Brazil’s M&A, a new era in sports betting

There is likely to be an increase in M&A activity focused on the Brazilian iGaming market over the next few years. Investor appetite has been replenished by the launch of Brazil’s sports betting market. Operators are demonstrating a keen interest that is expected to trigger a wave of mergers and acquisitions (M&A) in Brazil. This interest is particularly directed towards the acquisition of thriving local companies within the iGaming sector.

Upcoming sale of Fortuna Entertainment Group

Penta Investments, a prominent private equity fund in Central and Eastern Europe, is reportedly considering a strategic move involving its gambling asset, the Fortuna Entertainment Group (FEG). FEG is reco

Entain announces Barry Gibson’s departure as Chair

Entain, owner of Ladbrokes and Coral betting brands, has today announced that its Chair, Barry Gibson, (in photo above), would step down by the end of September. Gibson’s departure marks the end of his more than four-year tenure, a period during which he played a pivotal role in the company’s transformation. A significant announcement is expected to follow soon as anticipation builds

Silver Lake’s next move: Divest OpenBet or ride the US sports betting wave?

In the wake of Silver Lake’s acquisition of Endeavor Group Holdings, which includes the sports betting platform OpenBet

Playtech’s revenue growth overshadowed by ongoing Caliplay dispute

Leading online gaming player Playtech has reported a 7p percent increase in its annual revenue for the fiscal year 2023, reaching €1.71 billion. This growth was accompanied by a 9 percent rise in adjusted EBITDA to €432.3 million, reflecting a solid performance across both its B2B and B2C operations. However, the year was not without its challenges.

Bragg Gaming explores new horizons with the formation of M&A committee

Bragg Gaming has recently announced the formation of a special committee led by M&A expert Don Robertson. The committee is tasked with exploring strategic alternatives for the company, which may include a potential sale of the business. The committee will also consider various options such as selling the company or its assets, merging with another entity, securing new financing, or making further acquisitions.

Entain’s €104 million counterclaim drama

The case of legal drama unfolds between Entain Plc and Sports Entertainment Media BV, a saga of disputed valuations and contested compliance that has found its way to the esteemed High Court of Justice of England and Wales.

Rush Street explores possible sale to DraftKings

Rush Street Interactive (RSI), a key player in the online betting industry, is actively exploring strategic options, including a potential sale. This news comes from a Bloomberg which cites anonymous sources claiming that RSI has approached potential buyers, with DraftKings named as one of the interested parties. Although RSI has not publicly commented on these discussions, this development highlights the fluid nature of the online betting landscape.

Building a formidable team – Entain’s appointment of Ronald J Kramer

Leading global sports betting and gaming group Entain plc has announced a strategic enhancement to its Board with the appointment of Ronald J. Kramer as an Independent Non-Executive Director. This move is set to fortify the company’s governance and strategic direction, particularly in the lucrative US gaming market.

Entain’s high-stakes game to divest PartyPoker

Entain, the FTSE-100 gambling conglomerate and owner of Ladbrokes and Coral, has enlisted the expertise of corporate finance boutique Oakvale Capital to advise on the sale of PartyPoker, once an online poker powerhouse. This strategic move is seen as an attempt to rejuvenate its core operations while warding off activist investors. PartyPoker, a subsidiary of PartyGaming, was valued at a staggering £5 billion during its London flotation in 2005. However, industry insiders who have been approached about the sale anticipate it to fetch around £150 million, marking a significant depreciation in its valuation. This decline is attributed to a mass exodus of customers in recent years, rendering the business non-core to Entain’s operations.