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M&A News

Kindred Group to acquire casino supplier Relax Gaming

Stockholm-listed gaming operator Kindred Group has agreed a deal to acquire full ownership of casino games supplier Relax Gaming.

The agreement will see Kindred acquire the remaining 66.6 per cent of shares in Relax Gaming which it does not already own, having first invested in the business in 2013.

Kindred said that [...]

3 mins read

MGM Resorts agrees deal to take full ownership of CityCenter

New York-listed casino operator MGM Resorts International has entered into a definitive agreement to purchase Infinity World Development Corp's 50 per cent stake in CityCenter Holdings for $2.125bn.

The agreement will make MGM Resorts the full owner of CityCenter on the Las Vegas Strip, which is comprised of Aria Resort & [...]

1 min read
Penn National Gaming

Penn National Gaming enters Maryland and readies Barstool sportsbook launch

New York-listed Penn National Gaming plans to introduce a Barstool-branded retail and mobile sportsbook in Maryland following the completion of its acquisition of Hollywood Casino Perryville.

Penn National entered into a definitive agreement to acquire the casino operations from Gaming and Leisure Properties (GLPI) in December.

“Penn National is excited to re-enter [...]

1 min read

Bally’s and Gamesys shareholders approve business combination

Bally's Corporation and Gamesys Group have secured shareholder approval for their proposed business combination.

The two companies obtained the requisite votes for all shareholder approvals related to the proposed transaction at their respective shareholder meetings Wednesday, with the business combination expected to complete in the final quarter of this year, subject [...]

2 mins read

Evolution completes Big Time Gaming acquisition

Stockholm-listed casino supplier Evolution has completed its acquisition of slots developer Big Time Gaming.

Following an initial agreement in April, Evolution has now received all regulatory approvals to complete the transaction, with the company paying an up-front consideration of €220m through a combination of €80m in cash and the remainder in [...]

2 mins read

Scientific Games to divest Lottery and Sports Betting businesses

New York-listed Scientific Games has revealed plans to divest its Lottery and Sports Betting businesses as it focuses on becoming a leading content provider for the online and land-based gaming sectors.

As part of its strategic review, the company is evaluating strategic alternatives to execute the divestitures for each business, including [...]

3 mins read
Caesars Entertainment

Caesars Entertainment to maintain ownership of three casinos in Indiana

New York-listed casino operator Caesars Entertainment has confirmed that it no longer has to sell its Horseshoe Hammond casino in Indiana.

This follows a decision by the Indiana Gaming Commission (IGC) to amend an earlier order requiring Caesars to sell a third land-based casino in the state as part of Eldorado [...]

2 mins read

BetMakers agrees deal to acquire Australia’s Form Cruncher and Swopstakes

Sydney-listed betting technology provider BetMakers is looking to further enhance its product offering with the acquisitions of racing data company Form Cruncher and Australian sweepstakes betting platform Swopstakes.

BetMakers has entered into an agreement to acquire the technology platform assets, databases and intellectual property of Form Crunch for an initial cash [...]

1 min read

Playstudios begins trading on Nasdaq

Casual gaming and social casino operator Playstudios is now a publicly-listed company after completing its business combination with special purpose acquisition company Acies Acquisition Corp.

Playstudios’ Class A common stock began trading on Nasdaq Tuesday under the ticker symbol MPYS after Acies’ shareholders approved the business combination last week.

The transaction gives [...]

2 mins read

Codere Online to list on Nasdaq through DD3 Acquisition Corp II SPAC

Spanish gaming operator Codere plans to list its online operating division in New York through a business combination with special purpose acquisition company (SPAC) DD3 Acquisition Corp II.

Codere Online has operated since 2014 as a subsidiary of Madrid-listed Codere Group, providing online sports betting and casino gaming to players in [...]

1 min read

Sportech aims to return cash to shareholders

London-listed betting technology supplier Sportech has confirmed the completion of three corporate transactions with an aggregate net cash value of £36.1m, with the majority of proceeds set to be returned to shareholders.

Sportech has completed the sale of its global Tote business to BetMakers Technology, the sale of Bump 50:50 to [...]

1 min read

Playstudios moves closer to New York listing

Social casino operator Playstudios has moved a step closer to becoming a publicly-listed company after shareholders of special purpose acquisition company Acies Acquisition Corp. approved their proposed merger.

Playstudios entered into a definitive merger agreement with Acies in February of this year, with 97 per cent of votes cast by Acies [...]

1 min read
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