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Gambling Industry Acquisitions and Mergers: Q3 2012
Online Sector: Acquisitions and Mergers:
Perform Group acquired a 51 percent stake in Turkish digital sports company Mackolik Internet Hizmetleri Ticaret A.S. (Mackolik) for a cash consideration of TRY 40.8 million (GBP 14.6 million).
Fortuna Entertainment Group's Czech subsidiary Fortuna Loterie entered into a cooperation agreement with E-Invest, who bought a 10 percent stake in the firm.
Media Corporation re-acquired a number of its sold publishing websites that include onthebox.com and flightcomparison.com.
The Amateur Poker Association and Tour acquired online poker room Poker.co.uk and its player base. The site will remain on the GTechG2 IPN network, using the same support facilities as before.
Across the Line - a company funded by London-based property and football entrepreneur Andrew Ellis – acquired a 51 percent stake in Worldlink Sport.
Novomatic Group subsidiary Astra Games Limited concluded the purchase of the Danoptra Group of companies following clearance from the UK Office of Fair Trading
Picklive Limited Fantasy sports gaming provider Picklive Limited was sold to private investors, led by David Galan, the CEO of pool betting provider Sports Millions (the B2B arm of Soccer Millionaire) for an undisclosed consideration.
Parspro.com Full-service internet and mobile betting system provider Parspro.com was acquired by Scientific Games Corporation for an undisclosed consideration.
Betclic Everest Group acquired the remaining 33.33 percent of Giga Media's Everest Gaming for an undisclosed but nominal fee.
Global Gaming Network, Inc., a Los Angeles-based developer and aggregator of digital entertainment and sports information for online and mobile platforms acquired fantasy sports operator Amped Fantasy for an undisclosed consideration.
BetVictor acquired Botsphere Limited, a UK based provider of automated trading solutions, for an undisclosed sum.
PERFORM Digital sports content distributor PERFORM acquired German sports media company Sportal GmbH (Sportal) from a group of private investors for an undisclosed consideration.
Bwin.Party Digital Entertainment sold off its Ongame poker network to Amaya Gaming for up to Euro 25 million "on a cash-free and debt-free basis."
Merkur Casino UK Gauselmann Group-owned Merkur Casino UK Ltd acquired Marwyn Gaming Limited for a gross consideration of GBP76 million in cash. The acquisition includes Praesepe Plc, Restcare Limited, Baleday Limited and Beacon Bingo Limited.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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