M&A News


Tabcorp pivots Gaming Services division towards integrity services

Tabcorp is pivoting its Gaming Services division towards integrity services after agreeing the sale of its eBet business and securing a new monitoring licence in Tasmania.

Tabcorp has entered into an agreement to sell its eBet business to Venue Digital Technology, which is led by former Tabcorp executive Frank Makryllos, for [...]

1 min read
La Française des Jeux (FDJ)

La Française des Jeux in exclusive talks to acquire ZEturf

Paris-listed gaming operator La Française des Jeux is looking to get into the online horse race betting and poker business through the acquisition of ZEturf.

FDJ is currently in exclusive negotiations to acquire the online horse racing and sports betting operator, with the proposed acquisition furthering FDJ’s strategy to bolster its [...]

2 mins read
Churchill Downs

Churchill Downs Inc. to acquire Ellis Park in Kentucky

New York-listed racing and gaming operator Churchill Downs Incorporated (CDI) has signed an agreement to acquire Ellis Park Racing & Gaming (Ellis Park) in Henderson, Kentucky. 

CDI will pay $79 million in cash to Enchantment Holdings, an affiliate of Laguna Development Corporation, subject to certain working capital and other purchase price [...]

3 mins read

IGT completes €700m sale of Italian payments business

New York-listed International Game Technology (IGT) has completed the sale of its Italian payments business to PostePay, a subsidiary of Italian postal service provider Poste Italiane.

Initially announced in February, the €700m negotiated sale price represents an enterprise value of €630m and approximately €70m of net unrestricted cash.

The business held approximately [...]

1 min read

Metropolitan Gaming sells South Africa casino to Tsogo Sun

Casino operator Metropolitan Gaming has sold its stake in South Africa’s Emerald Resort & Casino to a consortium controlled by Tsogo Sun.

Metropolitan Gaming is an affiliate of Silver Point Capital and operates the casinos formerly owned by London Clubs International (Caesars).

Metropolitan Gaming has not disclosed the value of the transaction [...]

2 mins read

SharpLink Gaming agrees deal to acquire fantasy sports operator SportsHub

Minnesota-based sports betting affiliate SharpLink Gaming plans to enter the fantasy sports market with a deal to acquire SportsHub Games Network in an all-stock transaction.

Founded in 2015, SportsHub’s platform currently serves 2m players and features fantasy sports games including the National Fantasy Championships, Bestball10s, Fanball and Fantasy National Golf Club.

“While [...]

1 min read

Allwyn set to complete Cohn Robbins business combination in December

Shareholders of New York-listed Cohn Robbins Holdings Corp. (CRHC) have approved the proposed business combination with multi-national lottery operator Allwyn Entertainment.

The business combination was supported by 99.2 per cent of votes at this week's AGM and will see Allwyn Entertainment go public on the New York Stock Exchange.

At a separate [...]

1 min read

BOTB sells major stake to Teddy Sagi’s Globe Invest

The family office of iGaming entrepreneur Teddy Sagi is acquiring a stake in London-listed online competitions operator Best of the Best (BOTB).

Sagi’s Globe Invest will acquire an initial 29.9 per cent stake in the business for approximately £10m from founding shareholders William Hindmarch and Rupert Garton.

The £4 per share acquisition [...]

1 min read

Kambi strengthens development capabilities with Shape Games acquisition

Sports betting supplier Kambi has agreed a deal to acquire Shape Games for up to €78.1m. 

Kambi will pay an upfront consideration of €38.5m to acquire the front-end technology specialist, plus an additional earnout of up to €39.6m, subject to the future performance of the business.

The acquisition builds on an established [...]

1 min read

Yolo Investments acquires stake in Betegy

Tallinn-based venture capital fund Yolo Investments continues to expand its iGaming portfolio, this time through a multi-million Euro investment in sports data technology provider Betegy.

The non-controlling stake will be used to drive the next stage of Betegy's global expansion, with the supplier's data-driven service currently used by the likes of [...]

1 min read
Churchill Downs

Churchill Downs Inc. completes acquisition of Chasers Poker Room in New Hampshire

New York-listed gaming operator Churchill Downs Incorporated (CDI) is expanding its historical horse racing operations to a fourth US state after completing the acquisition of Chasers Poker Room in New Hampshire.

The completion of CDI's purchase of the Salem-based venue follows approval of the transaction by the New Hampshire Lottery Commission.

Chasers [...]

1 min read

Kings Entertainment closes in on Bet99 acquisition after Ontario iGaming approval

Canadian lottery operator Kings Entertainment is expected to complete its business combination with Sports Venture Holdings (SVH) during the final quarter of 2022, after SVH's Bet99 brand was approved to operate in Ontario.

Approval of the Bet99.ca brand was one of the conditions for the business combination to be completed, which [...]

1 min read
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