“We’re extremely excited by the news,” said Light & Wonder CEO Matt Wilson of his company’s February 18 acquisition of Grover Gaming. So excited was Wilson that he began the evening conference call by greetging the assembled Wall Street analysts with a hearty “Good morning!”Much of the call was
BlueBet Holdings has announced an agreement to acquire the assets of Australian sports betting operator TopSport, a move that will expand its market influence and enhance operational scale.The transaction is conducted in the form of an asset sale, with BlueBet taking over TopSport's customer databas
M&A Activity Is on the Table for DraftKings in 2025, Deutsche Bank SaysDeutsche Bank analyst Carlo Santarelli has suggested that mergers and acquisitions would be a likely strategy for American betting powerhouse DraftKings in 2025. This comes amid suboptimal Wall Street projections for the comp
Mergers and acquisitions are expected to be a key strategy for DraftKings, which is coming off a tough 2024 in terms of Wall Street guidance.Deutsche Bank has a Hold rating on the stock with a $33 price target. It’s been trading in the mid- to upper $30s.According to analyst Deutsche’s Carlo Santare
Allwyn Q3 Boosted by Strong Performance in Key MarketsAllwyn has published its preliminary unaudited financial results for the third quarter of 2024. As the company recorded increases across the board, CEO Robert Chvatal expressed excitement about its standout performance in Greece and Cyprus.A Stro
Sportradar CFO Discusses Strategic Growth and InnovationAt the Morgan Stanley Global Consumer and Retail Conference held on 4 December, Sportradar’s CFO, Craig Felenstein, shared perspectives on the company’s growth trajectory and strategic priorities. Felenstein emphasized a balanced commitment to
IGT has reported a slight dip in revenue and adjusted EBITDA for the third quarter of 2024, but CEO Vince Sadusky has expressed confidence in the direction the company is heading in.During the quarter, the company also announced the sale of its Gaming & Digital business to funds managed by affil
What technologies reshape the future of iGaming? Which business models will ensure growth for the companies? iGaming content providerSOFTSWISS shared its new iGaming Trends 2025 Report. The new edition scrutiny describes over 15 major trends classified into specific groups: technology, regulation, m
FDJ Posts YTD Results as Moody’s Reiterates Good ESG RatingLa Française des Jeux (FDJ) has published its official report for the first nine months of the year, reporting strong results in the wake of the merger with Kindred Group. The company’s recent acquisition cemented it as a “European champion”
The launch of the regulated betting and gaming market in Brazil is likely to drive a busy period of M&A activity, Lívia Troise, CEO of Betmais tells the new edition of SBC Leaders magazine.Issue 33 of the magazine focuses on Latin America, with a host of content about Brazil, Argentina, Colombia
Playtech has stated that it is “on course to deliver” its FY 2024 adjusted EBITDA slightly ahead of expectations, as B2B operations during the first half of the year drove growth for the business.Reflecting on the financials, CEO Mor Weizer noted that the company is “well placed” for growth with pla
Fantasma Games’ Shareholders Approve EveryMatrix’s Takeover BidEveryMatrix announced that an overwhelming majority of Fantasma Games’ shareholders have approved the former company’s takeover bid. For context, the acquisition required the approval of at least 90% of the content developer’s investors.
According to Acies Co-founder and Co-CIO Edward King, mergers and acquisitions have shaped the gaming industry from its inception. But in the third decade of the 21st century, M&A deals are increasingly complex and subject to increased scrutiny.“This is one of the most active spaces for private
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