M&A news sponsored by Playtech


International Arts Management Corp. has announced that its online gaming brand GR88.com has acquired the international college and university marketing organisation Lifeofsports.com.

Having formally completed the acquisition of Scientific Games Racing this morning following the issue of consideration shares to Scientific Games Corporation, Football Pools operator Sportech plc has made a number of changes to its board including the appointment of Ian Hogg to a newly created role as chief operating officer of the company’s UK and Online division.

Having rejected offers for its Italian gaming business last year, Italian sports betting giant SNAI has confirmed that it has received expressions of interest from a number of interested parties including rival gaming operator Sisal.

Looking to finally resolve the future of the state-owned Tote, the UK government has announced that it will launch an open market sale process in late Autumn, inviting proposals for the business from both private bidders and other parties.

Having recently completed its acquisition of fellow online wagering service Youbet.com, Churchill Downs Incorporated (CDI) announced this week that it has entered into a definitive purchase agreement to acquire Harlow’s Casino Resort & Hotel in Mississippi for US$138m.

The Cereus online poker network, formed by AbsolutePoker and UltimateBet in 2008, has been sold to Antigua based Blanca Games for an undisclosed sum. The acquisition includes the Cereus network, operating software and the AbsolutePoker and UB brands.

Leisure & Gaming plc (LNG) said Friday that is seeking shareholder approval to be reclassified as an investing company having agreed to dispose of its betting and gaming subsidiary Betshop Group Limited to Newco, a company established and backed by Spain’s Grupo Pefaco SL, in a deal worth up to €5.3m.

Having made its first major move into the Asian gaming market last year with an agreement to provide IT solutions to Interactive Entertainment Solutions Technologies (IEST), operator of a betting exchange in the Philippines, Betfair has now been offered a 40 per cent stake in IEST worth US$15m by Philippines-based Diversified Financial Network Inc (DFNN).

Further developing its presence within the U.S horseracing and pari-mutuel betting industry, Webis Holdings plc said Thursday that its pari-mutuel operation, European Wagering Services (EWS), has acquired Nevada-based WatchandWager.com LLC for a total cash consideration of $0.1 million.

Expanding the company's growing international presence, Spanish gaming group Codere S.A has completed the acquisition of Thunderbird Resorts Inc.'s 63.6 per cent stake in six casinos in Panama operating under the Fiesta Casino brand for a total consideration of US$38.0m.