Tag: Merger and Acquisitions

Smart money bets on Flutter-Stars mega-merger

Flutter Stars mega merger
Flutter Entertainment’s plan to combine with Stars would create an “unbeatable” force in the US market . With a 40 percent share in the UK market, however..

LeoVegas buys UK iGaming and casino operators for £65m

leovegas hbl casinogrounds
LeoVegas has agreed to acquire the assets of Intellectual Property & Software Limited (IPS) and other related assets from two further companies, including top brands such as 21.co.uk, Slotboss, Bet UK and UK Casino.   The company has been on an acquisition spree of late, following its deal to buy CasinoGrounds last month. During the fourth quarter of 2017, IPS generated...

Sportradar US acquires AI start-up MOCAP Analytics

mocap analytics
Sportradar US has acquired MOCAP Analytics, Inc, in a bid to “combine Sportradar’s leadership in sports data with MOCAP’s expertise in AI-powered data storytelling”, the former said in a statement.   As the US edges closer to allowing more states  the option of sports betting, the two companies are expected to develop player-tracking data products to engage NBA, NFL and other...

Tatts Tabcorp merger blocked again, with appeal from competition authority

BB155-Betting2-Tatts Tabcorp
Australia’s competition authority has withdrawn its injunction against the Tatts Tabcorp merger, to focus on the “main game” of appealing the deal - as Packer’s Crown-Bet prepares to poach Tatts if all falls through.   The merger was approved last month via a less vigilant competition tribunal - yet the snubbed Australian Competition and Consumer Commission has come outfighting for its...

Tatts Tabcorp merger given green light

Betting Business merger
Shares in Tatts and Tabcorp climbed five percent a piece on midsummer’s eve when news broke that the duo’s long-conceived tie-up merger had finally been approved. The realisation of Tatts-Tabcorp had been resisted for over a decade, by the Australian Competition and Consumer Commission (ACCC), rival bookmakers and Racing Victoria. The deal would diminish competition for licences and broadcast rights,...

Amaya and Baazov part ways after acquisition talks

Betting Business, Casino Review, Amaya, David Baazov, resignation
David Baazov, former CEO of PokerStars parent Amaya, has ended his bid to acquire the firm after failing to come to agreement on share price.   Amaya, the owner of the largest online poker network in the world, has confirmed that it has ended talks with former CEO David Baazov over a potential acquisition of the firm. In a statement released to...

Cherry secures remaining shares in ComeOn Malta Ltd.

Betting Business Fredrik Burvall ComeOn Malta Cherry
The private gaming company Cherry has acquired the remaining shares in ComeOn Malta Ltd to become the third largest player in the Nordics.   Cherry, the Swedish online gaming operator, has confirmed it has completed an acquisition of the final 51 per cent of shares for ComeOn Malta Ltd. The company claims it exercised its option to obtain the remaining shares in...

NOVOMATIC complete acquisition of Albanian National Lottery

Betting Business Albanian national lottery
Industry leaders NOVOMATIC continues to expand its lottery business following the recent acquisition of the Albanian National Lottery.   NOVOMATIC, Europe’s leading gaming technology group, has completed the final required steps for the successful acquisition of the Albanian National Lottery. Following a tender carried out in 2012, Lotaria Kombëtare had been granted a ten-year license to establish, operate and manage the Albanian...

Tatts and Tabcorp in last-ditch attempt to win back Aussie market

Betting Business Tatts and Tabcorp
As competition hots up in Australia’s online gambling markets, the two biggest firms - Tatts Group and Tabcorp - on the island have announced a £7bn merger to protect their market share.   The two biggest players in Australian gaming are looking to join forces, in an attempt to fend off foreign rivals making gains in their home market. Previously state-owned enterprises,...

Coral also posting fourth quarter gold ahead of Ladbrokes merger

Betting Business Gala Coral Ladbrokes
In more good news for the seminal high street merger, Gala Coral has almost matched Ladbrokes’ impressive fourth quarter, lifted by online growth. The high street bookmaker posted a nine percent lift in revenues for the 12 weeks to 25 September – only three percent behind its newly betrothed, Ladbrokes, which grew by 12 percent – marking possibly the last...

