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Industry
July 5, 2023
Entain, Superbet Withdraw Interest in Slovenia’s Sports Lottery
The saga of the sale of Slovenia’s Sports Lottery has come to a sudden end after both candidates to acquire a stake, Entain and Superbet, withdrew their applications. Purchase Applications Withdrawn Slovenia’s Ministry of Finance announced that negotiations for the acquisition of a major stake in the state-run sports betting operator, Sports Lottery (Športna Loterija) […]
Industry
July 3, 2023
Golden Matrix and MeridianBet Amend Acquisition Terms
Gaming technology and content supplier, Golden Matrix Group Inc. (GMGI), and MeridianBet Group announced an amendment to the definitive agreement reached at the beginning of the year. Less Cash, More Stock The Amended and Restated Purchase Agreement for the acquisition of MeridianBet Group and its related companies by GMGI extends the required closing date of […]
Business
July 3, 2023
Better Collective Acquires Playmaker HQ in a $54M Deal
Better Collective announced the acquisition of Playmaker HQ, which will boost the former company’s social media and sports content. The acquisition cost the digital sports media group a total of $54 million, $15 million of which will be upfront. A million will be paid in deferred payments and an extra $38 million in performance-based earnout […]
Business
July 3, 2023
EveryMatrix Acquires DeepCI, Starts Data-Driven Product Integration
Starting July 1, the global affiliate intelligence platform Deep Competitive Intelligence (DeepCI) for iGaming affiliate programs has joined EveryMatrix, the group that delivers software, content, services, and solutions for Tier 1 and brand-new iGaming operators. The DeepCI team that was originally brought together by Lewis Civin and Riaan de Jager three years ago will be […]
Business
June 30, 2023
PointsBet’s Shareholders Vote in Favor of US Assets Sale
PointsBet announced that an overwhelming majority of its shareholders supported the sale of its US-facing business to the well-known sports merchandise company, Fanatics. Fanatics Betting and Gaming, the company’s sports retail division, filed a proposal for the takeover of PointsBet’s US assets in a deal for some $225.0 million, a significant increase from its initial […]
Industry
June 26, 2023
Rumors of Personal Motives Behind DraftKings’ PointsBet Bid
Failed merger negotiations may be behind DraftKings’ last-minute bid to acquire PointsBet USA and derail an already negotiated deal with Fanatics, according to a media report. Block Fanatics from New York Entry DraftKings chief executive officer Jason Robins is determined to “level the score” with Fanatics boss Michael Rubin, still holding a grudge after Rubin […]
Business
June 16, 2023
DraftKings One-Ups Fanatics in a Bid to Purchase PointsBet USA
Interest in PointsBet’s US division continues to mount as multiple parties expressed interest in acquiring the gaming entertainment company’s regional assets. DraftKings’ recent proposal is substantially higher than the competing offer by Fanatics, increasing its appeal to shareholders. A successful acquisition would bolster DraftKings’ position in the rapidly expanding US sports betting market. The New […]
Business
June 16, 2023
Eminence Capital Calls Entain’s STS Acquisition “Destructive” in Open Letter
Eminence Capital, the investment firm located in New York that currently owns around 13.2 million shares in the popular FTSE 100 sports betting and gaming group Entain, has published an open letter addressing the latter’s board of directors in regard to their proposal to acquire STS Holdings. The Harshly Critical Letter, Accusing Entain of Lack […]
Business
June 15, 2023
Betsson to Enter Belgium via €120M betFIRST Acquisition
The holding company that invests and manages fast-growing companies within the iGaming vertical, Betsson AB, unveiled plans regarding a new acquisition, allowing it to enter the regulated gambling market in Belgium. On Thursday, the company confirmed its plans to acquire betFIRST, a leading sports betting and gaming operator in the country. Details released by Betsson […]
Business
June 14, 2023
Entain Acquires STS and Strengthens Presence in Central and Eastern Europe
Entain, the owner of well-known gambling brands such as Ladbrokes and Coral, has announced its plans to acquire STS Holding, a leading sports betting company based in Poland, in a deal worth approximately £750 million ($945 million). The bid has received approval from the two largest shareholders of STS, Mateusz Juroszek and Zbigniew Juroszek, who […]
