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Business
May 20, 2024
Hard Rock Eyes Acquisition of Star Entertainment
Star Entertainment, one of the largest gambling operators in Australia, was tangled into a prolonged investigation over alleged breaches related to anti-money laundering rules, among other issues. Amid the regulatory hurdle, the operator remains subject to scrutiny. Government-appointed managers seek to ensure compliance of the operator’s casinos, while back in March, the company announced leadership […]
Business
May 17, 2024
Better Collective Expands UK Foothold with €42M AceOdds Acquisition
The digital sports media group, Better Collective, announced it successfully completed the acquisition of AceOdds, a leading UK sports betting media brand. The group confirmed that the acquisition with a price tag of €42 million ($45.5 million) was completed Thursday. The price tag of the acquisition represents a 4x premium on the last 12 months’ […]
Business
May 17, 2024
Gaming and Leisure Properties Acquires Three Casinos for $105M
Gaming and Leisure Properties, Inc. (GLPI) recently announced it has acquired three casinos in South Dakota and Nevada for a total of $105 million. The properties include the Silverado Franklin Hotel & Gaming Complex and the Deadwood Mountain Grand in Deadwood, South Dakota, as well as Baldini’s Casino in Sparks, Nevada. This move is the […]
Business
May 15, 2024
Emmett Voices Concerns over PlayAGS Acquisition by Brightstar
Earlier this month, AGS (PlayAGS), the leading company offering a range of gaming experiences powering the gambling industry across the globe, confirmed it entered into a definitive agreement for an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Brightstar offered a price of $12.50 per share, representing a 40% premium on AGS’ closing stock price […]
Business
May 10, 2024
Brightstar Announces $1.1bn Acquisition of PlayAGS, Stock Price Jumps
The global company, offering a diverse range of entertaining gaming experiences that resonate well with audiences across the globe, AGS (PlayAGS), announced it entered into a definitive agreement to go private via an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Details regarding the new business combination emerged Thursday with AGS’ Board of Directors unanimously […]
Business
May 9, 2024
DraftKings Acquired Sports IQ Analytics for an Undisclosed Sum
American gambling giant DraftKings has acquired Sports IQ Analytics, a company that uses advanced artificial intelligence and machine learning techniques to provide cutting-edge software solutions for the online sports gambling industry. The arrangement was announced by the latter company’s chief executive officer, Omer Dor and comes a week after DraftKings published its report for the […]
Business
April 26, 2024
Aristocrat Completes Its $1.2B Acquisition of Neo Group
On May 15, 2023, Aristocrat Leisure Limited, an Australian gambling machine manufacturer, announced its intention to acquire Neo Group in a historic deal. Almost a year later, the latter group, formerly known as NeoGames SA, announced that the transaction had been completed. The announcement comes a week after Aristocrat successfully navigated through the regulatory labyrinth, […]
Business
April 25, 2024
SKS365 CEO Departs in the Aftermath of Lottomatica’s Takeover
Lottomatica has completed its acquisition of SKS365, the latter company announced. According to the announcement the SKS365 full ownership has now been transferred to Lottomatica, marking a new chapter for both companies. The agreement was completed through GBO, an indirectly wholly owned subsidiary of Lottomatica, which acquired SKS365 Malta Holdings Limited’s entire share capital. According […]
Business
April 19, 2024
Spreadex-Sporting Index Merger to Undergo Further CMA Probe
A recent acquisition, encompassing the sale of the spread betting operator, Sports Index, to Spreadex captured the attention of the Competition and Markets Authority (CMA) in the United Kingdom. The deal dates back to November when La Française des jeux (FDJ), agreed to sell Sports Index to Spreadex, a competitor in the same industry. Financial […]
Business
April 19, 2024
Aristocrat Secures Regulatory Green Light for NeoGames Acquisition
NeoGames S.A. and Australian gaming giant Aristocrat Leisure Limited have successfully navigated through the regulatory labyrinth, receiving final approvals for their proposed merger. The Nevada Gaming Commission, alongside other regulatory bodies, has given the nod for Aristocrat’s acquisition of NeoGames, marking a significant milestone in the lucrative iGaming and iLottery markets. Aristocrat’s NeoGames Buyout Redefines […]
