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M&A News


Betfred completes acquisition of South Africa’s Betting World

Betfred is looking to establish itself as a leading bookmaker in South Africa following the completion of its acquisition of Betting World.

Betfred entered into discussions with Betting World owner Phumelela Gaming and Leisure in August 2020 after Phumelela went into administration, initially seeking to acquire the entire business of the [...]

2 mins read

Bragg continues US expansion with Wild Streak Gaming acquisition

Toronto-listed Bragg Gaming Group is continuing its US expansion with the acquisition of Las Vegas-based game development studio Wild Streak Gaming.

Bragg has acquired Wild Streak for $10m in cash and $20m worth of Bragg shares, which will be distributed over the next three years, subject to acceleration in the event [...]

4 mins read
Bally's Corp

Bally’s Corporation completes $125m Bet.Works acquisition

New York-listed Bally's Corporation has created a new interactive division with the completion of its acquisition of US sports betting platform provider Bet.Works.

Following an initial agreement last November, Bally’s has paid a total of $125m to acquire the sportsbook supplier, half of which was paid in Bally's common stock, with [...]

3 mins read

Better Collective completes Action Network acquisition

Stockholm-listed Better Collective has completed the acquisition of US sports betting media platform Action Network for $240m.

Action Network now becomes an integral part of Better Collective US and will continue to operate as a separate business unit with its current brands, management team, and employees. The team will continue to [...]

2 mins read

BetMakers submits $4.0bn bid to acquire Tabcorp’s Wagering and Media business

Betting technology supplier BetMakers has joined the bidding to acquire the wagering and media business of Tabcorp.

BetMakers submitted a AUD$4.0bn indicative proposal Friday to acquire the business, with the bid comprised of $1.0bn in cash and $3.0bn in shares of BetMakers Technology Group.

The share element of the proposal would be [...]

1 min read
Penn National Gaming

Penn National Gaming cleared to acquire Hollywood Casino Perryville

New York-listed racing and gaming operator Penn National Gaming has received final approval from the Maryland Lottery and Gaming Control Commission to acquire Hollywood Casino Perryville.

Penn National entered into a definitive agreement with Gaming and Leisure Properties (GLPI) in December to acquire the operations of Hollywood Casino Perryville for $31.1m in [...]

1 min read
Scientific Games

Scientific Games acquires BetBuilder specialist SportCast

Scientific Games has strenghthened its OpenSport product suite with the acquisition of London-based betting platform provider Sportcast.

SportCast is credited with developing the original BetBuilder product, a feature that allows players to build bets across multiple markets on a single game which has been rolled out to over fifty operators, including [...]

3 mins read

Esports Entertainment to acquire iGaming operator Bethard

New York-listed Esports Entertainment Group has continued its recent M&A spree with an agreement to acquire Gameday Group-owned sports betting and iGaming operator Bethard Group.

Under the terms of the agreement, Esports Entertainment will pay €16m in cash for the business, alongside a 12 per cent share of net gaming revenue [...]

1 min read

Playtech agrees $210m sale of Finalto division

Playtech has agreed a $210m deal to sell its Finalto financial trading division to a consortium led by Israeli private investment firm Barinboim Group.

The consortium includes investment firm Leumi Partners and Menora Mivtachim Insurance, together with key members of the Finalto management team, and will pay an initial consideration of [...]

1 min read

EveryMatrix acquires stake in Lady Luck Games

iGaming technology supplier EveryMatrix has acquired a stake in LL Lucky Games, a Swedish games studio which is set to be listed on NASDAQ First Growth Market next month.

The deal marks EveryMatrix’s first investment into another B2B company, with Lady Luck Games currently in the process of applying for a [...]

3 mins read

Crown Resorts rejects Blackstone proposal as it mulls Star merger

Australia’s Crown Resorts is continuing to engage with The Star Entertainment Group regarding a potential merger of the casino businesses after rejecting an indicative takeover offer by The Blackstone Group.

Crown Resorts said Monday that Blackstone’s revised indicative cash offer of AUD$12.35 per share, up from its original proposal of $11.85 [...]

1 min read
Bragg Gaming Group

Bragg Gaming acquires Spin Games for $30m

Toronto-listed Bragg Gaming Group has entered into a definitive agreement to acquire Nevada-based gaming supplier Spin Games in a cash and stock deal worth US$30m.

Accelerating its entry into the North American iGaming market, Bragg will pay $10m in cash to acquire Spin, alongside the issue $20m in common shares of [...]

4 mins read
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