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M&A News

Greek lottery privatisation nears completion

The Hellenic Republic Asset Development Fund (HRADF) has begun the final stages of the international tender for the management of Greece's state lotteries for a twelve year period, with the preferred bidder expected to be announced before the end of November.

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Gauselmann expands in UK with £76m Praesepe purchase

Leading German land based arcade and casino operator Gauselmann Group has expanded its presence in the UK gaming market with the acquisition of Marwyn Gaming Limited, a wholly owned indirect subsidiary of Marwyn Management Partners and owner of Praesepe plc.

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Sportingbet holds out for higher bid after initial approach

Online gaming operator Sportingbet plc said Monday that the indicative offer it has received from William Hill and GVC “significantly undervalues the business”, but stopped short of rejecting the offer outright.

The company said in a statement Monday that it has received an offer from William Hill and GVC of 52.5 [...]

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Playsino invests in social gaming with new acquisitions

California based social gaming developer Playsino has expanded its operations with the acquisition of Popover Poker owner Popover Games as well as Foghorn Games, a joint-developer of Popover's social casino game Bingo Around the World.

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William Hill and GVC eye joint bid to acquire Sportingbet

Shares in Sportingbet plc climbed by more than 13 per cent in London today, prompting UK bookmaker William Hill to to issue a statement confirming that it is in the preliminary stages of considering a possible joint bid with GVC Holdings for the company.

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Perform increases German presence with Sportal purchase

Digital sports content provider Perform Group has increased its presence in the German market with the acquisition of German sports media company Sportal Gmbh.

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Intralot invests further in Russia’s regulated betting market

Greek lotteries, betting and gaming group Intralot has consolidated its position in the regulated Russian betting market by taking control of Kelicom, the company which owns a majority stake in Russian retail betting operator Favorit Bookmakers' Office.

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Competition concerns may derail Rank’s Gala acquisition

Rank Group’s plans to acquire Gala Casinos this year have been dealt a blow after the UK’s Office of Fair Trading (OFT) yesterday referred the deal to the Competition Commission for further investigation.

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Racecourse operators merge to form Arena Racing Company

UK racecourse operators Arena Leisure and Northern Racing will merge to form a new company, Arena Racing Company (ARC), following the acquisition of Arena Leisure by Aldersgate Investments Limited earlier this year.

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BetClic takes over GigaMedia’s stake in Mangas Everest

BetClic Everest Group (BEG) has taken over full ownership of Mangas Everest following GigaMedia’s decision to completely write-off its stake in the business earlier this year.

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Australia’s Two Way withdraws from Priority One merger

Australia’s Two Way Limited has pulled out of its planned merger with Priority One Network Group Limited, less than one month after announcing the agreement.

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Novomatic completes acquisition of Danoptra assets

Astra Games Limited, a UK-based wholly owned subsidiary of Austrian gaming giant Novomatic, has completed the acquisition of various Danoptra assets including Gamestec Leisure, Bell-Fruit Games, RLMS Sales and Mazooma Interactive Games.

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