Åland-based charitable gaming operator Paf has expanded its presence in Sweden with the acquisition of licensed iGaming operator Mandalorian Technologies.
Mandalorian Technologies operates the No Account Casino, No Account Bet and Prank Casino brands, and has been acquired by Paf for an undisclosed amount. The operator has a team of around 20 employees [...]
European lottery and gaming operator SAZKA Group is set to become the largest shareholder in Casinos Austria following an agreement with Austrian state holding company Österreichische Beteiligungs AG (ÖBAG).
SAZKA and ÖBAG said Friday that they have agreed to jointly control Casinos Austria, with ÖBAG waiving its pre-emption rights on 78 per cent [...]
Stockholm-listed sports betting affiliate Better Collective has acquired leading eSports platform HLTV.org in a deal worth up to €34.5m.
Better Collective has paid an initial €26.4m to acquire the HLTV.org platform, one of the world’s most popular eSports platforms for the Counter-Strike: Global Offensive (CS:GO) game.
The payment comprises €23.7m in cash and Better Collective [...]
Las Vegas-based gaming supplier Galaxy Gaming has entered into an agreement to acquire its iGaming partner Progressive Games Partners (PGP) for $12.4m.
PGP has held the exclusive online distribution rights for Galaxy’s gaming content for a number of years, with the acquisition set to provide Galaxy with direct control over its iGaming activities.
Malta-based venture capital fund Vereeni Investments has invested a six-figure stake in newly launched lottery betting operator Megalotto.
Powered by Gaming Innovation Group’s (GiG) platform and backed by Optimizer Invest, Megalotto went live earlier this week under its recently awarded Maltese licence, led by an executive team consisting of former executives from [...]
US racing and gaming operator Penn National Gaming has completed the acquisition of its 36 per cent stake in New York-based sports and pop culture blog Barstool Sports for $163m.
The investment comprises approximately $135m in cash and $28m in shares of non-voting convertible preferred stock.
The acquisition sees Penn National Gaming become Barstool Sports’ [...]
Stockholm-listed gaming operator Betsson has agreed a deal with Gaming Innovation Group (GiG) to acquire GiG’s consumer facing business and brands.
Betsson will acquire GiG subsidiary Zecure Gaming Ltd. for an initial consideration of €22.3m, which corresponds to 2.9x EBIT in 2019, giving it control of B2C brands Guts, Kaboo, Rizk and Thrills.
Consolidation continues to be one of the driving factors for the betting and gaming industry. And the deal of the year in the online space was Flutter Entertainment’s acquisition of The Stars Group.
The deal creates a £10bn market cap company. It will have more than 13 million customers, revenue of £3.8bn and EBITDA [...]
The UK’s Competition and Markets Authority (CMA) has confirmed that it is investigating the proposed merger between operators Flutter Entertainment and The Stars Group.
The CMA has begun a merger inquiry to consider whether the £10bn merger will create a “substantial lessening” of competition within the United Kingdom for goods or services.
To assist [...]
US racing and gaming operator Penn National Gaming has acquired a 36 per cent stake in New York-based sports and pop culture blog Barstool Sports for $163m.
The initial investment comprises approximately $135m in cash and $28m in shares of non-voting convertible preferred stock.
As part of the agreement, Penn National will become Barstool Sports’ [...]
London-based game development studio Push Gaming has agreed a deal to acquire iGaming platform provider GSI for an undisclosed amount.
Push Gaming said that the acquisition would give the supplier more flexibility and control over its technology, as well as the development of platform functionality, game design and industry distribution.
The agreement will allow Push [...]