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Business
April 9, 2024
CMA: Spreadex and Sporting Index’s Merger May Have Created a Monopoly
The United Kingdom’s Competitions and Markets Authority (CMA) believes that the recent merger between Spreadex and the Sporting Index’s B2C business might have resulted in a substantial lessening of competition. The decision was published on April 4, providing the two parties with five working days to address the matter or have the transaction referred for […]
Business
April 4, 2024
Nevada Gives Initial Thumbs Up to Aristocrat’s Takeover Bid for NeoGames
Aristocrat has inched closer to acquiring NeoGames as the Nevada Gaming Control Board recommended the approval of the transaction. The matter will be officially settled at the board’s upcoming meeting on April 18, CDC Gaming Reports reported. NeoGames was founded in 2014 and, in 2023, secured a license to operate in Nevada. The company later […]
Business
April 3, 2024
Silver Lake to Acquire Endeavor Group Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced it has agreed to be acquired by the leading technology investor, Silver Lake. Announced Tuesday, the new acquisition will see Silver Lake pay $27.50 per share in cash for Endeavor. This price represents a 55% premium of the company’s unaffected share price as well as […]
Business
March 28, 2024
Conexus Group Launches M&A Advisory Firm Conexus Capital
The portfolio of world-class businesses that specialize in the provision of recruitment, training, consulting, Mergers & Acquisitions (M&A) Advisory, marketing, and managed services, Conexus Group, has announced the launch of a specialist M&A advisory firm. As announced by the group with offices all around Europe, the US, and the Asia Pacific region, the new firm, […]
Business
March 22, 2024
Rush Street Reportedly Eyes Sale, Reaches Out to DraftKings
Rush Street Interactive, one of the gaming groups in North America, is reportedly considering a potential sale amid a strategic review of its business. Anonymous sources also told Bloomberg that the operator has contacted a number of influential companies who could be potential buyers, including DraftKings. Rush Street, through its numerous brands, offers casino gaming […]
Business
March 21, 2024
Gambling.com to Acquire XLMedia Betting Assets in $42.5M Deal
Gambling.com Group, an award-winning performance marketing company serving the iGaming industry, has entered into an agreement to acquire XLMedia’s sports betting business in Europe and Canada. The $42.5 million deal comes in the wake of the signing of a new $50 million credit facility with Wells Fargo. Under the deal, Gambling.com will pay a fixed […]
Business
March 15, 2024
News International Could Acquire Racing Post
News International, the publisher of The Sun and The Times, is currently busy negotiating the potential acquisition of Racing Post, UK’s “horse racing bible” that belongs to the Spotlight Sports Group (SSG). The latter is a betting media, content, and data provider under the ownership of Exponent, a private equity fund. The turnover would perfectly […]
Business
March 12, 2024
Entain Reportedly Eyes Potential Sale of PartyPoker
In an effort to counter activist investors and keep its focus on core operations, the owner of Ladbrokes, Entain, is reportedly exploring options for selling PartyPoker. Last year, industry analysts suggested Entain may consider selling its stake in MGM, media reports confirmed at the time. Another option Entain may explore, as suggested by expert analysts, […]
Business
March 12, 2024
Standard General Makes Offer to Acquire Bally’s Corporation
Standard General, a New York-based hedge fund, has proposed to acquire the remaining shares of Bally’s Corporation, a renowned casino operator, at a price of $15 per share. This proposition represents a substantial increase of 41% over Bally’s closing share price on March 8, 2024. Standard General’s Ambitious Bid for Bally’s Spurs Investor Optimism Standard […]
Business
March 1, 2024
IGT and Everi Embark on Transformative Merger
International Game Technology PLC (IGT) and Everi Holdings Inc. have entered into definitive agreements that will separate IGT’s Global Gaming and PlayDigital businesses. Following the spin-off, these entities will combine with Everi to create a dynamic global gaming and fintech enterprise. The transaction, valued at approximately $6.2 billion, is set to reshape the landscape of […]
