M&A news sponsored by Playtech

 

Canadian gaming supplier NYX Gaming Group has strengthened its presence in the US iGaming market by acquiring Sportech’s 50 per cent stake in the SNG Interactive joint venture established between the companies in December 2013.

Online payment solutions provider Optimal Payments has acquired Montreal-based mobile platform developer FANS Entertainment for a consideration of CAD$16m, further strengthening the company’s position in the mobile sector and also providing an entry point into the events market.

The government of Western Australia has revealed that it will sell off its TAB sports and horse racing betting business as it looks to slash state debt by AUD$1.3bn over the next four years.

Toronto-listed gaming software supplier Contagious Gaming has entered into an agreement to acquire sports betting supplier Digitote for €5m (CAD$6.8m), while also confirming the termination of its previously announced acquisition of online bingo operator Chelbis Company.

Gaming Innovation Group (GIG), a subsidiary of Oslo-listed operator and platform provider Nio, has finalised a strategic partnership with Optimizer Invest (OPT) to develop a cloud services company focused on the iGaming sector.

London-listed online gaming operator 888 Holdings has made a bid to acquire the entire share capital of rival bwin.party digital entertainment.

US casino and racetrack operator Penn National Gaming has entered into an agreement to acquire the Tropicana Las Vegas Casino Hotel in a deal worth $360m, as it looks to create an attractive destination for its regional gaming customers.

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