Gambling Clear News
EveryMatrix chief executive Ebbe Groes described the supplier’s acquisition of betting and igaming platform provider FSB Technology as its “most ambitious acquisition to date”, giving its OddsMatrix sportsbook division a foothold in the African, Irish and UK markets. FSB’s full end-to-end turnkey solutions, including its player account management software and horse racing products, will strengthen
As activist investors are pushing Penn Entertainment to divest its digital gaming arm, The Deal is reporting Flutter and Boyd Gaming may partner on a deal. Boyd has a 5% ownership stake in Flutter, and partners with Flutter’s FanDuel in the US for retail and digital sports betting. Penn stock was up 4.22% midday Friday
Industry analysts at Barclays and Deutsche Bank have flagged various challenges in Boyd’s potential bid for Penn Entertainment, including Penn’s complex ESPN Bet deal with Disney and the product being seen as undervalued by the market. Reuters reported today (21 June) that US casino operator Boyd Entertainment has presented Penn with a takeover bid that valued the
Investment group Penta Investments is working alongside JP Morgan to explore the potential sale of Fortuna Entertainment Group. Penta is exploring its options for Fortuna, which currently operates in Poland, Croatia, Romania, Slovakia and the Czech Republic, running sites and betting shops under the Fortuna, Casa Parulior and PSK brands. Any sale of Fortuna could
International Game Technology (IGT) will merge its Global Gaming and PlayDigital businesses with Everi to create a “comprehensive and diverse” global enterprise. IGT will spin off its Global Gaming and PlayDigital businesses, which will then combine with Everi. Under the agreement, IGT shareholders are expected to own around 54% of shares in the combined business.
Caesars Entertainment said growth within its digital division pushed revenue up 6.5% year-on-year in 2023, while the group is seeking to build on this success by acquiring WynnBet’s Michigan igaming business. The 12 months to 31 December 2023 proved to be a solid year for Caesars. Revenue was higher across all divisions, with group revenue
French lottery and gaming giant La Française des Jeux (FDJ) has published the public tender offer document for its proposed acquisition of Kindred Group. Revealed today (19 February), the document follows the offer FDJ put forward last month, valuing Kindred at SEK27.96bn (£2.12bn/€2.49bn/$2.68bn). FDJ has offered SEK130 in cash for each Swedish Depository Receipt (SDR) in
Games Global has completed its acquisition of the B2B assets of Digital Gaming Corporation (DGC B2B) from Super Group. Supplier Games Global agreed to acquire the assets from Super Group exactly one year ago today (7 February). Financial terms of the deal are not public. Games Global says the purchase marks a significant milestone for the
During ICE Vox today, (5 February) Bill Miller, president and CEO of the American Gaming Association (AGA), said it believes the American model of gaming showcased worldwide is a “successful long-term endeavour”. The comment was made at the ECA Opening: Global Associations panel at the International Casino Conference. The panel was moderated by Tom Nieman
Danske Spil-owned Danske Licens Spil has agreed to sell its 60% ownership stake in the Swush fantasy sports platform to Danish tabloid newspaper Ekstra Bladet. Should the agreement be approved as expected at the Danske Spil general meeting, Ekstra Bladet will take ownership of Swush on 31 January. Dankse Spil and Ekstra Bladet agreed not
