Enigmatic hedge fund investor builds position in Penn Entertainment

David Einhorn, the enigmatic hedge fund manager and co-founder of Greenlight Capital, has been the turbulent market waters with strategic investment choices. Despite the market’s volatility, Einhorn has continued to diversify his portfolio, with Penn Entertainment being one of his notable acquisitions in the first quarter.

Sports betting compliance M&A: US Integrity and Odds On Compliance merge to Form IC360

The sports betting compliance industry has experienced some M&A activity, with US Integrity and Odds On Compliance merging to form a new entity known as Integrity Compliance 360 (IC360). The merger was announced by sports tech venture capital fund, SeventySix Capital, earlier this week.

Caesars Entertainment expected to announce positive results on April 30

Caesars Entertainment (NASDAQ: CZR), the listed Casino giant is expected to post positive results in its quarterly earnings on April 30, 2024. US-based equity research analysts advise to hold or buy the stock ahead of the results call. The company stated that the re-branding of its online casino has been successful, while sale of non-core assets is also on the agenda.

SiGMA Group acquires majority stake in iGaming Academy

SiGMA Group has announced it has acquired a majority stake in iGaming Academy, which offers vocational and compliance training in over 25 jurisdictions, to more than 60,000 gaming professionals yearly, for an undisclosed figure.  This acquisition is set to greatly complement their current portfolio by embedding various forms of industry education throughout SiGMA’s global event…

UK competition watchdog investigation into Spreadex-Sporting Index deal

The United Kingdom’s Competition and Markets Authority (CMA) has launched a comprehensive investigation into the acquisition of Sporting Index by Spreadex, both of which are major players in the sports-betting industry. This move comes after Spreadex declined to address the regulator’s concerns about the deal.

FDJ Q1 2024: Analysis of growth and acquisitions

A Closer Look at Revenue Growth La Française des Jeux (FDJ), France’s leading gaming operator, has reported a solid start to the year 2024. The company’s total group revenue for Q1 2024 was €710 million ($755.6 million), marking a 7 percent increase from the €662 million reported in the same period last year. However, on a like-for-like basis, this reflects a marginal growth of 1.1 percent.

Unexpected hurdles in the hunt for Entain’s new CEO

Entain through a period of change and uncertainty, and setting the course for its successful future which is now a prerequisite.

BlueBet and Betr, a strategic merger

The long-anticipated merger between ASX-listed BlueBet and Matthew Tripp’s Betr has been finalized, marking a significant shift in the Australian wagering landscape. The merger, which has been under negotiation for several months, was confirmed by BlueBet on the ASX recently.

Golden Matrix acquires MeridianBet Group: $300 million deal finalized

Golden Matrix, a rapidly growing company, has finally completed its acquisition of MeridanBet Group, a significant event that was approved by the Golden Matrix Board of Directors and shareholders on 19 March, 2024. The agreement for this acquisition was first signed over a year ago, on 12 January 2023, with the deal valued at $300m. This amount was paid through a combination of cash, debt, and stock transactions.

FDJ initiates buyout of Kindred Group through share purchase from Veralda

Groupe Française des Jeux SA (Groupe FDJ) has entered into a definitive agreement with Veralda, marking the commencement of its acquisition process of Kindred Group Plc. This agreement involves the purchase of 2.4 million shares at SEK 122.5 per share. This transaction signifies the official launch of FDJ’s acquisition strategy for Kindred, which was initially announced in January.