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Business
July 16, 2024
Accel Entertainment to Acquire Fairmount Holdings in a $35M Deal
Accel Entertainment, a leading distributed gaming operator in the US, announced that it has entered into an agreement to acquire Fairmount Holdings, the owner of FanDuel Sportsbook & Horse Racing. The deal will see Accel Entertainment pay $35 million for the acquisition, payable to the sellers as 3.45 million shares of Accel Class A-1 common […]
Business
July 16, 2024
Relativity Acquisition Confirms Plans to Merge with Mazaii in $500M Deal
Blank check company sponsored by the Delaware limited liability company, Relativity Acquisition Sponsor LLC, Relativity Acquisition Corp., has announced its intention to acquire the Montreal-based innovator within the online gambling industry, Mazaii Corp Ltd. Recently, Relativity Acquisition confirmed it has entered a letter of intent for the acquisition of the iGaming developer. Under the terms […]
Business
July 15, 2024
Rush Street Interactive Sale May Be Imminent, Suggests Report
Earlier this year, rumors emerged about the potential sale of Rush Street Interactive (RSI), the leading betting and gaming operator with a presence across the United States and owner of the popular brand BetRivers. Although the rumors emerged in March, details are scarce with only DraftKings being named as a potential buyer of RSI. Despite […]
Business
July 8, 2024
EveryMatrix Acquires FSB Technology in Its Biggest M&A Deal Ever
EveryMatrix announced that it has acquired full turnkey and specialist sportsbook technology provider FSB Technology in a new all-cash deal. Set to underpin the OddsMatrix sportsbook platform and odds feeds division, the acquisition will create instant value for EveryMatrix. According to the announcement, the arrangement will generate immediate additional revenues and cross-company synergies. Additionally, it […]
Sports
July 8, 2024
Caesars Entertainment Acquires Australian Tech Startup ZeroFlucs
Caesars Entertainment, a prominent player in the casino and hospitality industry, has purchased Brisbane-based software firm ZeroFlucs Group. The acquisition is aimed at improving Caesars’ sports betting capabilities within its digital segment, Caesars Digital. This move comes after successful cooperation between the two companies that led to the integration of ZeroFlucs’ technology into the Caesars […]
Business
July 8, 2024
Penn Entertainment Shares Soar as Flutter Weighs In on Potential Acquisition
Flutter Entertainment is said to be considering the purchase of interactive assets from Penn Entertainment in a notable move for the gaming industry. Flutter could team up with Boyd Gaming, which has also expressed interest in buying Penn. Penn Entertainment Shares Rise as Flutter Weighs in on Potential Acquisition Following this news, shares of Penn […]
Sports
July 4, 2024
DraftKings Eyes Potential Sale of Vegas Sports Network
DraftKings is said to be thinking about selling the Vegas Sports Information Network (VSiN). VSiN is a Las Vegas-based sports betting radio network that the company bought for $70 million back in March 2021. Analysts are drawing parallels between this possible transaction and Penn Entertainment’s offloading of Barstool Sports last year, when Barstool went back […]
Business
June 24, 2024
MGM to Acquire Tipico’s US Platform and Empower LeoVegas
Gambling and hospitality powerhouse MGM Resorts International has unveiled the acquisition of Tipico Group’s US assets, in line with previous rumors. The deal will see MGM, through its LeoVegas subsidiary, acquire Tipico’s sportsbook and iGaming platform in the United States. Tipico decided to divest its US assets earlier this year, citing market shifts as the […]
Business
June 21, 2024
Boyd Gaming Eyes Penn Entertainment, Considers Acquisition
US casino powerhouse Boyd Gaming has reportedly approached fellow casino giant Penn Entertainment with an acquisition proposal. People familiar with the matter told Reuters that this could be the biggest casino merger in the US since Eldorado Resorts $17.3 billion acquisition of Caesars Entertainment. Following Reuters’ report, Penn’s shares experienced an increase of 8% to […]
Business
June 17, 2024
GiG Sets Out to Acquire SEO Specialist Titan, Considers Bond Tap Issue
Gaming Innovation Group (GiG), a leader in iGaming marketing and media, announced that it has signed a head-of-terms agreement to acquire Titan, a provider of SEO and content services. According to the former company, this acquisition will significantly enhance its operational efficiency and market position. GiG explained that the agreement would reduce costs and bolster […]
