M&A news sponsored by Playtech

 

Scientific Games Corporation has strengthened its interactive offering for the regulated US gaming market through the acquisition of substantially all the assets of GameLogic Inc., including a suite of interactive games, online loyalty-program platform and other intellectual property.

PartyGaming plc and bwin Interactive Entertainment AG have today confirmed their long anticipated merger with bwin set to take a 51.64 per cent holding in the expanded business, with the merger expected to be completed in the first quarter of 2011 subject to a number of conditions including at least 75 per cent approval by both sets of shareholders.

Australia's BEToptions Ltd, the developer of race and sports betting solutions, has said that it is looking for interested parties to acquire the business after loosing the backing of a major shareholder.

Churchill Downs and MI Developments are to dissolve their Tracknet media venture after three years of operation, with each party taking over their respective racetrack content agreements, although they remain partners in HorseRacing TV (HRTV).

Online gaming operator 888 has entered the social games space with an agreement to acquire a number of assets from Real Dice Inc for an initial consideration of US$18m, including the Mytopia social games development studio which the company said would form the cornerstone of its future social gaming and mobile strategy.

NDS Group's wholly owned subsidiary Orbis Technology has entered into a conditional agreement to acquire Alphameric Solutions Limited (ASL), a provider of integrated software and hardware technology to UK bookmakers including the likes of Ladbrokes, William Hill and the Tote, for a total cash consideration of £15.5m.

Sweden's NYX Interactive has announced the acquisition of Cashball Ltd, owner and operator of Spanish online bingo brand Bingole.com, for an undisclosed fee from Bonnier Lottery, a subsidiary of Swedish media giant Bonnier Group.

Bingo.com Limited has announced the closing of a private placement with Swedish online gaming operator Unibet Group plc worth a total of US$2.25m, representing a 25.9 per cent share of Bingo.com.

 

Churchill Downs Incorporated (CDI) and Youbet.com Inc. announced the completion of their merger Wednesday, with work now underway to integrate their Twinspires.com and Youbet.com advance deposit wagering businesses.

In an effort to expand its online poker offering which accounted for just 10% of total gross profit during the first quarter of 2010, Swedish gaming operator Betsson has announced the acquisition of Malta-based poker operator Betfriends.com.