Amaya and William Hill merger talks abandoned

betting business Amaya William Hill
UK bookmaker William Hill and Amaya, the Canada-based online poker giant, have walked away from talks of a possible £4.5bn (E5bn) merger.   Earlier this month, the two companies responded to press speculation by confirming they were in discussions regarding a potential all-share “merger of equals”. “After canvassing views from a number of William Hill’s major shareholders, the board has decided that...

Callcredit Information Group acquires Recipero

Betting Business Callcredit
Callcredit Information Group acquires proprietary database firm Recipero to accelerate the execution of its fraud and identity protection strategy   Callcredit Information Group, backed by private equity firm, GTCR, has acquired Recipero, a company that has built one of the world’s largest proprietary databases containing detailed information of the history and ownership of mobile devices, in a deal designed to accelerate...

Cherry confirms acquisition of restaurant casino brand Betman

Betting Business Cherry Betman
Swedish gaming giant Cherry confirms acquisition of restaurant casino brand Betman   Cherry has agreed to acquire the casino agreements, casino staff and equipment from Betman AB as of 1 October 2016. Betman operates restaurant casino in 15 venues with 27 gaming tables in Stockholm, Sälen and Visby. Fredrik Burvall, CEO Cherry AB, commented: "The acquisition of Betman means that we further...

Stride Gaming complete acquisition of 8Ball, Netboost Media and Tarco Assets

Betting Business Stride Gaming aquisiton
Stride Gaming has completed the £70.2m (€84.7m) acquisition of gaming companies 8Ball, Netboost Media and Tarco Assets on 31 August.   The purchase will see Stride become the 4th largest online bingo player in the UK and the largest gaming operator in the UK who has its own proprietary software. The company say the acquisition will increase Stride’s market share of the...

Rank and 888 withdraw from William Hill takeover

888 William Hill Rank
Rank Group and 888 have announced the withdrawal of their proposed takeover bid for London-based bookmaker William Hill on 19 August.   Rank and 888 said in a joint statement that they would abandon a possible deal after failing to ‘meaningfully engage with the board of William Hill’. On 14 August, William Hill received a revised £3.1bn (€3.6bn) bid from the consortium,...

Cherry completes €80m ComeOn acquisition

Betting Business, Cherry ComeOn
Cherry AB has completed its acquisition of 49 percent of the shares in online casino operator ComeOn.   The consideration for the 49 percent has been paid with 2,901,475 B-shares and €39.7m in cash, making a total outlay of €80m. The issue of shares has been directed to the sellers of ComeOn and represents a 16.8 percent dilution in Cherry. In the...

Playtech buoyant after Best Gaming Technology (BGT) buy-out

Betting Business, Playtech BGT merger Best Gaming
Playtech will further strengthen its position in the sports-betting market with the acquisition a 90 percent stake in Austrian software provider Best Gaming Technology.   Gambling software group Playtech have acquired Austrian sports betting software provider Best Gaming Technology (BGT). The move is the latest in a series of consolidations that has swept through the industry and the buyout sees Playtech poised...

William Hill embroiled in valuation row after rejecting second Rank-888 proposal

William Hill sales
A war of words has broken out between William Hill and its two suitors over the valuation of the company, with sources close to Rank and 888 accusing William Hill of “moving the goal-posts”.   William Hill has less than a week to reach an agreement over a potential three-way merger with Rank and 888 after rejecting a sweetened cash-and-stock bid...

Boylesports bids €118m for Ladbrokes Coral merger shops

Betting Business, bookmaker merger
Boylesports has bid €118m to secure 360 shops from Ladbrokes and Coral. The merging bookmakers will make room for Boylesports’ first expansion outside of the Republic of Ireland and Northern Ireland.   Boylesports has mounted a €118m bid to secure the 360 shops that Ladbrokes and Coral must sell to complete their merger. While Betfred has also been rumoured as a...

William Hill shoots down ‘risky’ Rank-888 bid

Betting Business, William Hill
William Hill swiftly moved to reject the £3.3 bn takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings, after the pair formally confirmed their proposal to acquire the bookmaker yesterday afternoon.   The board of the betting operator said that the offer “substantially undervalued” its corporate enterprise, branding the move “highly opportunistic.” Adding that it saw no...

