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The Cereus online poker network, formed by AbsolutePoker and UltimateBet in 2008, has been sold to Antigua based Blanca Games for an undisclosed sum. The acquisition includes the Cereus network, operating software and the AbsolutePoker and UB brands.

Having made its first major move into the Asian gaming market last year with an agreement to provide IT solutions to Interactive Entertainment Solutions Technologies (IEST), operator of a betting exchange in the Philippines, Betfair has now been offered a 40 per cent stake in IEST worth US$15m by Philippines-based Diversified Financial Network Inc (DFNN).

Online gaming operator 888 has entered the social games space with an agreement to acquire a number of assets from Real Dice Inc for an initial consideration of US$18m, including the Mytopia social games development studio which the company said would form the cornerstone of its future social gaming and mobile strategy.

Expanding the company's growing international presence, Spanish gaming group Codere S.A has completed the acquisition of Thunderbird Resorts Inc.'s 63.6 per cent stake in six casinos in Panama operating under the Fiesta Casino brand for a total consideration of US$38.0m.

Sweden's NYX Interactive has announced the acquisition of Cashball Ltd, owner and operator of Spanish online bingo brand Bingole.com, for an undisclosed fee from Bonnier Lottery, a subsidiary of Swedish media giant Bonnier Group.

Scientific Games Corporation has strengthened its interactive offering for the regulated US gaming market through the acquisition of substantially all the assets of GameLogic Inc., including a suite of interactive games, online loyalty-program platform and other intellectual property.

Churchill Downs Incorporated (CDI) and Youbet.com Inc. announced the completion of their merger Wednesday, with work now underway to integrate their Twinspires.com and Youbet.com advance deposit wagering businesses.

PartyGaming plc and bwin Interactive Entertainment AG have today confirmed their long anticipated merger with bwin set to take a 51.64 per cent holding in the expanded business, with the merger expected to be completed in the first quarter of 2011 subject to a number of conditions including at least 75 per cent approval by both sets of shareholders.

Australia's BEToptions Ltd, the developer of race and sports betting solutions, has said that it is looking for interested parties to acquire the business after loosing the backing of a major shareholder.