Gambling Clear News
Gaming Innovation Group (GiG) is targeting further expansion in North America after completing its previously announced acquisition of KaFe Rocks. GiG will pay a total of €35m for the affiliate group, which includes a €15m upfront cash payment. KaFe Rocks operates a portfolio of more than 30 brands in more than 20 markets, including Time2Play
Australian gaming machine supplier Ainsworth Game Technology has commenced a strategic review amid widespread reports that it is seeking a buyer. New South Wales-headquartered Ainsworth confirmed it has appointed Macquarie Capital as its financial advisor to undertake a review of all potential opportunities available. No expressions of interest have been received from suitors, the ASX-listed
Chris Rogers, chief strategy officer at Penn Entertainment, has outlined how Penn and ESPN will operate the highly-anticipated ESPN Bet in Massachusetts. Rogers presented the operating plan during a public meeting of the Massachusetts Gaming Commission (MGC) on 7 November. The meeting was held to review Penn Entertainment’s divesture of Barstool and its $1.5bn deal
Better Collective has acquired Playmaker Capital for a total price of €176m (£153m/$188m) with an expected close in Q1 2024. According to Better Collective, the deal will make it the market leader in South America and “enhance North American leadership”. In financing the purchase, Better Collective will be using shares for 65% and 35% cash.
Real Luck Group, the company behind the Luckbox brand, has revealed plans to restructure its operations after a proposed merger agreement was withdrawn. The operator last month signed a letter of intent (LOI) for a possible merger or acquisition. At the time, Real Luck said this had the potential to ensure its immediate prospects and to fund
Playtech has confirmed it has opened talks over the potential acquisition of Italian-facing operator SKS365 Malta Holdings. News broke this morning that Playtech and Flutter have lodged bids for SKS365, the operator behind PlanetWin. The brand has a presence across both the online and land-based markets in Italy. According to Sky News, sources close to the
The Copenhagen-based affiliate has announced the acquisition of Tipsbladet.dk in line with its strategy to become the leading digital sports media group. Better Collective is purchasing Tipsbladet for €6.5m (£5.59m/$6.94m) on a cash and debt-free basis. The affiliate will finance the figure with cash and pay it in three installments. Better Collective estimates that the
Entain CEE is set to close the acquisition of STS on 24 August after its offer was accepted by investors holding 99.3% of the operator’s share capital. Entain CEE’s tender offer, announced in June, sees the joint venture pay PLN24.80 per STS share for an equity value of £750m, and an enterprise value of approximately
Interblock is acquiring electronic table game (ETG) assets from Aruze Gaming America, as the supplier continues to sell off its US assets. The strategic acquisition marks a “significant step” in Interblock’s ongoing growth strategy, it said. The supplier will integrate Aruze’s EGT product line into its portfolio, adding more than 700 employees to its workforce.
All Penn Entertainment’s brands are powered by proprietary technology after Barstool Sportsbook and Casino was migrated to its in-house platform. The migration took place simultaneously across 16 states where Barstool operates during Major League Baseball’s (MLB) All-Star Break, the largest-scale technology migration in North American gaming to date. Penn describes the migration as a major
