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Online Gambling Acquisitions and Mergers Q2 2012
Wednesday, June 27, 2012 : Acquisitions and Mergers:
Queensland-based online gaming and entertainment company 2UP Gaming plc inked a MOU to acquire European based video streaming business Streamark.
GVC Holdings plc's Maltese subsidiary, GVC Corporation Limited entered into an agreement with an independent third party company, GVC New Limited to sell the failed Betaland sports book venture for a nominal sum.
Online gambling group Unibet plc bought Nordic Betting subsidiary Bet24 for Euro 13.5 million
Swedish online gambling group Betsson AB acquired Malta-based Nordic Gaming Group and its three sportsbook, casino and poker subsidiaries, NordicBet, Tobet and Triobet
Lock Poker acquired the Cake Poker Network.
Multimedia sports content firm Perform Group plc proposed the acquisition of real-time sports data provider RunningBall Holding AG for a minimum consideration of Euro 101 million.
WMS Industries acquired online gaming content provider Jadestone Group AB for an undisclosed consideration.
The court-ordered bankruptcy auction of Federated Sports & Gaming, Inc., parent of the Epic Poker League, was won by Pinnacle Entertainment, Inc. with a winning bid of $4.5 million for the combined assets of Federated Sports & Gaming, Inc., Federated Heartland Inc., the Heartland Poker Tour and the Epic Poker League.
The Bodog Poker Network (BPN) and its controversial recreational model have been sold off to the Bodog Brand's Asian-facing business Bodog88
Illinois-based land and online gambling software and equipment developer WMS Industries Inc., acquired Genesis Communications Inc., trading as Phantom EFX, a publisher and developer of interactive casino and slot-based games for social, casual and mobile gaming entertainment.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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