Tag Archives: acquisition

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 …

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 …

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 …

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 …

GTECH SpA Chief Executive Officer Marco Sala announced via a corporate video that GTECH senior management had begun to plan the integration of recently acquired International Game Technologies (IGT), in what will become one of the gambling industry’s biggest technology operators. Sala stated that the board of GTECH, had created a steering committee in order to aid the process of …

Online bookmaker Stan James has denied reports that its Gibraltar operation is about to be sold off. Chief executive Denis Kelly told the Racing Post that there was no for sale sign outside the door, but that a bid at the right price would be considered. The imminent introduction of the point of consumption tax in the UK has seen …

Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …

Dr Peter Chadha, Managing Partner of E-gamingexperts.com, and CEO of DrPete Inc – has been an advisor on technology to some of the largest e-gaming companies in the world. Through working closely with board directors and senior management during M&As and IPOs, he has experienced close hand the challenges stakeholders face, and reflects upon what is needed to survive. The …