Analysts predict Tabcorp-Tatts merger revival

Betting Business, Tabcorp Tatts merger
The wagering giants could be reviving its previously stalled merger talks with Tatts Group.   Australian operator Tabcorp could soon be seeking to revive its stalled merger deal with rival Tatts Group after the two companies announced acquisition deals.   The gambling operators had been discussing details of a merger in November, creating a deal worth $9.4bn (E8.4bn), but those same discussions fell...

William Hill brokers £13.6m Grand Parade takeover deal

William Hill Grand Parade CEO
The UK bookmaker, which is just days away from setting out the first stages of its digital overhaul, is to acquire gaming software developer Grand Parade for a cash and stock consideration of £13.6m.   William Hill has agreed to acquire Grand Parade, a software development firm, for £13.6m (€16.1m) in a part-cash, part-stock deal. In a statement made on Tuesday, William...

Stride Gaming to acquire 8Ball, Tarco and Netboost assets

Bingo Stride Gaming Tarco
Online gaming operator Stride Gaming has announced a conditional agreement to acquire certain assets of Tarco Limited, the entire issued share capital of Netboost Media Limited, a marketing business which services the Tarco Assets, and the entire issued share capital of 8Ball Games Limited. The acquisitions will be funded in part by a conditional placing on a non pre-emptive basis...

XIN Gaming expands its horizons with European acquisitions

XIN Gaming
Asia facing games and system developer XIN Gaming, has acquired two Swedish companies, software and solutions provider Tain, and Betting Promotion, a sportsbook supplier. “This acquisition is a milestone for XIN Gaming,” said Mathias Larsson, XIN Gaming’s managing director. “Tain is one of the most established brands in the online market and this heritage is important as we believe it...

Novomatic acquires Talarius from Tatts Group

Novomatic Talarius Tatts Group
Tatts Group has sold its UK slots division Talarius to Novomatic in a deal worth AUS$210m (€141.2m). In a statement confirming the agreement, Tatts said that proceeds from the deal would be used to help pay off its corporate debt as the company targets year-end profits of AUS$255 - 265m, performing slightly under analyst expectations.   The sale of Talarius follows three...

Cogemat shareholders approve SNAI merger

Cogemat SNAI merger
Shareholder meetings of the three companies forming Italy’s Cogemat betting group have given their unanimous ascent to a proposed merger agreement with Italian competitor SNAI. According to Reuters, investors in Cogetech, Cogetech Gaming and Azzuro Gaming have now all given the nod to an agreement - proposed in May last year - to join with SNAI, in a bid to...

Tabcorp bids for New Zealand Racing Board TAB deal

Tabcorp John Allen
Tabcorp is one of three companies vying for a wagering deal with New Zealand’s TAB, as the Australian firm jockeys for a position that would enable it to expand into overseas markets and diversify its earnings. The New Zealand Racing Board (NZRB) is seeking a partnership in support of a move towards automation of its fixed-odds betting operation, in a...

Sky Betting and Gaming moves to acquire CORE Gaming

Sky acquire CORE
The UK’s Sky Betting & Gaming brand has agreed to purchase CORE Gaming, one of its mobile content suppliers, according to a report by insidermedia.com. Based in Solihull, UK, CORE Gaming specialises in the creation of HTML5 real money games for casino operators and betting websites - and has been working as a supplier to Sky for several years. The purchase...

NYX eyes the UK market with Betdigital acquisition

NYX Merger
In the latest in a series of M&A moves, NYX has acquired games development studio Betdigital, a fast-growing enterprise that develops games for the UK online and retail market, for a maximum consideration of £24.6m.   US-based games platform provider NYX is set to acquire Betdigital, a prominent UK-facing games studio, in the latest in a string of high-profile acquisitions. According to...

Desmond loses appeal over Ladbrokes Gala Coral merger

Dermot Desmond
The appeal board of the UK Takeover Panel has ruled against Dermot Desmond’s request for a shareholder revote in a row over the Ladbrokes’ merger with Gala Coral.   Dermot Desmond, a prominent shareholder in Ladbrokes, has failed in his appeal against the company’s planned merger with Gala Coral. Desmond, who owns 2.72 percent of the bookmaker’s shares, had voiced his displeasure...

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