UK-listed gaming software company Playtech has acquired the Swedish slot game developer Quickspin for a reported €50m ($56m or £34m), subject to earnings before tax. The deal marks a renewed push by Playtech to establish itself as a leading producer of slot gaming technology. The company purchased UK gaming companies Ash Gaming and Virtue Fusion… Read more »
Gambling firms Paddy Power and Betfair have managed to clear all regulatory hurdles, allowing a merger to take place early in February. The UK’s Competition and Markets Authority gave the two companies to the green light for a merger in December 2015. That was closely followed by Ireland’s Competition and Consumer Protection Commission, which said… Read more »
GVC, owner of several gaming brands including Sportingbet, have beaten off competition from 888 Holdings to secure bwin.party entertainment. The deal, which was announced Friday, will see GVC pay £1.1bn (€1.5bn or $1.7bn) in cash-and-shares for the gaming business. It was widely reported that 888 had secured bwin.party back in July, however GVC did not… Read more »
Paddy Power and Betfair, two of the biggest gambling companies in Europe, are set to merge according to reports in The Guardian today. The newly formed company will become one of the largest online gambling companies in the world and is likely to cause a stir amongst some of the industries heavyweights. Under the terms… Read more »
High street bookmakers, Ladbrokes and Coral, have opened up talks about a possible merger. If successful it would create the biggest retail-bookmaker in the UK. However, previous attempts to do so were knocked back by the UK’s monopolies commission. The talks are to discuss whether the companies could bring together Ladbokes, Coral retail, Eurobet retail… Read more »
