Mergers and Acquisitions
Slots M&A the right way
The world of gambling has been dominated by mergers and acquisitions in recent years, with slots studios especially liable to be snapped up. Cole Rush…
Playtika seeks M&A after lower H1 costs help business return to profit
The chief financial officer of social gaming business Playtika said the business is excited about future merger and acquisition opportunities, as slightly higher revenue and…
To SPAC or not to SPAC: An insider’s view
Having used special purpose acquisition companies (SPACs) as to exit investments, Clairvest’s Mohit Kansal, Michael Andrisani and Michael Wagman explain why they are experiencing a…
Better Collective closes $240m Action Network acquisition
Better Collective has closed its $240m acquisition of the Action Network, the largest deal in the super-affiliate’s history. The deal was announced at the start of…
Genius to form new holding company for NYSE listing
Genius Sports Group will form a new holding company, Galileo NewCo, for the proposed business combination with dMY Technology Group II that will see the…
Jason Ader launches new SPAC targeting gaming acquisitions
26 Capital Acquisition Corp, a special purpose acquisition company (SPAC) founded by activist investor Jason Ader, will list on the Nasdaq today (15 January) following an initial…
Billionaire Moelis funds new SPAC with eye on gaming sector
Investment banking billionaire Ken Moelis has founded a new special purpose acquisition company (SPAC), Atlas Crest Investment II, which will seek to merge with a…
dMY shareholders to vote on Rush Street merger on 29 December
Special purpose acquisition company (SPAC) dMY Technology Group will hold a shareholder meeting on 29 December in order to approve its proposed reverse merger with…
Genius Sports Group acquires scoreboard data supplier Sportzcast
Sports data provider Genius Sports Group has agreed to acquire Sportzcast, a US sports data distribution system manufacturer. Sportzcast produced Scorebot, a program that delivers…
Flutter ups FanDuel stake to 95% in $4.18bn deal
Paddy Power Betfair and Pokerstars owner Flutter Entertainment has conditionally agreed to purchase a further 37.2% stake in US betting and daily fantasy sports brand…
Caesars and William Hill jointly sponsor NFL’s Colts
Caesars Entertainment and William Hill have together signed a deal to become an official sports betting partner of the Indianapolis Colts, the first joint team…
Twin River Q3 earnings set to return to pre-pandemic levels
Twin River revealed the business took a step toward financial normality in the third quarter with revenue set to come in between $100m and $130m, as…
State of the Union: DraftKings, Covid-19, Puerto Rico and more
This week’s State of the Union, in partnership with Segev LLP, includes DraftKings’ first financial statements since its merger with SBTech and public listing on…
State of the Union: Caesars, New Jersey, college football and more
This week’s State of the Union, in partnership with Segev LLP, covers the first results update from Caesars Entertainment since the merger between the former…