M&A News

SGR acquisition leads to Sportech board changes

Having formally completed the acquisition of Scientific Games Racing this morning following the issue of consideration shares to Scientific Games Corporation, Football Pools operator Sportech plc has made a number of changes to its board including the appointment of Ian Hogg to a newly created role as chief operating officer [...]

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UK to launch open sale process for Tote in Autumn

Looking to finally resolve the future of the state-owned Tote, the UK government has announced that it will launch an open market sale process in late Autumn, inviting proposals for the business from both private bidders and other parties.

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CDI expands gaming business with $138m acquisition

Having recently completed its acquisition of fellow online wagering service Youbet.com, Churchill Downs Incorporated (CDI) announced this week that it has entered into a definitive purchase agreement to acquire Harlow’s Casino Resort & Hotel in Mississippi for US$138m.

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Spain’s Grupo Pefaco acquires Betshop for €5.3m

Leisure & Gaming plc (LNG) said Friday that is seeking shareholder approval to be reclassified as an investing company having agreed to dispose of its betting and gaming subsidiary Betshop Group Limited to Newco, a company established and backed by Spain’s Grupo Pefaco SL, in a deal worth up to [...]

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Webis acquires U.S-based WatchandWager.com

Further developing its presence within the U.S horseracing and pari-mutuel betting industry, Webis Holdings plc said Thursday that its pari-mutuel operation, European Wagering Services (EWS), has acquired Nevada-based WatchandWager.com LLC for a total cash consideration of $0.1 million.

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Sisal eyes Italian consolidation with stake in rival SNAI

Having rejected offers for its Italian gaming business last year, Italian sports betting giant SNAI has confirmed that it has received expressions of interest from a number of interested parties including rival gaming operator Sisal.

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iGame expands portfolio with Dailypoker acquisition

Malta-based iGame Ltd has announced the addition of Dailypoker.com to its growing portfolio, with Dailypoker.com’s customer database to be merged into iGame’s 24hpoker.com brand later this month.

24hpoker.com will offer a full games portfolio to the players acquired from Dailypoker.com including poker, betting, casino, bingo as well as live casino and [...]

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Tokwiro sells AbsolutePoker & UB

The Cereus online poker network, formed by AbsolutePoker and UltimateBet in 2008, has been sold to Antigua based Blanca Games for an undisclosed sum. The acquisition includes the Cereus network, operating software and the AbsolutePoker and UB brands.

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Betfair eyes stake in Philippines betting exchange

Having made its first major move into the Asian gaming market last year with an agreement to provide IT solutions to Interactive Entertainment Solutions Technologies (IEST), operator of a betting exchange in the Philippines, Betfair has now been offered a 40 per cent stake in IEST worth US$15m by Philippines-based [...]

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Codere acquires Panama’s Fiesta casinos

Expanding the company's growing international presence, Spanish gaming group Codere S.A has completed the acquisition of Thunderbird Resorts Inc.'s 63.6 per cent stake in six casinos in Panama operating under the Fiesta Casino brand for a total consideration of US$38.0m.

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Scientific Games acquires GameLogic online platform

Scientific Games Corporation has strengthened its interactive offering for the regulated US gaming market through the acquisition of substantially all the assets of GameLogic Inc., including a suite of interactive games, online loyalty-program platform and other intellectual property.

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PartyGaming & bwin confirm proposed merger

PartyGaming plc and bwin Interactive Entertainment AG have today confirmed their long anticipated merger with bwin set to take a 51.64 per cent holding in the expanded business, with the merger expected to be completed in the first quarter of 2011 subject to a number of conditions including at least [...]

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