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Las Vegas Sands to enter iGaming sector as strategic investor

New York-listed casino operator Las Vegas Sands has confirmed plans to enter the iGaming market by becoming a strategic investor in B2B gaming providers.

The initiative will see the operator establish a new digital gaming investment team, which will be led by Davis Catlin, who joins Las Vegas Sands from Virginia-based [...]

2 mins read
Flutter Entertainment

Flutter sells Oddschecker to Bruin Capital in £155m deal

London-listed Flutter Entertainment has agreed to sell Oddschecker Global Media (OGM) in a deal which values the sports betting and gaming affiliate business at up to £155m.

Flutter will sell the affiliate business to New York-based venture capital and private equity firm Bruin Capital, receiving £135m in cash upon completion, with [...]

3 mins read

Allied Esports completes WPT sale to Element Partners

New York-listed Allied Esports Entertainment (AESE) has completed the sale of its World Poker Tour (WPT) business to Pennsylvania-based investment firm Element Partners.

After fending off a rival bid from Bally’s Corporation, Element Partners has paid $105m to acquire Allied’s poker-related business and assets, with the purchase price representing a 34 [...]

2 mins read

Lottery.com completes acquisitions of Mexican lottery providers

Texas-based Lottery.com has completed its acquisition of Mexican lottery providers Aganar and JuegaLotto.

Aganar has been operating in the Mexican iLottery market since 2007 and is licensed to sell Mexican National Lottery games online, while JuegaLotto is licensed to sell international lottery games online in Mexico and other games of chance [...]

1 min read

Playtech adjourns shareholder vote to approve Finalto sale

London-listed gaming technology provider Playtech has adjourned the company’s general meeting by two weeks after consulting with its major shareholders regarding the recent non-binding offer from Gopher Investments to acquire Finalto.

Playtech said that it has consulted with a large proportion of its major shareholders since the initial announcement earlier this [...]

3 mins read

Raketech expands sports portfolio with P&P Vegas and QM Media acquisitions

Stockholm-listed iGaming affiliate Raketech has strengthened its sports portfolio with the acquisitions of P&P Vegas Group and QM Media.

Raketech will pay €16m to acquire the businesses, which will be settled by €9m in cash and issuance of 3,881,968 new Raketech shares. The purchase price is said to represent a multiple [...]

4 mins read

SciPlay continues casual gaming expansion with Koukoi acquisition

New York-listed social casino operator SciPlay Corporation has further expanded into the casual gaming sector with the acquisition of Finland-based Koukoi Games.

The deal marks SciPlay’s third acquisition following Spice Rack in 2017 and Come2Play last year, with Oulu-based Koukoi known for having developed the Om Nom Run game, which has [...]

2 mins read

Elys Game Technology agrees deal to acquire US Bookmaking

New York-listed sports betting provider Elys Game Technology has entered into an agreement to acquire Nevada-based sports betting technology and consultancy services provider US Bookmaking (USB) in a deal valued at up to $53.8m.

The definitive purchase agreement will see Elys initially pay $12m to acquire US Bookmaking, with the initial [...]

1 min read

Danish Government plans merger between Danske Spil and Klasselotteriet

The Danish Government has proposed a merger of the two state-owned lottery operators Danske Spil and Det Danske Klasselotteri.

The country’s Ministry of Finance said that a merger of the two companies into one state-owned gaming operator would achieve a number of benefits, particularly via their growing digital channels that require [...]

1 min read

Tabcorp proposes demerger of Lotteries & Keno business

Sydney-listed gaming giant Tabcorp Holdings has proposed a demerger of its Lotteries & Keno business after completing a comprehensive strategic review of its ownership options.

The demerger will create two standalone, market leading Sydney-listed companies with distinct operating profiles, strategies and growth opportunities.

Tabcorp said that the demerger will also provide shareholders [...]

1 min read

Fertitta Entertainment adds non-gaming assets to SPAC deal

Golden Nugget parent company Fertitta Entertainment has amended its merger agreement with special purpose acquisition company (SPAC) FAST Acquisition Corp to include 42 non-gaming related business assets, increasing the enterprise value of the deal to $8.6bn.

Fertitta has agreed to contribute certain operating businesses not originally included as part of the [...]

1 min read

Playtech questions timing of new offer for Finalto division

Playtech expects to complete the sale of its Finalto financial services division as planned, despite the submission of a last-minute non-binding conditional offer from Gopher Investments.

The Hong Kong-based investment firm, which holds a 4.97 per cent stake in Playtech, submitted a US$250m all cash offer for Finalto last week, more [...]

3 mins read
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