Posts From: April 2021

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
Caledonia offloads Buzz Bingo for ‘Nominal’ amount

Caledonia Investments has sold its shareholding in Buzz Bingo to Intermediate Capital Group for a nominal amount.  The Covid-19 crisis and the severe restrictions imposed by the Government on leisure...

M&A
PointsBet buys Banach to bolster US business

PointsBet Holdings Irish subsidiary, Lockspell, has entered into a binding share purchase agreement to acquire Banach Technology. PointsBet will acquire Banach for US$43m on a cash and debt free basis....

M&A
LeoVegas seals Expert Nordics acquisition

LeoVegas is acquiring Expekt Nordics Ltd and related assets from Betclic Group. Expekt is one of the most well-known sports betting brands in Sweden and the Nordic countries. The total...

M&A
Entain receives approval for Enlabs takeover

Entain has received necessary regulatory approvals regarding the recommended public cash offer to the shareholders of Enlabs On 7 January 2021, Entain announced a public cash offer to the shareholders...

M&A