Stockholm-listed slots developer Lady Luck Games has entered into an agreement to acquire London-based games studio Revolver Gaming.
Under the exclusive Letter of Intent (LOI), Lady Luck will acquire Revolver Gaming for €750,000 in cash and 4,200,000 newly issued shares in LL Lucky Games at a price of SEK3.00.
Revolver currently offers [...]
Microgaming has agreed to sell its Quickfire distribution business and portfolio of online games to Games Global, a newly established private capital-backed company led by former IGT executive Walter Bugno.
Games Global will acquire the international distribution rights to Microgaming’s exclusive gaming content, including progressive jackpot titles, as well as its [...]
New York-listed casino and sportsbook operator Wynn Resorts has terminated its proposed business combination with special purpose acquisition company (SPAC) Austerlitz Acquisition Corporation I.
Wynn had entered into a deal in May to spin off its Wynn Interactive division, which would have seen Austerlitz combine with and be renamed as Wynn [...]
London-listed gaming technology supplier Playtech will seek shareholder approval in January to proceed with its proposed sale to Australia’s Aristocrat Leisure.
The company has scheduled a court meeting and general meeting of the company for 12 January, when shareholders will be given the opportunity to vote on the proposal, subject to [...]
Stockholm-listed Raketech has announced record results for the third quarter of 2021, while also strengthening its portfolio of US-facing affiliate sites with the acquisition of Baltimore-based ATS Consultants (ATS) for $15.5m.
Raketech will acquire the tipster asset, which provides tailored pre-game insights for sports through its Winnersandwhiners.com, Statsalt.com and Pickpapa.com sites, [...]
London-listed gaming supplier Playtech could find itself in the middle of another bidding war after confirming that it has received a preliminary approach from shareholder Gopher Investments.
Playtech was approached by Gopher in late October regarding a possible offer for the company, less than one week after Playtech announced a £2.7bn [...]
New York-listed gaming supplier Scientific Games is entering the live casino space for the first time through the acquisition of Authentic Gaming for an undisclosed amount.
The acquisition strengthens Scientific Games in-house development capabilities to build live casino products, in particular for the US market where the supplier expects to establish [...]
New York-listed Scientific Games has agreed a $6.05bn deal to sell its lottery division to private equity firm Brookfield Business Partners.
Brookfield will pay a cash consideration of $5.825bn for the business, with an additional $225m payable as an earn-out, subject to achieving certain EBITDA targets in 2022 and 2023.
The acquisition, [...]
New York-listed gaming operator Bally's Corporation has acquired UK-based front-end development agency Degree 53 for an undisclosed amount.
The acquisition of the user experience (UX) design and software development specialist will enable Bally’s to enhance its omni-channel offering, providing key functionality to integrate Gamesys' player account management and iGaming solution, in [...]
New York-listed betting and gaming operator DraftKings will not pursue its bid to acquire Entain.
The companies had been in talks since September, when DraftKings proposed to acquire Entain for more than $20bn.
The proposed acquisition immediately sparked concern among executives at MGM Resorts International, which operates the successful BetMGM online brand [...]
New York-listed Penn National Gaming has completed its acquisition of Score Media and Gaming for $2.0bn in cash and stock.
The acquisition strengthens Penn National’s digital media and gaming strategy with addition of theScore, the third most popular sports media app in North America and the number one app in Canada.
Entain has asked DraftKings to provide clarity on a number of matters that will affect the mooted acquisition of the London-listed betting and gaming operator.
The board of Entain say that following initial discussions with DraftKings, they require “a number of matters to be satisfactorily resolved that are fundamental to the [...]