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Better Collective acquires majority stake in Mindway AI

Stockholm-listed iGaming affiliate Better Collective has exercised its option to acquire a further 70 per cent stake in Danish software developer Mindway AI.

Better Collective had initially acquired a 19.99 per cent stake in the business in 2019 for DKK4m, and has now exercised the option to acquire a further 70 [...]

1 min read
Caesars Entertainment

Caesars Entertainment agrees to sell Indiana casino for $250m

US casino operator Caesars Entertainment has entered into a definitive agreement to sell its Caesars Southern Indiana casino operations to the Eastern Band of Cherokee Indians for $250m.

The Indiana-based venue becomes the latest asset to be divested by Caesars in connection with the Caesars-Eldorado transaction which closed last year.

Following closing [...]

1 min read

Bally’s completes Eldorado Shreveport acquisition from Caesars

New York-listed casino operator Bally's Corporation has completed its previously announced acquisition of Eldorado Resort Casino Shreveport from Caesars Entertainment.

Bally’s has acquired the Louisiana-based casino for a total purchase price of $140m, subject to customary adjustments.

“Eldorado Shreveport represents the latest step in our ongoing portfolio diversification strategy, expanding our rapidly [...]

2 mins read

Great Canadian board approves increased offer from Apollo Global Management

Apollo Global Management has increased its bid to acquire Toronto-listed Great Canadian Gaming Corporation ahead of tomorrow’s crucial vote.

Apollo offered to acquire the company at CAD$39 per share last month and has now increased its bid to $45 per share, as shareholders prepare to vote on the offer at a [...]

1 min read

Esports Entertainment enters online casino market with Lucky Dino acquisition

New York-listed Esports Entertainment Group has agreed a deal to acquire Malta-licensed online casino operator Lucky Dino Gaming for $30m.

The asset purchase agreement will see Esports Entertainment acquire Lucky Dino’s assets through a debt facility procured by the company, and adds to the company’s existing SportNation and Vie.gg betting platforms.

“Over [...]

1 min read

Genius Sports acquires data provider Sportzcast

Sports data and technology provider Genius Sports Group has acquired Florida-based scoreboard data provider Sportzcast Inc.

Sportzcast provides live data from in-venue scoreboards using proprietary technology, which will now be used to accelerate scaling of Genius Sports’ media and streaming businesses and to enhance its core data products.

“Acquiring Sportzcast expands Genius’ [...]

2 mins read
Penn National Gaming

Penn National re-enters Maryland with Hollywood Casino Perryville acquisition

Penn National Gaming has entered into a definitive agreement to acquire the operations of Hollywood Casino Perryville.

Penn National will acquire the casino operations from Gaming and Leisure Properties (GLPI) for $31.1m in cash, and will simultaneously enter into a lease agreement with GLPI for the real estate assets associated with [...]

2 mins read

Phumelela shares to be delisted as company break-up continues

South African racing and betting operator Phumelela Gaming and Leisure will see its shares delisted from the Johannesburg Stock Exchange in January after a seven-month suspension.

Trading in Phumelela shares was suspended on 8 May at the request of the company after it filed for bankruptcy protection due to the negative [...]

1 min read

XLMedia expands US sports betting presence with $25m deal

Shares in iGaming affiliate XLMedia soared by more than 10 per cent in London Thursday morning after the company announced the acquisition of US sports betting affiliate CBWG Sports for $25m.

CBWG was formed early this year through the combination of CB Sports and Warwick Gaming, and is registered as a [...]

1 min read

Paysafe plans New York listing with Foley Trasimene merger

Payment processor Paysafe Group Holdings has entered into a definitive agreement and plan of merger with New York-listed special purpose acquisition company Foley Trasimene Acquisition Corp II.

The transaction will see the newly combined company operate as Paysafe and trade on the New York Stock Exchange (NYSE) under the symbol PSFE.

Paysafe’s [...]

1 min read
IGT

IGT agrees sale of Italian betting and gaming interests to Gamenet

New York-listed International Game Technology (IGT) has agreed a €950m deal to dispose of its consumer-facing Italian businesses.

IGT’s B2C operations in Italy are comprised of gaming machines business Lottomatica Videolot Rete and sports betting and online gaming business Lottomatica Scommesse.

Under the terms of the definitive agreement, Italian betting and gaming [...]

1 min read
Sportech

Sportech engages with Standard General with view to possible sale

New York-based investment firm Standard General has been set a two-week deadline to decide whether to make a formal offer to acquire London-listed Sportech.

Standard General has made a number of approaches to the board of Sportech in recent months, including a 28.5 pence per share cash offer on 28 October, [...]

1 min read
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