Tag Archives: acquisition

Mr Green would accelerate William Hill international growth

Mr Green

William Hill has laid out some of the rationale behind its £245m offer to acquire online casino group MRG, the parent company of Mr Green in its offer document to shareholders. The company believes that the acquisition will give William Hill access to an international hub in the shape of Malta from which to drive international growth together with deeper …

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£175.6m acquisition of 32Red expands Kindred’s multi-brand strategy

Henrik Tjärnström, CEO of Kindred Group, has said that his firm’s £175.6m acquisition of 32Red is consistent with the firm’s ‘multi-brand strategy and stated desire to grow our business in regulated and soon to be regulated markets’. 32Red will now join Kindred’s stable of brands which includes Unibet, Stan James, Maria Casino and Bingo.com. Commenting on the deal, announced this morning, …

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BOS Speaker Profile: Harry Lang – Pinnacle: Wise Up! Marketing leadership amid new industry values…

A Betting on Sports conference speaker (15-16 September), Pinnacle Marketing Director Harry Lang details to SBCNews the changing dynamics of marketing leadership amid new industry values focusing on data, knowledge-sharing and intelligence. Lang tells SBCNews, that the future industry marketing winners will ultimately test industry legacy values in what is now a more accountable marketplace… __________________________ SBC: Harry, great to catch …

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Clarion to buy 75% stake in £19.7m iGaming Business

Consolidation in the gaming industry has spread into the events and media arena with Clarion Events in advanced talks to acquire iGaming Business from Electric Word Plc. Clarion has agreed to purchase Electric Word’s 70% share of the business and will also buy a further 5.1% from founder Michael Caselli, who will retain the remainder of the shares, in a …

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Development focus for Openbet Hellas S.A.

OpenBet, leading software provider to the sports betting and gaming industry, has significantly expanded its global presence through the acquisition of its previously outsourced Greek operation from Athens Technology Center S.A (ATC). The acquisition initially increases headcount at OpenBet by 25%, with the additional employees focused on development. It will allow the business to continue to improve its ability to …

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William Hill on the prowl with 888 the prey

Online casino operator 888 has seen its share price jump by 18% after it revealed that William Hill has been considering making a move for the company. Shares in 888 rose 26.5 pence to 171.5 pence at the close of trading in London, valuing the company at about £608m. In a regulatory announcement, 888 told the stock market: “The Board …

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Bwin to sell its social business at a €7m loss

Bwin.Party is close to selling its social gaming business and is in continuing merger talks with other parties. In a pre-close trading update, the firm revealed that it is in ‘active discussions’ regarding the sale of Win, the group’s social gaming business, and that it expects to make a further announcement shortly. The company had announced a huge expansion into …

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CVC takes control of £800m Sky Bet

CVC Capital Partners is to spend a potential £720m to buy a controlling stake in online bookmaker Sky Bet. Under the agreement, Sky will receive £600m on completion of the deal, and further deferred and contingent payments of up to £120m, while Sky will retain an equity stake of 20% in Sky Bet, with which it has entered a long-term …

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Bally shareholders to vote on Scientific deal next month

Slot gaming expert Bally Technologies, Inc is holding a special meeting for shareholders on 18 November to vote on the proposed merger into Scientific Games. The deal will see Bally continue as a wholly owned subsidiary of Scientific Games. The merger, which is expected to be completed by the end of calendar 2014, is subject to the approval of a …

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Intertain agrees deal for €89.1m Vera&John

Canadian gaming group The Intertain Group has agreed to buy Malta-based operator Vera&John for €81m, with a potential of another €8.1 should the firm perform to certain standards. Intertain revealed that it has entered into a non-binding letter of intent to acquire Vera&John parent company Dumarca Holdings Limited using €44.5 million in cash and €36.5 million in common shares. The …

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