IMG ARENA to acquire Leap Gaming
IMG ARENA today announced it has agreed to buy Leap Gaming (Leap), a virtual sports and casino games provider.
The investment will enhance IMG ARENA’s sports betting content portfolio. The closing of the transaction is expected in the first half of 2023, subject to customary closing conditions including a regulatory review process.
Combined with IMG ARENA’s award-winning ‘Event Centre’ product suite, Leap’s cutting-edge, 3-D & motion capture technologies and best-in-class products provide customers including sports federations and sportsbook operators with engaging and varied content to enrich the fan experience.
The deal builds on IMG ARENA and Leap’s existing partnership and vision to ‘officialise’ virtual sports with the addition of official logos, team names, venues and other branded assets. Through this partnership, IMG ARENA and Leap have launched official virtual sports betting products with NASCAR and EuroLeague.
Established in 2014 and based in Nevis, with offices in Israel, Malta and Ukraine, Leap Gaming works with 120 sportsbook operators around the globe. Leap CEO Yariv Lissauer will become Senior Director & General Manager – iGaming, IMG ARENA and his 58-strong team will join IMG ARENA.
Freddie Longe, President, IMG ARENA, said: “When we invested in Leap Gaming in 2018, our aim was to create official products and unlock new revenue streams and forms of fan engagement for our clients. We are delighted to extend that partnership and officially welcome Leap into the IMG ARENA team.
“The acquisition will enable us to build on the work we have already done with Leap to take the virtual sports experience to new levels and continue to enhance our sports betting content portfolio.”
Yariv Lissauer, CEO, Leap Gaming, added: “Leap joining the IMG ARENA business is a natural union born out of synergies in product, customer base and, most importantly, culture and vision. This will enable us to leverage our knowledge, strengths and resources to deliver an enhanced range of best-in-class virtual sports products.”
IMG ARENA delivers live streaming and data feeds for more than 45,000 sports events annually, as well as for on-demand virtual sports products and front-end solutions including the UFC Event Centre. IMG ARENA’s clients include the ATP, UFC, DP World Tour, PGA Tour, MLS and the FA.