OpenBet and IMG Arena owner Endeavor Group Holdings has entered into a definitive agreement to be acquired by American private equity firm Silver Lake.
Silver Lake will acquire 100 per cent of the outstanding shares it does not already own, other than rolled interests, with Endeavor stockholders receiving $27.50 per share [...]
Gambling.com Group has completed its previously announced acquisition of XLMedia’s European and Canadian sports betting and gaming affiliate assets.
The acquisition includes the Freebets.com site and follows the payment of an initial cash instalment of $20.0 million, with an additional $10.0 million to be paid on the six-month anniversary of closing.
A [...]
Bally’s shareholders are being urged to reject the $15 per share takeover offer from Standard General in favour of a strategy that would sell off a number of the company’s assets.
K&F Growth Capital, which owns less than one per cent of the shares in Bally’s Corp., describes the offer from [...]
Canadian payment provider Nuvei Corporation has entered into a definitive agreement to be taken private by Boston-headquartered private equity firm Advent International.
Advent will acquire all the issued and outstanding subordinate voting shares of Nuvei, and any multiple voting shares that are not rollover shares, for US$34.00 per share in cash, [...]
888 Holdings has completed the review of its consumer business in the United States with a deal to sell its assets to Hard Rock Digital.
The company said Thursday (28 March) that it has agreed a deal to sell selected US B2C assets to Hard Rock Digital, although it did not [...]
Gambling.com Group has reported a 42 per cent increase in revenue to $108.7 million for 2023, benefiting from a record fourth quarter performance.
Revenue in Q4 rose 52 per cent to a quarterly record $32.5 million, with North American revenue more than doubling to $20.3 million.
During the quarter, the company delivered [...]
XLMedia has entered into an agreement to sell its Europe and Canada sports betting and gaming affiliate assets to Gambling.com for up to $42.5 million.
XLMedia has been exploring opportunities to create shareholder value through further asset sales, and has now agreed a sale of affiliate brands including Freebets.com, WhichBingo.co.uk, Nettikasinot.com [...]
Hong-Kong-listed property developer Far East Consortium International is planning to spin off its European-based gaming and leisure business, Palasino Holdings, through an initial public offering in Hong Kong.
The company is proposing a spin off and global offering of 142,857,000 Palasino shares at HK$2.60 per share, representing approximately 17.86 per cent [...]
Bally’s Corporation shares gained almost 30 per cent on Monday after the company revealed a takeover offer by Standard General.
Standard General is Bally’s largest shareholder with a 23 per cent stake in the company and its managing partner, Soo Kim, serves as chairman of Bally’s.
The New York-based hedge fund has [...]
888 Holdings has launched a review of its business in the United States after pulling the plug on its Sports Illustrated (SI) licensing deal with Authentic Brands Group.
888 is active in four US states, offering the SI Sportsbook and SI Casino in Michigan, SI Sportsbook in Colorado and Virginia, and [...]
International Game Technology (IGT) is spinning off its Global Gaming and PlayDigital businesses to merge with Everi Holdings.
The business combination with Everi will create a diverse global gaming and fintech enterprise, with IGT shareholders expected to own approximately 54 per cent of the enlarged company and Everi stockholders the remaining [...]
Betting and gaming affiliate Better Collective has raised DKK1.08 billion (approximately €145.1 million) through a new share offering, which will be used for future M&A opportunities in the sports media space.
The company has issued 5,712,284 new shares, equivalent to approximately 10 per cent of its registered share capital, through an [...]