Novomatic completes on Ainsworth takeover

Article by - - filed under Ainsworth, Business, Novomatic.

ainsworth stand at gaming show

European gambling group Novomatic has announced the completion of the takeover of Australian slots company Ainsworth, following months of regulatory processing. The deal continues the gambling industry consolidation, which has seen online operator GVC snap up UK bookmaker Ladbrokes Coral and developer BluePrint Gaming buy out Games Warehouse in the past month. Several governing bodies,… Read more »

Ladbrokes Coral agree to 4bn GBP takeover by GVC

Article by - - filed under Business.

ladbrokes shop signage

Bookmaker Ladbrokes Coral is set to be taken over by online rival and Party Poker owner GVC in a deal worth up to £4bn ($5.4bn or €4.5bn). Earlier in December both parties said their were in ‘detailed discussions’ about a possible takeover which suggested a cash and shares arrangement. GVC, who are better known for… Read more »

GVC eyes potential takeover of Ladbrokes Coral

Article by - - filed under Business, Online Gambling.

ladbrokes bookmaker logo

Britain’s largest bookmaker Ladbrokes Coral has confirmed it is in ‘detailed’ discussions over a potential takeover by gambling group GVC. The deal would make Ladbrokes Coral worth a staggering £3.9bn ($5.2bn or €4.4bn) should the deal go ahead. The announcement sent Ladbrokes Coral’s shares souring, up 25% this morning. GVC shares also climbed 7%. The… Read more »

Aristocrat snaps up Big Fish Games for 990m USD

Article by - - filed under Aristocrat, Social.

aristocrat logo

Australian gambling group Aristocrat has announced the purchase of Seattle-based company Big Fish Games for $990 million (€831m or £732m). The acquisition would be made in cash for the full asking price, allowing Big Fish Games to operate as its own entity. Aristocrat have taken a 7 year loan to fund the deal, which they… Read more »

Cozy Games snapped up by GVC

Article by - - filed under Business.

cozy games home page

The UK operator Cozy Games is the latest company to be swallowed by gambling industry behemoth GVC Holdings for an undisclosed sum. Cozy Games, who are most notable for their bingo products and white labelled operator sites, have a strong position in several regulated markets. This makes them an ideal proposition for UK-listed GVC, who… Read more »