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M&A News

GAN

GAN reveals M&A interest as Q2 revenue falls 3%

Nasdaq-listed GAN is evaluating interest from prospective bidders as the gaming supplier and operator posted a 3 per cent drop in second quarter revenue to $33.8 million.

Revenue from B2B declined by 30 per cent year-on-year to $33.8 million, which GAN attributed to a decrease in contractual revenue rates pursuant to [...]

1 min read
SciPlay

Light & Wonder set to acquire remaining stake in SciPlay

Light & Wonder (L&W) has entered into a definitive agreement to take over full ownership of social and casual gaming operator SciPlay.

The agreement will see L&W acquire the remaining17 per cent equity interest in SciPlay that it does not currently own for $22.95 per share in an all-cash transaction.

The offer [...]

1 min read

ESPN enters US online sports betting with Penn Entertainment

Penn Entertainment has agreed a 10-year deal to use the ESPN Bet trademark for online sports betting in the United States.

The strategic alliance between Penn Entertainment and ESPN will see Penn’s Barstool Sportsbook rebranded as ESPN Bet in the US in the Fall of 2023, with Penn paying ESPN $1.5 [...]

4 mins read
Catena Media

Catena Media sells UK and Australian businesses

Stockholm-listed online gaming affiliate Catena Media has agreed to sell its UK and Australian online sports betting brands to UK-based Moneta Communications for €6.0 million.

The transaction is expected to close in the third quarter of this year, and covers all assets in Catena Media’s UK business, which includes sports betting [...]

3 mins read

Play Synergy receives gaming approval in Nevada

Gaming supplier Play Synergy is set to enter the Nevada gambling market after being granted manufacturer and distributor gaming licenses by the Nevada Gaming Commission.

The Nevada licences follow the United States Bankruptcy Court this week approving its proposal to purchase electronic gaming machine (EGM) and online assets of Aruze Gaming [...]

2 mins read
888Africa

888Africa acquires rival operator BetLion

888Africa is expanding its business with the acquisition of online betting and gaming operator BetLion.

888Africa, which operates the 888bet brand in Africa under a joint venture with 888 Holdings, said the acquisition of BetLion brings significant new local talent into the company, as well as a highly localised website and [...]

2 mins read

FDJ to acquire Irish National Lottery operator for €350 million

France’s La Française des Jeux (FDJ) has entered into a definitive agreement to acquire Premier Lotteries Ireland (PLI), holder of the exclusive rights to operate the Irish National Lottery, for an enterprise value of €350 million.

After selling its Camelot operations to Allwyn earlier this year, the Ontario Teachers’ Pension Plan [...]

1 min read

EBET considers sale as Board initiates strategic review

Nasdaq-listed online sports betting and casino operator EBET has initiated a review of strategic alternatives to maximize the value of its portfolio of iGaming brands.

The company’s Board has designated a Strategic Alternatives Committee to assist in considering a full range of options, including a potential merger, sale or other strategic [...]

1 min read

Century Casinos completes acquisition of Rocky Gap Casino in Maryland

New York-listed casino operator Century Casinos has completed the acquisition of Rocky Gap Casino Resort in Maryland from Golden Entertainment for $56.1 million.

Simultaneous with the closing of the transaction, which was initially agreed nearly a year ago, an affiliate of VICI Properties has acquired a related interest in the land [...]

2 mins read
Playstar

Glitnor Group to acquire stake in US operator PlayStar

Malta-based iGaming operator and games provider Glitnor Group is set to expand its business with the proposed acquisition of a minority stake in US operator PlayStar Gaming.

Accelerating its plans to enter North America, Glitnor has agreed a deal to acquire a 37.5 per cent stake in PlayStar through its Glitnor [...]

2 mins read

Interblock bolsters portfolio with Aruze table games acquisition

Interblock has stepped in to acquire Aruze Gaming America’s electronic table game assets.

The deal to acquire the assets follows Aruze Gaming America’s filing for Chapter 11 bankruptcy protection six months ago, and this week’s agreement to sell its slot machine business to Play Synergy.

Interblock said the acquisition marks a significant [...]

2 mins read

Play Synergy to acquire Aruze Gaming America’s slot operations

Las Vegas-based gaming supplier Play Synergy is looking to expand its operations through the proposed acquisition of Aruze Gaming America's slot machine business.

The acquisition will see Play Synergy assume control over sales, service, support, and operations of Aruze’s slot route and operations, which includes land-based and online gaming assets.

The transaction [...]

1 min read
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