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Business
June 30, 2023
PointsBet’s Shareholders Vote in Favor of US Assets Sale
PointsBet announced that an overwhelming majority of its shareholders supported the sale of its US-facing business to the well-known sports merchandise company, Fanatics. Fanatics Betting and Gaming, the company’s sports retail division, filed a proposal for the takeover of PointsBet’s US assets in a deal for some $225.0 million, a significant increase from its initial […]
Industry
June 26, 2023
Rumors of Personal Motives Behind DraftKings’ PointsBet Bid
Failed merger negotiations may be behind DraftKings’ last-minute bid to acquire PointsBet USA and derail an already negotiated deal with Fanatics, according to a media report. Block Fanatics from New York Entry DraftKings chief executive officer Jason Robins is determined to “level the score” with Fanatics boss Michael Rubin, still holding a grudge after Rubin […]
Business
June 16, 2023
DraftKings One-Ups Fanatics in a Bid to Purchase PointsBet USA
Interest in PointsBet’s US division continues to mount as multiple parties expressed interest in acquiring the gaming entertainment company’s regional assets. DraftKings’ recent proposal is substantially higher than the competing offer by Fanatics, increasing its appeal to shareholders. A successful acquisition would bolster DraftKings’ position in the rapidly expanding US sports betting market. The New […]
Business
June 16, 2023
Eminence Capital Calls Entain’s STS Acquisition “Destructive” in Open Letter
Eminence Capital, the investment firm located in New York that currently owns around 13.2 million shares in the popular FTSE 100 sports betting and gaming group Entain, has published an open letter addressing the latter’s board of directors in regard to their proposal to acquire STS Holdings. The Harshly Critical Letter, Accusing Entain of Lack […]
Business
June 15, 2023
Betsson to Enter Belgium via €120M betFIRST Acquisition
The holding company that invests and manages fast-growing companies within the iGaming vertical, Betsson AB, unveiled plans regarding a new acquisition, allowing it to enter the regulated gambling market in Belgium. On Thursday, the company confirmed its plans to acquire betFIRST, a leading sports betting and gaming operator in the country. Details released by Betsson […]
Business
June 14, 2023
Entain Acquires STS and Strengthens Presence in Central and Eastern Europe
Entain, the owner of well-known gambling brands such as Ladbrokes and Coral, has announced its plans to acquire STS Holding, a leading sports betting company based in Poland, in a deal worth approximately £750 million ($945 million). The bid has received approval from the two largest shareholders of STS, Mateusz Juroszek and Zbigniew Juroszek, who […]
Esports
June 10, 2023
Tiidal Gaming Completes C$13.25m Sportsflare Sale to Entain
Esports and gaming platform operator, Tiidal Gaming Group Corp., announced today that the transaction for the sale of its esports betting business, Sportsflare, to global sports betting and gaming group, Entain, has been closed. Purchase Price, Holding Period Tiidal Gaming Group sold its wholly-owned subsidiary, Tiidal Gaming NZ Limited, the company behind Sportsflare, for gross […]
Industry
June 8, 2023
IGT Evaluates Strategic Options about Global Gaming, PlayDigital Divisions
Global supplier of gambling technology and solutions, International Game Technology (IGT), announced today that the Global Gaming and PlayDigital divisions are the focus of a strategic evaluation by the board of directors. Portfolio Value Maximization In a press release, the board of directors at IGT informed all investors and stakeholders that it is currently considering […]
Business
June 8, 2023
Aristocrat CPO Points Benefits the Acquisition of NeoGames Will Bring
In mid-May, Aristocrat Leisure Limited unveiled details regarding an acquisition of the iLottery and iGaming solutions provider, NeoGames. The deal with a price tag of a staggering $1.2 billion ultimately seeks to provide a significant boost for Aristocrat, powering its expansion and presence within different verticals. The Israeli-based online gambling, lottery and betting solutions provider, […]
Business
May 30, 2023
XLMedia Partially Sells Personal Finance Unit for $1.3M to MPD Media
After announcing its partnership with bet365 as part of a new revenue-share contract with the purpose of promoting responsible gambling on the North American market at the start of May, XLMedia is finishing the month with another big announcement. The global digital media company has partially sold its Personal Finance assets including various websites and […]
