Business
September 14, 2022
Lightning Box Sees 50% Growth Since Light & Wonder Acquisition
The acquisition of Lightning Box, a developer of iGaming products and slots specialist, has led to a solid increase in the company’s results over the past year, Light & Wonder Inc. reported. Since the company joined the Light & Wonder portfolio back in August 2021, the slot maker has been able to benefit from superior […]
Business
September 9, 2022
PlayAGS and Inspired Entertainment Merger Falls Through the Ground
PlayAGS has announced that the merger talks with Inspired Entertainment are off. Even though reports stated that the deal was almost finalized, PlayAGS turned down Inspired’s proposed takeover and as a result, the company was the worst-performing stock last Thursday as its shares dropped by 20.76%. The Original Proposition by Inspired Was $370 Million Back […]
Business
September 8, 2022
Kambi Group Acquires Shape Games in $78M Deal
Kambi Group has acquired Shape Games, a front-end specialist, which will significantly boost the company’s capability to deliver engaging sports betting experiences. The upfront consideration of the acquisition is set at €38.5 million ($38.47 million), and the deal comes with a performance-related earnout up to €39.6 million ($39.57 million), which puts the potential total value […]
Business
September 1, 2022
LeoVegas Shareholders Vote Overwhelming in Support of MGM Offer
MGM Resorts will be completing the acquisition of LeoVegas after 96% of the latter’s shareholders accepted the takeover bid which is due to complete on September 7. The public offer tabled by the US-based hospitality and entertainment group is valued at SEK61 ($5.72) per share and the deal is estimated at $604 million presently, below […]
Business
August 22, 2022
Allwyn and CRHC Report Merger Deal Progress
After a short delay, Allwyn Entertainment, a Czech lottery juggernaut, is closer to becoming a publicly-traded company. The lottery operator previously inked an agreement with Cohn Robbins Holdings Corp, a special purpose acquisition company (SPAC). Now, both parties shared news about their agreement’s progress. Allwyn and CRHC Reported Their Progress According to the agreement, the […]
Industry
August 18, 2022
Penn to Acquire the Remainder of Barstool Sports
Penn National Gaming, now rebranded as Penn Entertainment, announced its intentions to buy out the remainder of Barstool Sports, one of its longtime partners. The former company already owns a significant part of Barstool Sports and is now looking to finalize the acquisition. Penn to Acquire Barstool Sports Penn Entertainment has been working together with […]
Business
August 17, 2022
HeadsUp Is Close to the Finish Line with Spinola Acquisition
International gaming operator HeadsUp Entertainment has taken an important step towards strengthening its position in the global lottery market with the upcoming finalization of the acquisition of lottery software provider Spinola Gaming. HeadsUp Buys All Third-Party-Owned Spinola Shares HeadsUp has announced the completion of the next step leading towards the acquisition of the major global […]
Casino
August 9, 2022
Evolution Officially Closes Its €340M Nolimit City Takeover
Evolution has officially closed its €340 million ($347 million) Nolimit City takeover. The deal contained a conditional upfront payment of €200 million ($204 million) and a number of earn-outs that amount to €140 million ($143 million), payable in cash. The Deal Between the Two Parties Was Disclosed in June As one of the world’s leading […]
Business
July 22, 2022
BT Group and Warner Bros. Discovery’s Merger Greenlit by the UK CMA
BT Group and Warner Bros. Discovery’s merger has been greenlit by the UK’s Competition and Markets Authority (CMA). Thanks to this development, the two companies will be able to provide the Irish and UK markets with new sports betting products. BT Sport Was Initially Targeted by DAZN, But the Merger Shut Down the OTT Platform’s […]
Business
July 15, 2022
MGM Resorts International to Buy Genting Singapore, Reports State
US gambling giant MGM Resorts International has been reportedly taking a closer look into the possibility of acquiring Genting Singapore. According to reports, MGM has already held talks with the Lim family to either invest in Genting or acquire it in its entirety. Genting is the parent firm of Resorts World Sentosa. COVID-19 Restrictions Are […]
