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M&A News


Kindred Group completes acquisition of Casino Blankeberge

Stockholm-listed betting and gaming operator Kindred Group has completed the acquisition of Casino Blankeberge in Belgium from Rank Group.

Following an initial agreement last October, Kindred has paid Rank £25m on a cash free and debt free basis to acquire the land-based casino and its associated online gaming licence.

Casino Blankenberge is [...]

2 mins read

Entain completes Bet.pt and Enlabs acquisitions

London-listed betting and gaming operator Entain has entered four new regulated European iGaming markets with the completion of its Enlabs and Bet.pt acquisitions.

The acquisitions increase the number of regulated markets in which Entain operates by almost a third.

This time last year, Entain had operations in 21 fully regulated markets, with [...]

2 mins read
Better Collective

Better Collective acquires Swedish betting affiliate Rekatochklart.com

Stockholm-listed Better Collective has strengthened its position in Sweden’s regulated iGaming market with the acquisition of sports betting affiliate Rekatochklart.com.

Rekatochlart.com was founded in 2008 and is a Swedish online community where sports bettors and tip experts gather to share betting tips and analysis for upcoming sporting events.

The €3.8m acquisition was [...]

1 min read
World Poker Tour (WPT)

Allied Esports aims to close WPT sale in April

New York-listed Allied Esports Entertainment expects to close on the sale of its World Poker Tour (WPT) business in April after agreeing a revised deal with investment firm Element Partners.

Element Partners will now pay $105m to acquire Allied’s poker-related business and assets, matching last week’s $105m bid by Bally’s Corp, [...]

1 min read

Genius Sports appoints Rob Pietroforte to head up future M&A activity

Sports data and technology provider Genius Sports Group has appointed Rob Pietroforte as its new director of M&A.

Pietroforte will oversee the M&A activity of Genius Sports, which will soon be listed on the New York Stock Exchange (NYSE) following the completion of its business combination with dMY Technology Group Inc. [...]

1 min read

DraftKings acquires sports betting broadcaster VSiN

New York-listed sports betting and fantasy sports operator DraftKings has announced the acquisition of multi-platform broadcast and content company Vegas Sports Information Network (VSiN).

The acquisition will enable DraftKings to further build out its content capabilities across its retail and mobile sports betting operations, which are currently live in 14 US [...]

3 mins read

LeoVegas acquires 25% stake in SharedPlay

Stockholm-listed gaming operator LeoVegas has agreed to acquire a 25 per cent stake in London-based start-up SharedPlay.

Through its LeoVentures subsidiary, the operator is investing €1.1m for a stake in the B2B business, with an option to increase its ownership in the future in accordance with predefined conditions.

Founded by Karolina Pelc, [...]

2 mins read

Tabcorp launches strategic review in response to acquisition proposals

Australian wagering operator Tabcorp has rejected a number of unsolicited acquisition proposals for its wagering and media business, instead opting to launch a strategic review to assess all structural and ownership options.

Tabcorp said Monday that the unsolicited approaches and proposals valued its wagering and media business at approximately AUD$3.0bn, which [...]

1 min read

Fox Sports to acquire 25% stake in NYRA Bets

Broadcaster Fox Sports is exercising its option to acquire a 25 per cent stake in NYRA Bets, the advance deposit wagering platform of the New York Racing Association (NYRA).

Fox Sports held the option under its 2019 media rights agreement with the NYRA, which has now been extended through to 2030, [...]

1 min read
World Poker Tour (WPT)

Bally’s back with improved offer to acquire World Poker Tour

The battle to acquire Allied Esports Entertainment’s World Poker Tour (WPT) business looks set to continue, with the company now supporting a $105m bid for the business by Bally’s Corp.

In January, Allied Esports agreed a deal to sell WPT to investment firm Element Partners for $78.3m, before Bally’s stepped in [...]

1 min read
Gamesys Group

Bally’s and Gamesys agree possible business combination

Bally’s Corporation is continuing its recent acquisition streak with a bid to acquire London-listed gaming operator Gamesys.

Bally’s and Gamesys have agreed key terms for a potential combination of the two businesses, under which Gamesys shareholders would receive 1,850 pence per share in cash.

The proposed transaction would create long-term value for [...]

1 min read

Bally’s completes Monkey Knife Fight acquisition

New York-listed gaming operator Bally's Corporation has completed its acquisition of daily fantasy sports operator Monkey Knife Fight (MKF).

The $40m all-stock deal, first announced in January, advances Bally's strategic diversification initiative and marks the company’s entrance into the high-growth daily fantasy sports sector.

“We are pleased to have closed on our [...]

1 min read
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