
Business
June 9, 2021
Sportradar’s $10B SPAC Merger Collapsing, IPO Option Remains
Sports data supplier Sportradar is pulling out of the proposed merger with Horizon Acquisition Corp. II and is looking for a traditional initial public offering (IPO), Sportico reports based on people familiar with the matter. Going Public via IPO The $10 billion business combination between the Swiss-based sports data provider and the special purpose acquisition […]