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Business
May 10, 2024
Brightstar Announces $1.1bn Acquisition of PlayAGS, Stock Price Jumps
The global company, offering a diverse range of entertaining gaming experiences that resonate well with audiences across the globe, AGS (PlayAGS), announced it entered into a definitive agreement to go private via an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Details regarding the new business combination emerged Thursday with AGS’ Board of Directors unanimously […]
Business
May 9, 2024
DraftKings Acquired Sports IQ Analytics for an Undisclosed Sum
American gambling giant DraftKings has acquired Sports IQ Analytics, a company that uses advanced artificial intelligence and machine learning techniques to provide cutting-edge software solutions for the online sports gambling industry. The arrangement was announced by the latter company’s chief executive officer, Omer Dor and comes a week after DraftKings published its report for the […]
Business
April 26, 2024
Aristocrat Completes Its $1.2B Acquisition of Neo Group
On May 15, 2023, Aristocrat Leisure Limited, an Australian gambling machine manufacturer, announced its intention to acquire Neo Group in a historic deal. Almost a year later, the latter group, formerly known as NeoGames SA, announced that the transaction had been completed. The announcement comes a week after Aristocrat successfully navigated through the regulatory labyrinth, […]
Business
April 25, 2024
SKS365 CEO Departs in the Aftermath of Lottomatica’s Takeover
Lottomatica has completed its acquisition of SKS365, the latter company announced. According to the announcement the SKS365 full ownership has now been transferred to Lottomatica, marking a new chapter for both companies. The agreement was completed through GBO, an indirectly wholly owned subsidiary of Lottomatica, which acquired SKS365 Malta Holdings Limited’s entire share capital. According […]
Business
April 19, 2024
Spreadex-Sporting Index Merger to Undergo Further CMA Probe
A recent acquisition, encompassing the sale of the spread betting operator, Sports Index, to Spreadex captured the attention of the Competition and Markets Authority (CMA) in the United Kingdom. The deal dates back to November when La Française des jeux (FDJ), agreed to sell Sports Index to Spreadex, a competitor in the same industry. Financial […]
Business
April 19, 2024
Aristocrat Secures Regulatory Green Light for NeoGames Acquisition
NeoGames S.A. and Australian gaming giant Aristocrat Leisure Limited have successfully navigated through the regulatory labyrinth, receiving final approvals for their proposed merger. The Nevada Gaming Commission, alongside other regulatory bodies, has given the nod for Aristocrat’s acquisition of NeoGames, marking a significant milestone in the lucrative iGaming and iLottery markets. Aristocrat’s NeoGames Buyout Redefines […]
Business
April 11, 2024
BetMakers Technology Group Unveils Acquisition of RACELAB Assets
BetMakers Technology Group announced that it has acquired assets of RACELAB, a leading international supplier of enhanced racing wagering products and technologies. According to the report, the former company will pay a total of AUD 1.5 million ($980,000) in cash with a clawback of up to AUD 500,000 ($326,000) dependent on key customer novation within […]
Business
April 11, 2024
BlueBet Confirms Historic Merger with Betr
The merger between BlueBet and Betr is now a fact. After months of speculation and rumors, the former company confirmed the acquisition on the ASX. Under the agreement, Betr’s parent company, the Tripp Group, will receive a majority of shares in BlueBet. The merger will benefit both companies in different ways. BlueBet will be able […]
Business
April 10, 2024
BlueBet Shares Surge as Merger with Betr Approaches
BlueBet’s shares experienced a sharp increase ahead of the betting company’s merger with Betr. According to a report by the Australian Financial Review, a local news outlet, the deal should be closed soon. Following the report, BlueBet’s share price spiked to AUD 0.33, vastly increasing the firm’s market cap. The shares proceeded to fall back […]
Business
April 9, 2024
Churchill Downs Finalizes Sale of United Tote Stake to NYRA
A few years ago, Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, announced its intention to divest its stake in United Tote, a provider of totalizator equipment and services for parimutuel wagering at racetracks. CDI initially acquired the stake in United Tote back in 2010 as a part of an acquisition of Youbet.com. […]
