M&A news sponsored by Playtech

 

Securing its position as the leading online gaming software supplier across all key product groups, Playtech Limited said Monday that it has agreed a £36 million takeover of leading online bingo software provider Virtue Fusion.

Further to the company's acquisition last month of Nedplay, 32Red has this morning confirmed it has acquired the business assets of Golden Lounge, the online casino brand licensed in Kahnawake and powered by Microgaming.

Building on its online casinos porfolio, 32Red plc has announced the acquisition of Microgaming-powered casino Nedplay.eu, with the AIM-listed online gaming operator taking over Nedplay's player database, Internet domains and intellectual property.

Increasing its investment in the Australian betting market, Irish bookmaker Paddy Power plc said Friday that it has increased its shareholding in Sportsbet Pty Ltd to 60.8% through the buyout of a minority shareholder for a cash consideration of AUD$13.0 million (approximately €8.5 million).

Having announced its withdrawal from the Spanish retail betting market last May, William Hill plc has finally completed the sale of its joint venture in Spain, with Codere S.A purchasing the company's 50% stake in Victoria Apuestas for a nominal €1.

Strengthening its position in the Scandinavian gaming market, Cherryföretagen, the Swedish gaming operator formerly consisting of Cherry, Betsson and Net Entertainment, has announced the acquisition of Malta-based COYS Ltd, owner of several online gaming brands including NorgesAutomaten, SverigeAutomaten and DanmarksAutomaten.

Intralot Caribbean Ventures Limited has increased its equity participation in Supreme Ventures Limited (SVL), the biggest lottery operator in the Caribbean, having acquired approximately 1.3 billion shares in SVL at US$0.022 per share for a total consideration of US$28.6 million.

Gaming software provider Playtech Limited has acquired a 10% stake in football pools operator Sportech plc following Sportech's acquisition today of Scientific Games Racing.

Specialist skill games provider GameAccount has acquired the operating assets formerly owned by The Money Gaming Corporation Limited, allowing players of online skill games site MoneyGaming.com to continue their gaming activities within the GameAccount Network from next Tuesday January 19th.

UK football pools operator Sportech plc is looking to dominate the international pools betting market with its announced acquisition today of Scientific Games Racing (SGR), a leading U.S provider of pari-mutuel wagering services and systems, for a total consideration of up to US$83 million.