M&A News


MGM Resorts gains regulatory approval for proposed LeoVegas acquisition

MGM Resorts International has secured all requisite governmental and regulatory approvals in relation to its proposed acquisition of online betting and gaming operator LeoVegas.

The proposed acquisition of LeoVegas by MGM Resorts subsidiary MGM Casino Next Lion was first announced in May, with completion subject to a number of conditions, including [...]

1 min read
Barstool Sportsbook Ameristar

PENN Entertainment to take full ownership of Barstool Sports

New York-listed racing and gaming operator PENN Entertainment has exercised its right to acquire all of the remaining shares in Barstool Sports.

PENN Entertainment (previously Penn National Gaming) had acquired a 36 per cent stake in the business in February 2020 for $161.2m, including call rights with respect to all of [...]

1 min read

PlayAGS rejects non-binding $370m acquisition bid

Shares in PlayAGS soared by more than 25 per cent in New York Friday after the gaming supplier confirmed that a $370m acquisition bid has been rejected by the company’s board of directors.

PlayAGS confirmed that it has received a non-binding indication of interest to acquire the company after Reuters reported [...]

1 min read

New York Racing Association acquires stake in CDI’s United Tote

New York-listed gaming operator Churchill Downs Incorporated (CDI) has agreed to sell a 49 per cent stake in its United Tote business to a subsidiary of the New York Racing Association (NYRA).

The stake is being acquired by NYRA Content Management Solutions, with the transaction subject to customary closing conditions, including [...]

1 min read
SuperSports Croatia

Entain and Emma Capital form new venture around SuperSports Group

Entain has teamed up with Czech investment firm Emma Capital to form a new venture that will focus on opportunities in Central and Eastern Europe.

Entain will own 75 per cent of the economic rights in the new venture, Entain CEE, which will in turn acquire Emma Capital’s SuperSport Group, a [...]

1 min read
Flutter Entertainment

Flutter Entertainment adds Sisal to brand portfolio

Flutter Entertainment has completed its acquisition of Italian operator Sisal from CVC Capital Partners, adding another leading brand to its expansive portfolio.

The £1.62bn acquisition was announced in December and completed on Thursday (Aug. 4), giving Flutter a retail presence in Italy and expanding its share of the Italian online gaming [...]

2 mins read

OpenBet expands product offering with Multi Builder acquisition

Sports betting technology provider OpenBet has enhanced its product portfolio with the acquisition of Multi Builder Limited.

The deal will see Multi Builder’s proprietary sports technology and quantitative trading models, which trade under the Sportsbook Models brand, integrated with the OpenBet product portfolio.

Co-created by Oliver Preston and Jonathan Smith, Multi Builder’s [...]

3 mins read

Playtech to explore alternative opportunities for Caliplay US expansion

London-listed gaming technology provider Playtech confirmed Friday that it is looking at alternative opportunities for Caliente Interactive, its joint venture with Mexico’s Caliente.

The company had previously been exploring a transaction that would see Caliplay merge with New York-listed special purpose acquisition company Tekkorp Digital and expand into the United States.

Playtech [...]

1 min read

Novibet restructures leadership team ahead of SPAC merger

European online betting and gaming operator Novibet has restructured its senior management team and confirmed a new board of directors as it prepares to go public in New York.

Ahead of the completion of its proposed business combination with New York-listed special purpose acquisition company (SPAC) Artemis Strategic Investment Corporation, Christoforos [...]

1 min read

Gauselmann and Greentube join forces in Germany

Mernov, Germany’s first licensed online slot games operator, has unveiled its new joint venture corporate structure.

Mernov will operate as a 50-50 joint venture between Gauselmann Group and Greentube, the interactive gaming division of Novomatic.

The joint venture, which secured Germany’s first online casino licence in May, operates two brands in the [...]

1 min read

Optimove acquires real-time personalisation platform Graphyte

CRM marketing solutions provider Optimove is enhancing its player engagement platform with the acquisition of London-based real-time personalisation specialist Graphyte.

The acquisition is part of Optimove's investment in expanding its CRM marketing capabilities for the iGaming and sports betting sectors, and follows last September’s $75m investment in the company, and the [...]

1 min read

Playtech shares slide as TTB Partners drops acquisition bid

Hong Kong-based investment firm TTB Partners has announced that it will not be making a bid to acquire London-listed iGaming supplier and operator Playtech.

The parties had been discussing a potential acquisition since last November, shortly after Playtech received a £2.7bn (680p per share) acquisition offer from Australian gaming supplier Aristocrat [...]

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