Tag Archives: CVC Capital

Tipico Sportwetten has announced that Axel Hefer will succeed Joachim Baca as Chief Executive of the DACH markets gambling group. The promotion follows Baca’s decision to end his eight-year tenure as Group CEO of Tipico, who will now serve as Chairman of the company. Baca was praised for his transformative tenure, maintaining Tipico as Germany’s biggest sportsbook, steering the company …

The assets of Entain Plc are being closely circled by private equity giants, with a view to plunder the FTSE100 gambling group under its strategic review. As reported by The Sunday Times, the ‘US private equity barons’ of Apollo Global and CVC Capital are considering a break-up of Entain as the business ends its era of ‘casino capitalism‘, following last …

Tipico, the leading DACH markets bookmaker, has become a reported target of US apparel and entertainment company Fanatics Inc.  Yesterday, CNBC reported that dealmakers were at ‘an impasse on price’ as negotiations were ongoing to secure Fanatics’ takeover of Tipico Sportwetten. Fresh from offloading his 10% stake in Harris Blitzer Sports Entertainment, the US sports fund that owns the pro-sports …

PokerStars has made its multi-product offering  available in Greece under the terms of a full operating licence from the Hellenic Gaming Commission (HGC). The licence, secured in July of last year, enables the Flutter Entertainment firm to operate sports betting and gaming products, launching the PokerStars, PokerStars Sports and PokerStars Casino brands. PokerStars offering will therefore include sports betting wagering, …

CVC Capital Partners has partnered with Gaming1, the Belgian Ardent Group’s entertainment brand, supporting the next phase of the latter’s growth strategy.  As a result of the collaboration between CVC and Gaming1’s majority shareholders, the US-based global investment firm will provide the international gambling group with ‘expertise’ to support its growth strategy.  Gaming1 is currently active in nine countries, including …

GeoComply has moved to strengthen its commercial and business development strategy by appointing Sarafina Wolde Gabriel as Senior Director of Global Markets.  The affiliate marketing figurehead confirmed via Linkedin that she had ended her 18-year tenure as an executive of Income Access, choosing to join the leadership team of the igaming fraud prevention and IP-security solutions provider. The appointment follows …

The third quarter of 2021 saw further regulatory developments across Europe, and one of the year’s biggest M&A saga’s concluded as 888 Holdings finalised the terms of its William Hill acquisition.  Sportradar, the Swiss sports data and technology company, successfully completed its public listing on the US Nasdaq stock exchange in September, with some assistance from basketball legend Michael Jordan. …

Flutter Entertainment Plc has this morning announced that it has secured definitive terms to acquire Italian gambling group Sisal for a consideration of €1.9 billion (£1.62bn). An agreement has been reached with US private equity fund CVC Capital – the current owner of SIsal – which will see the Italian market leader in online and lottery verticals transferred to Flutter’s …

Gambless has recorded 3,500 self-assessment tests completed via its mobile app, revealing strong differences in problem gambling across international borders, with English speakers encountering issues much more than other linguistic groups. Publishing its first annual report, the Mindspa-funded and ORCHHA-certified international gambling harm prevention app found that English speakers, mainly from the US, UK, and Australia, recorded a 57% higher …

Sisal SPA, the operating company of Italy’s SuperEnalotto lottery and Matchpoint betting shops, has filed for an Initial Public Offering (IPO) to list its business on the Milan Borsa Exchange.  Reuters reports that the CVC Capital owned gambling group has agreed to sell its shares to an unnamed private equity firm.   Although most of the firm’s revenues come from its …