DraftKings has reportedly completed its acquisition of Railbird Technologies and its subsidiary, Railbird Exchange. DraftKings confirmed a forthcoming app for trading regulated event contracts, while the acquisition gives it Railbird’s technology and licensing foundation.
The acquisition gives DraftKings a platform for its planned entry into regulated event-contract trading.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
Elite Casino Resorts completed its acquisition of Catfish Bend Casino and FunCity Resort in Burlington, Iowa, the company said. The property will be renamed Great River Casino Resort & FunCity and adds 500 employees to the group, which said it now owns and operates seven Midwest casino resorts.
Jumbo Interactive completed its acquisition of US prize draw operator Dream Giveaway on 30 October, at an enterprise value of $55.4m. The transaction was funded with $20.9m in existing cash and $36.9m in debt; customary completion adjustments brought upfront cash consideration to $57.8m. Jumbo said Dream Giveaway's management team will remain in place.
Kraken said it completed a $100m acquisition of Small Exchange, a US derivatives market regulated by the CFTC. The deal comprises $32.5m in cash and $67.5m in stock; Kraken and IG Group will also partner to distribute the contracts.
Merkur said it completed its acquisition of Gaming Arts on 15 September 2025, following approval by the Nevada Gaming Commission. Merkur said the deal would add its cabinets to Gaming Arts’ product range and support its return to the US market.
Apollo Global Management said it completed its acquisitions of IGT’s gaming and digital business and Everi Holdings after Nevada Gaming Commission approval. The $6.3 billion transaction takes the businesses private; Everi shareholders will receive $14.25 per share in cash, while IGT will receive $4.05 billion in cash proceeds.