M&A news sponsored by Playtech

 

South Africa’s Competition Tribunal has unconditionally approved the proposed merger between two of the country’s leading gaming operators, Gold Reef Resorts Limited and SABMiller owned Tsogo Sun Holdings Limited – almost one year to the day after the initial merger was announced.

Ireland’s Paddy Power said Thursday that it has obtained approval from the Treasurer of the Commonwealth of Australia regarding the company’s planned acquisition of the remaining shares in Sportsbet, Australia’s largest corporate bookmaker.

Online payment processor Neovia Financial plc has announced the acquisition of Optimal Payments, a Canadian online payments business, for a total consideration of up to US$50m.

Following last year’s acquisition of server-based gaming specialist Inspired Gaming Group, independent private equity firm Vitruvian Partners has made a further move in the gaming industry, backing a management buyout of NDS Group’s wholly owned subsidiary OpenBet, the online betting and gaming software provider.

Leading hotel operator Accor has agreed to sell its 49 per cent stake in French casino operator Groupe Lucien Barrière for a total consideration of €268m, having confirmed its intent to sell its stake following the cancellation of Barrière’s proposed IPO last September.

Looking to position the company as the independent software provider of choice for both the land-based and online gaming markets, Playtech Limited has acquired Intelligent Gaming Solutions (IGS), a provider of software based casino management systems to land-based casinos, in a deal worth up to £5.5m.

Ireland’s Paddy Power is bolstering its position in the Australian market with the acquisition of the remaining shares in Sportsbet, giving the company full ownership of Australia's largest corporate bookmaker.

As part of the company’s strategy to create a gaming division to compliment its existing lottery management business, The Weather Lottery (TWL) has confirmed that it has entered into a conditional agreement to acquire online poker business Devilfish Poker Ltd for a total consideration of £330,000.