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Cade approves RNGX Holding acquisition of Open Gaming without restrictions

Deals & M&A

Brazil’s Administrative Council for Economic Defense approved RNGX Holding’s acquisition of control of Open Gaming without restrictions, according to the report. The authority assessed the deal as presenting low competition risk, with the parties’ combined market share below 20%. The transaction also involves Bet Participações and SJP Triad, and the approval allows the acquisition to proceed.

Unrestricted approval allows RNGX Holding’s acquisition of Open Gaming to proceed in Brazil.

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Deals & M&A

Alfa Bet seeks buyer as Brazilian betting market consolidates

Alfa Bet founder and operations director Matheus Antunes said the company was negotiating to transfer its operation to a new investor group, as it faced judicial claims nearing R$90m. The company said in court that regulatory costs contributed to its financial difficulties. Separately, Brazil’s Cade approved RNGX’s acquisition of Donald Bet and Bet Ponto Bet; the companies did not disclose the transaction value.

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