Tag Archives: Gamesys Group

Bally’s acquisition of Gamesys to close on 1 October

Bally’s Corporation has confirmed that its takeover of Gamesys Group will reach completion on 1 October, putting an end to the months-long acquisition process. The US sports betting and gaming conglomerate revealed that the M&A process had received regulatory approval from the UK Gambling Commission (UKGC), but added that approval was still required from US counterparts. A court hearing sanctioning …

Read More »

10 MPs received match tickets from betting firms throughout Euro 2020

The BBC has reported that 10 MPs from the two largest political parties received tickets to UEFA Euro 2020 Championship, in addition to other prominent sporting tournaments. Overall, eight Conservative Party MPs and two Labour Party MPs were gifted tickets worth between £1,537.60 and £3,457, with the two members of the latter party serving as members of the Shadow Cabinet. …

Read More »

Gamesys merger with Bally’s moves closer to completion

The acquisition of Gamesys Group by Bally’s Corporation is now closer to completion, after the board of the US betting and gaming conglomerate obtained the required votes for all shareholder approvals. Under the terms of the initial takeover agreement signed in April, the merger will see Bally’s, in cooperation with Premier Entertainment, acquire the entire issued and to be issued ordinary …

Read More »

Bally’s shows its hand targeting a £2bn takeover of Gamesys

Bally’s Corporation has reached an ‘agreement in principle’ to acquire Gamesys Group Plc after proposing an initial approach of +£2 billion.  The US gambling conglomerate, which seeks to aggressively expand its digital portfolio, has offered an £18.50 cash per share offer to Gamesys investors to open negotiations.  Bally’s stated that its offer equates to a near 40% premium on Gamesys’ …

Read More »

Gamesys announces strong performance in trading report

Gamesys Group has announced an “outstanding operational performance” for 2020, despite the significant global setbacks posed throughout the year by the COVID-19 pandemic. The Group’s Board is confident that FY 2020 Revenue and Adjusted EBITDA at or above the ‘upper end of current market expectations’ will be reported, following a strong trading performance recorded in the fourth quarter of the …

Read More »

Gamesys targets strong 2020 closing after successful Spanish launch

Gamesys Group Plc has cited continued growth momentum across its brand portfolio as the LSE-listed online gambling group recorded growth on all key operating metrics.   Publishing its Q3 2020 trading statement, Gamesys recorded a 31% increase in group revenues to £190 million, reflecting a period of strong organic growth which was supported by an increase in customer activity. Providing …

Read More »

Gamesys maintains UK growth as Euro regulatory headwinds stall performance

Gamesys Group has lauded its ability to mitigate COVID-19 complications, implementing ‘more restrictive advertising and bonusing requirements’ across its active European markets domains. Publishing its H1 2020 interim results (period ending 30 June), Gamesys revealed that regulatory headwinds in Sweden had contributed to the decline in revenues, with implications hampering its European operations falling by 4% from £36 million to …

Read More »

Gamesys tops list for GambleAware Q1 donations

Q1 industry donation figures released by GambleAware have listed Gamesys Group as its highest donor for the period, having contributed more than half of the total £820,000 received by the charity. Donating £450,000, Gamesys topped the list of the 144 donations received, with its Virgin Bet Limited subsidiary also contributing £5,224. UK licensing requirements demand that all license holders should …

Read More »

Gamesys halts UK advertising during lockdown

Gamesys Group Plc has disclosed that it will be suspending all TV and radio advertising across the UK until COVID-19 restrictions are lifted, highlighting its concerns over targeting children and those vulnerable to problem gambling.  Publishing its Q1 trading update for the three month period ending 31 March 2020, the company emphasised that it will be strengthening its responsible gambling …

Read More »

Gamesys predicts FY 2019 results will be at the ‘upper end of current market expectations’

Gamesys Group remains confident that its FY 2019 results will reach the ‘upper end of current market expectations’ as detailed in a pre-market update. Celebrating what the group considers to be a ‘landmark year’, Gamesys has predicted that the group’s expansion into new markets combined with the progress made by its UK contingencies will support Gamesys’ continued growth. Lee Fenton, Chief …

Read More »