Posts From: April 2021

XB Systems set to merge with Galaxy Group

XB Systems has released its first trading update, and announces that it has signed a Letter of Intent to merge with Galaxy Group Ltd. XB Systems AG, operating under the...

M&A
Bally’s and Gamesys Group strike merger deal

Bally’s Corporation and Gamesys Group have agreed on definitive terms by which Bally’s will combine with Gamesys, a leading, global, online gaming operator. Consistent with U.K. regulatory requirements, Bally’s arranged interim financing for the transaction...

M&A
Evolution acquire Big Time Gaming

Evolution has entered into an agreement to acquire online slot developer Big Time Gaming. Evolution Gaming Group is to to acquire the entire issued share capital of Big Time Gaming...

M&A
DraftKings acquires BlueRibbon Software

DraftKings has acquired Blue Ribbon Software, a Tel Aviv-based leading global jackpot and gamification companythat provides platform-agnostic, real-time gamification tools that allow for fully customizable jackpot promotions. DraftKings will now...

M&A
Rank completes sale of Blankenberge casino

Rank has confirmed that it has now completed the sale of its Blankenberge casino and associated digital licence to Kindred Group. Total consideration for the sale was £25 million on...

M&A
DraftKings strengthens sports offering with VSiN acquisition

DraftKings has acquired Vegas Sports Information Network, a multi-platform broadcast and content company delivering trusted sports betting news, analysis, and data to U.S. sports bettors. The acquisition will enable DraftKings,...

M&A
Bally’s completes acquisition of Monkey Knife Fight

Bally’s Corporation has completed the previously announced acquisition of Monkey Knife Fight the third-largest daily fantasy sports operator in North America. The acquisition makes Bally’s only the third sports betting company in the...

M&A
Element Partners raises takeover offer for WPT

Element Partners submitted a revised bid for Allied Esports, World Poker Tour assets increasing the overall purchase price from $68.25 million to $90.5 million. Allied’s board of directors unanimously approved the revised...

M&A
Enlabs minority shareholders told to accept Entain takeover offer

Entain through its wholly-owned subsidiary Bwin Holdings (Malta) Limited has announced a public cash offer to the shareholders of Enlabs AB to tender all their Enlabs shares to Entain. On...

M&A
Allied Esports board set to recommend revised takeover bid by Bally

Allied Esports Entertainment said it has determined that a revised proposal from Bally’s Corp, constitutes a superior proposal under the company’s pending stock purchase agreement with Element Partners. As per...

M&A