Better Collective completes acquisition of Playmaker Capital

Better Collective, a global leader in digital sports media, has successfully acquired Playmaker Capital, marking a significant milestone in its expansion strategy. This acquisition, valued at €176 million, positions Better Collective as the frontrunner in digital sports media across South America.

Evolution’s strategic acquisition of Malta-based casino provider

Evolution, a leading live casino provider, has announced its strategic acquisition of Livespins, a Malta-based casino streaming supplier. This move marks a significant step in Evolution’s growth strategy, further strengthening its position in the online gaming industry.

Better Collective announces acquisition of Playmaker Capital for €176 million

Better Collective, a leading affiliate in the sports betting industry, has received approval from Playmaker Capital’s shareholders for its €176 million acquisition of the company. This deal positions Better Collective as the market leader in South America and enhances its position in North America.

Boyd Gaming and Monarch Casino downgraded as market speculates possible M&A activity

Boyd Gaming and Monarch Casino & Resort have been downgraded due to concerns about consumer lethargy in regional casinos. Stifel analyst Steven Wieczynski has lowered his ratings on both stocks from “buy” to “hold”, citing an uninspiring, if not concerning, outlook for the regional gaming market. His price targets for Boyd and Monarch are $69 and $70 respectively, while shares of Boyd closed at $62.28 and Monarch at $65.12.

FDJ’s impact on Kindred employees and market departures

The Board of Kindred has confirmed to employees that it does not intend to make any major changes in operations.

Creation of European online gambling giant: FDJ to buy Malta-based Kindred Group for $2.5 billion

In another major deal in the gambling industry, France’s state-owned lottery operator FDJ has offered to buy Sweden’s Kindred Group for $2.7 billion. The acquisition would create a European leader in online betting and gaming, with a presence in 25 countries and a combined revenue of about 3.5 billion euros

Entain’s battle with BetCity former shareholders – lawsuit follows acquisition

On 7 December, Entain’s Netherlands subsidiary filed a suit in the UK’s Commercial Court against a number of former shareholders of BetCity. The case number is CL-.

Golden Matrix to complete MeridianBet acquisition in Q1 2024

MeridianBet anticipates the completion of its acquisition by the renowned online game developer and licensor, Golden Matrix Group Inc (GMGI), by the end of the first quarter of 2024. This revelation comes after GMGI's agreement to purchase MeridianBet in January 2023 for a substantial sum of approximately US$300.0 million (£235.1 million/€273.8 million), initially aiming for a closure in the first half of 2023.

Activist Hedge Fund HG Vora pushes for change at Penn Entertainment

HG Vora Capital Management, led by former Goldman Sachs banker Parag Vora, formally requested the appointment of directors to Penn Entertainment's board. The fund currently holds an 18.5 percent interest in Penn Entertainment, that include swaps.

Tiger Resorts initiates strategic expansion plan after managing Okada Manila

In a bold strategic move, Tiger Resort Leisure and Entertainment Inc., the operator of Okada Manila, has embarked on an expansion journey, signalling a significant development after seven successful years of managing the integrated resort and casino in Entertainment City.