Tag Archives: M&A

Global Gaming Technologies appoints Nolan Bushnell as new CEO

Nolan Bushnell, the founder of Atari Inc, has joined blockchain gaming group Global Gaming Technologies as its new chief executive and chairman, which will come into effect immediately. Bushnell has previously held the position of CEO at blockchain games developer X2 Games Corp, which is a wholly-owned subsidiary of Global Gaming. In addition to this, Bushnell is also the founder …

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Sportech completes acquisition of LOT.TO

London Stock Exchange (LSE) listed Sportech PLC has completed its outright acquisition of iLottery systems and games provider  LOT.TO. The acquisition is set to provide Sportech with a new digital gaming vertical for iLottery, as well as enhancing its internal capacities incorporating LOT.TO’s product proven technology development teams. It intends to cement the racing and wagering systems provider’s global gaming …

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Independent Content Services: Looking ahead to 2019

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Andrew Morgan, International Director at Independent Content Services, anticipates 2019 will be all about M&A, the USA and the ongoing rise of esports. It has been another incredible year for the global online gambling industry. From power-play acquisitions to new markets opening their doors to legal betting for the very first time, the past 12 months have been transformational for …

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Playtech moves into Italy with €846m Snaitech acquisition

Major industry supplier Playtech has pulled off an audacious move with an agreement to purchase Italian bookmaker Snaitech. The initial deal will see Playtech acquire 70.6% of the operator after which it will be compelled to make a mandatory takeover offer for all the remaining shares. Commenting on the transaction, Mor Weizer, Chief Executive Officer of Playtech said: “The acquisition …

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Rising Stars and Hill slides – divergent tracks after merger talks

The degree to which the fortunes of the Stars Group and William Hill have diverged since their failed merger talks 18 months ago provides an interesting counterpoint to the current obsession with sector M&A. A recent note on Stars published by the Canadian analyst team at Canaccord Genuity noted that the company’s share price rose 54 percent in 2017, placing …

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bet365 and Sky Bet – where did it all go right?

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The happenstance of bet365 and Sky Betting & Gaming (SBG) releasing results on consecutive days earlier this week rammed home an important message about the dominance of the market leaders in the UK online scene. The numbers were mightily impressive. Total net revenues from the gambling business at bet365 comfortably sailed past the £2bn barrier, up a huge 39 percent …

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Michal Kopec – Better Collective: New Reality…Understanding the affiliate M&A condition

A key stakeholder in industry affiliate Better Collective’s international expansion, Michal Kopec (Head of M&A) details his firm’s significant acquisition activity undertaken this summer. In a changing affiliate landscape, how should leadership stakeholders gauge and value potential affiliate assets. Furthermore, is affiliate M&A fully understood as a marketing expansion vertical. _____________________ SBC: Hi Michal, it’s been a busy period for …

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‘Very successful start’ for combined Ladbrokes Coral

Ladbrokes Coral CEO Jim Mullen has hailed the merged company’s first annual results announcement as a ‘very successful start’ for the enlarged group, with the combined results delivering 11% growth in revenues and a 22% increase in gross profits after tax. The standout performers are Ladbrokes Coral are the Digital division, which saw operating profit increase 125% and European Retail …

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Alan Jackson – Playtech continues to focus on ‘strong commercial pipeline’ & ‘shareholder returns’

Alan Jackson Chairman of Playtech Plc, has praised his firm’s strong opening to 2016, stating that the company’s commercial pipeline has continued its positive 2015 momentum. Updating investors at Playtech’s Annual General Meeting (AGM), Jackson detailed that the gambling technology provider had recoded improved core metrics maintaining growth in its average daily revenues. Playtech governance expects further corporate growth to …

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Isle of Man has strong approach to player protection

The Isle of Man has been hailed as a strong regulator when it comes to player protection laws. Speaking at the KPMG eGaming Summit Isle of Man, Annexio Managing Director Jennifer Houghton highlighted the regulations that help protect a player’s money as particularly successful. In a presentation on the ‘Multi-jurisdictional Licensing Process’, she commented: “One of the key strengths of …

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