Tag Archives acquisition

Bally’s Corp completes AC acquisition: agrees 125m Bet.Works deal and Sinclair partnership

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After completing the previously announced acquisition of Bally’s Atlantic City Hotel & Casino from Caesars Entertainment, Inc. (NASDAQ: CZR) and Vici Properties, Inc. (NYSE: VICI), Bally’s Corporation, formerly Twin River Worldwide Holdings, has additionally agreed a deal to acquire Las Vegas-based sports betting technology company Bet.Works for $125 million, while also securing a long-term ...

Entercom Communications closes on $32m acquisition of sports betting data platform

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Philadelphia-based broadcasting company Entercom Communications Corp. (ETM:New York) has acquired sports data and iGaming affiliate platform QL Gaming Group for approximately $32 million. According to an official company press release, the Philadelphia-headquartered company closed on the all-cash deal on Tuesday, November 10, 2020, with the transaction providing QL Gaming’s data, analytics, and insight-driven content ...

Casigrangi gets nod for Société Française de Casinos acquisition

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Groupe Philippe Ginestet subsidiary, Casigrangi, has reportedly been given the nod by the French Ministry of the Interior to acquire at least 79.37 percent of the share capital along with voting rights of Paris-based company Société Française de Casinos (SFC) (SFCA:EN Paris). In its November 5, 2020 press release (pdf), the French casino group ...

Aspire Global storms sports betting arena via BtoBet acquisition

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Leading iGaming and sportsbook platform provider BtoBet will join forces with Aspire Global, after agreeing a deal comprising a cash consideration of €20m, €15 million of which is to be paid at closing and €5 million payable 12 months after closing. An additional performance-based consideration is payable two years from the close date and ...

William Hill completes acquisition of American rival CG Technology

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British bookmaker William Hill has reportedly announced that its American subsidiary has completed its planned purchase of local rival CG Technology and is now looking to rapidly incorporate the acquisition’s setup into its own already extensive operation. According to a Tuesday report from the Bloomberg news service, the London-listed operator’s William Hill US subordinate ...

CasinoSecret acquisition to complement Casumo portfolio

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Maltese online casino and sportsbook services company Casumo has announced its very first acquisition, after agreeing a deal for the purchase of CasinoSecret. Founded in 2018, the fast-growing online operator has a “distinct retention model and unique market expertise” and will complement Casumo’s fast-growing portfolio within the competitive online gaming space. CasinoSecret operates under a ...

DraftKings to merge with Diamond Eagle Acquisition Corp. and SBTech; becoming public company

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DraftKings, a daily fantasy sports and bookmaker, is merging with Diamond Eagle Acquisition Corp. and SBTech, to become a public company. Because the merger includes a special purpose acquisition company, DraftKings will become public and avoid the standard IPO process. New Deal: The new merger was announced on Monday. With DraftKings combining with the ...

Blueprint Gaming adds to portfolio with recent Livewire Gaming acquisition

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Hot on the heels of its latest release, and multiplatform developer for digital games, Blueprint Gaming, has now announced its acquisition of Livewire Gaming, United Kingdom-based games creator. The move further bolsters the Nottinghamshire-headquartered firm’s position as a top slots supplier to every sector of the competitive gaming industry. Established in 2007, Livewire Gaming ...

Majority share acquisition to see Gaming Innovation Group enter Croatian market

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iGaming technology company, Gaming Innovation Group Inc. (GiG) (OSL:GIG), has agreed a deal that pending regulatory approvals will see it acquire a majority stake in Croatian operator Top Games d.o.o. Under the terms of the share purchase agreement, the Stockholm-listed gaming operator and supplier will acquire 75% of Top Games’ shares and plans to ...

Churchill Downs to “to restore Turfway to its former glory” in $46m acquisition

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Louisville-headquartered racetrack and casino operator, Churchill Downs Inc. (NASDAQ: CHDN), has reportedly entered into an agreement to acquire the Thoroughbred racetrack in Northern Kentucky, Turfway Park, from Jack Ohio LLC and Hard Rock International. The $46 million deal is contingent on approval by the Kentucky Horse Racing Commission (KHRC), which will meet on Tuesday. ...