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Twin River acquires three casinos from Eldorado Resorts and Caesars

New York-listed casino operator Twin River Worldwide Holdings will expand its footprint into three additional US states through the acquisition of three land-based casinos from Eldorado Resorts and Caesars Entertainment.

Twin River has entered into an agreement with Eldorado Resorts to acquire Eldorado Shreveport Resort and Casino in Louisiana and the [...]

4 mins read
Sazka Group

SAZKA subsidiary OPAP strengthens online operations with Stoiximan acquisition

European lottery and gaming operator SAZKA Group has received regulatory approval to acquire a majority stake in Stoiximan Group’s Greek and Cypriot businesses (SMGC).

The acquisition of the businesses currently operated by GML Interactive, which was first announced by SAZKA subsidiary OPAP in September 2018, will see OPAP acquire a 51 [...]

5 mins read
Gaming Innovation Group

Betsson completes acquisition of Gaming Innovation Group’s B2C assets

Oslo-listed Gaming Innovation Group (GiG) has completed the sale of its customer-facing brands to operator Betsson.

Following an initial agreement in February, Betsson has acquired GiG subsidiary Zecure Gaming for €33m, including €2m as a cash deposit to secure GiG’s Spanish online casino license.

Zecure Gaming operates B2C brands including Guts, Kaboo, [...]

3 mins read

CMA approves Flutter Entertainment’s combination with The Stars Group

The UK’s Competition and Markets Authority (CMA) has given unconditional phase one clearance to Flutter Entertainment’s proposed combination with The Stars Group.

The CMA had launched a merger inquiry in early February to consider whether the £10bn merger will create a “substantial lessening” of competition within the United Kingdom for goods or services.

This [...]

2 mins read

Penn National Gaming sells real estate assets to relieve liquidity pressure

New York-listed Penn National Gaming has reached an agreement to sell the Tropicana Las Vegas real estate assets and the ground lease of its new Pennsylvania casino to Gaming & Leisure Properties (GLPI).

Penn National will receive $337.5m in rent credits from the transaction, helping to mitigate the financial impact of [...]

4 mins read
Flutter Entertainment

Flutter suspends 2020 dividend; Ashkenazi drops out as COO

The boards of Flutter Entertainment and The Stars Group (TSG) have provided an update on their proposed merger, confirming the suspension of the combined group’s dividend for the current financial year and a new non-executive role for TSG chief executive Rafi Ashkenazi.

The companies said that the proposed merger is expected [...]

4 mins read

Gauselmann Group expands online presence with stake in Bede Gaming

German gaming giant Gauselmann Group has acquired a majority stake in UK-based iGaming platform provider Bede Gaming.

The acquisition is meant to expand Gauselmann's existing online presence while creating new opportunities for the company with the potential opening of the German iGaming market in 2021.

The deal will also provide [...]

1 min read

Raketech acquires iGaming affiliate Lead Republik

Stockholm-listed Raketech has acquired all of the assets of Malta-based iGaming affiliate Lead Republik for €1.4m.

The purchase price represents a multiple of approximately 3x EBITDA and includes the possibility of additional earnout payments based on certain performance measures.

Part of the earnout is capped up to a maximum of €0.3m until 28 February 2021, [...]

1 min read
Eldorado Resorts

Eldorado Resorts agrees sale of Nevada casino to Maverick Gaming

New York-listed casino operator Eldorado Resorts has agreed a deal to sell its Montbleu Resort Casino & Spa in Nevada as it nears the completion of its acquisition of Caesars Entertainment.

Eldorado has entered into a definitive agreement to sell the Lake Tahoe-based property to Maverick Gaming for an undisclosed amount, with the [...]

1 min read

Greentube acquires majority stake in CashBet Coin

Novomatic’s interactive division Greentube has completed the acquisition of a majority stake in CashBet Coin’s (CBC) cryptocurrency and underlying blockchain technology.

The supplier said that the acquisition, for an undisclosed amount, would enable Greentube to enhance the use of cryptocurrency across its social gaming portfolio. It follows a successful trial integration of CBC [...]

2 mins read

Paf acquires Swedish rival Mandalorian Technologies

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 [...]

2 mins read
Sazka Group

SAZKA set to increase stake in Casinos Austria to over 50%

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 [...]

2 mins read
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