M&A news sponsored by Playtech

 

Following a number of changes to the Takeover Code which took effect this morning, mobile gambling specialist Probability plc has confirmed that it is in preliminary discussions with bookmaker William Hill over a potential acquisition of the company, while Ladbrokes has until October 17th to make an offer for online gaming operator Sportingbet.

UK-based games developer Betlow Ltd has been acquired by Core Gaming, a content development company recently established by former Games Media executive Steven Murray.

The long running saga of beleaguered Czech lottery operator Sazka will come to an end in the next six weeks following a decision by the Prague Municipal Court this week to approve the method and conditions for the sale of the business.

Betgenius Ltd, a provider of data-driven software solutions to the sports betting industry, has expanded its product offering with the acquisition of live betting specialist Boolabus.

European retail and online betting operator Fortuna Entertainment Group said Thursday that it is currently in negotiations to acquire the Polish subsidiary of rival Tipsport, as the company looks to strengthen its hold on the recently liberalised Polish betting market.

Following its acquisition of Betsafe earlier this year for an initial purchase price of €34.0m, Sweden’s Betsson said Wednesday that it will pay out the first part of the additional purchase price of €15m after Betsafe reached the targets set for 2011.

UK-listed Sportingbet plc has moved a step closer to acquiring Centrebet International Limited, after the Federal Court of Australia issued orders approving two separate inter-conditional schemes of arrangement between Centrebet and its shareholders and performance right-holders.

Online bingo platform provider Parlay Entertainment Inc. has completed the sale of a majority of the company’s assets to M Projects Assets S.A, the original stalking horse bidder and the lending party to a credit agreement with Parlay earlier this year.

Spanish gaming group Codere S.A has taken up a call option to acquire an additional 35.8 per cent share in Mexican partner Corporación Interamericana de Entretenimiento Las Americas (ICELA), operator of the Hipodromo de Las America horse racetrack and a division of Mexican entertainment giant Grupo CIE.

UK-listed gaming operator Sportingbet plc said Wednesday that it has completed the acquisition of Australia’s Centrebet International Limited following the implementation of two separate inter-conditional schemes of arrangement between Centrebet and its shareholders and performance right-holders.

Online gaming operator GVC Holdings plc confirmed Tuesday that it is in exclusive discussions with Sportingbet regarding the possible purchase of the company’s Turkish language website business.

GIQ Magazine