Sports Betting M&A to Be Driven by New Products, Tech, Says Expert
Mergers and acquisitions activity in the North American sports betting industry has been brisk this year with operators making buys to add technology and exposure to new arenas. The famous charging bull on Wall Street. Investment bankers could be busy with sports betting mergers and acquisitions in 2025. (Image: Reuters) At least one expert believes […]
Tahoe Biltmore Casino Set for Auction, Waldorf Astoria Redevelopment in Question
The next chapter of the storied Tahoe Biltmore Lodge & Casino is in jeopardy after the development group that acquired the historic property in 2021 defaulted on a more than $100 million loan. The Tahoe Biltmore has sat closed for almost two and a half years. Its future remains unknown after a developer who had […]
OpenBet Could Sell at Steep Discount, Says Research Firm
Endeavor Group Holdings, Inc. (NYSE: EDR) is shopping its OpenBet and IMG Arena sports betting data businesses and the former could sell for a significant discount to the price the seller originally paid. Endeavor Group CEO Ari Emanuel. The company may be forced to sell OpenBet at a significant discount to the $800 million it […]
Playtika Paying Up to $1.25B for SuperPlay
Mobile games developer Playtika (NASDAQ: PLTK) said Wednesday it’s paying $700 million to acquire rival SuperPlay, with an additional contingent consideration that could bring the purchase to $1.25 billion. Playtika is highlighted at the Nasdaq market site. The company is buying rival SuperPlay for up to $1.25 billion. (Image: Wall Street Journal) The boards of […]
$2.7B Kindred Group Takeover by French Lottery Giant FDJ Approved — With Caveat
French antitrust regulators have approved the proposed $2.7 billion acquisition of Stockholm-listed online gambling giant the Kindred Group by Française des Jeux (FDJ), France’s lottery monopoly. FDJ will likely acquire Kindred to create a “European gaming champion” but it must keep its monopoly business completely separate from the new brands. (Image: FDJ) However, regulator l’Autorité […]
Standard General Bally’s Acquisition Unlikely to Face Antitrust Threats
Standard General’s proposed $18.25 per share takeover of Bally’s (NYSE: BALY) appears unlikely to face antitrust scrutiny from federal regulators because the related waiting period on that matter is set to expire at midnight Monday. Standard General founder Soo Kim. The hedge fund won’t face federal regulatory scrutiny related to its planned acquisition of Bally’s. […]
