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Business
March 15, 2024
News International Could Acquire Racing Post
News International, the publisher of The Sun and The Times, is currently busy negotiating the potential acquisition of Racing Post, UK’s “horse racing bible” that belongs to the Spotlight Sports Group (SSG). The latter is a betting media, content, and data provider under the ownership of Exponent, a private equity fund. The turnover would perfectly […]
Business
March 12, 2024
Entain Reportedly Eyes Potential Sale of PartyPoker
In an effort to counter activist investors and keep its focus on core operations, the owner of Ladbrokes, Entain, is reportedly exploring options for selling PartyPoker. Last year, industry analysts suggested Entain may consider selling its stake in MGM, media reports confirmed at the time. Another option Entain may explore, as suggested by expert analysts, […]
Business
March 12, 2024
Standard General Makes Offer to Acquire Bally’s Corporation
Standard General, a New York-based hedge fund, has proposed to acquire the remaining shares of Bally’s Corporation, a renowned casino operator, at a price of $15 per share. This proposition represents a substantial increase of 41% over Bally’s closing share price on March 8, 2024. Standard General’s Ambitious Bid for Bally’s Spurs Investor Optimism Standard […]
Business
March 1, 2024
IGT and Everi Embark on Transformative Merger
International Game Technology PLC (IGT) and Everi Holdings Inc. have entered into definitive agreements that will separate IGT’s Global Gaming and PlayDigital businesses. Following the spin-off, these entities will combine with Everi to create a dynamic global gaming and fintech enterprise. The transaction, valued at approximately $6.2 billion, is set to reshape the landscape of […]
Business
February 21, 2024
FanDuel Acquires BeyondPlay for an Undisclosed Sum
Flutter’s sports betting and fantasy sports brand FanDuel has acquired the iGaming software startup BeyondPlay in a strategic deal. While the monetary aspect of the arrangement was not disclosed, executives expressed their excitement about the deal. BeyondPlay was founded in 2021 and offers a jackpot management system and multiplayer software. The first solution allows the […]
Business
February 21, 2024
Caesars to Acquire WynnBET’s Michigan iGaming Operations
The leading betting and gaming operator, Caesars Entertainment, announced an important acquisition, allowing it to significantly strengthen its footprint in one of the six online gambling markets across the United States. On Tuesday, the company confirmed the acquisition of WynnBET’s Michigan iGaming operations. In other words, Caesars acquired the company’s online gambling operations in the […]
Business
February 20, 2024
FDJ Reportedly Considers Divesting Sporting Solutions
La Française des Jeux (FDJ), the premier lottery and sports betting operator in France, confirmed earlier this week that it will officially launch its public tender offer for Kindred Group. The announcement came after its blockbuster $2.5 billion bid was approved by the Swedish gambling regulator with the company confirming that the offer is expected […]
Industry
February 19, 2024
FDJ to Officially Launch Public Tender Offer for Kindred
France’s premier lottery and sports betting operator, La Française des Jeux (FDJ), announced that its takeover proposal for Kindred Group has been approved by the Swedish regulator. As a result, the French betting powerhouse will launch its offer on February 20. According to FDJ, its offer document secured the official approval of the Swedish Financial […]
Business
February 19, 2024
Betsson Returns to the Netherlands via $30M Holland Gaming Technology Acquisition
Online gambling group Betsson announced its re-entry into the Dutch market via the acquisition of Holland Gaming Technology and Holland Power Gaming. The EUR 27.5 million ($29.6 million) deal will allow Betsson to triumphantly return to the Netherlands after its exit several years ago. The gambling group had to pull out from the newly-regulated Dutch […]
Business
February 16, 2024
DraftKings Expands Reach with $750M Acquisition of Jackpocket
DraftKings Inc. has finalized an agreement to purchase Jackpocket, the prominent US lottery app, for a staggering $750 million. DraftKings’ Partnership with Jackpocket Signals Entry into US Lottery Industry The deal, structured with approximately 55% cash and 45% stock components, underscores DraftKings’ strategic maneuver to tap into the vast potential of the US lottery industry. […]
