Tag Archives: acquisition

MGM Resorts makes moves to acquire Entain Group

US casino giant MGM Resorts is attempting to acquire the Entain Group, the new name for the recently rebranded GVC Holdings, according to the Wall Street Journal. Entain operates several global gaming brands, including Ladbrokes, Coral, Bwin, PartyPoker , SportingBet, Gala Bingo, Eurobet and Betboo, but is already a partner with MGM in the burgeoning US sports betting and gaming …

Read More »

CMA gives the green light to Evolution’s proposed NetEnt acquisition

Evolution’s acquisition of NetEnt has been given the green light from the UK’s Competition and Markets Authority (CMA) almost two months after an investigation was launched to analyse if the transaction would lessen the competition in the region’s igaming market. Launching its investigation in September, the competition watchdog announced that it would be launching an inquiry in response to merger …

Read More »

£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, …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »