OKTO announced that it had acquired US-based payments company Flexia Payments. The companies said Flexia's team would join OKTO, with the deal intended to support cashless and omnichannel payment services for North American casinos and gaming venues.
The acquisition combines two payments businesses seeking to serve gaming venues across North America.
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The Visualize Group has completed its acquisition of BMM Testlabs after securing regulatory approvals in various regions, according to BMM’s announcement. The transaction’s financial terms were not disclosed, and BMM said Martin Storm will remain its president and chief executive.
J&J Gaming has acquired The Curo Group’s assets in Illinois and Nebraska, according to the report. The Nevada Gaming Commission is due to consider the company’s request for approval to issue or redeem non-voting preferred equity units. J&J said the Curo transaction contributed more than $30 million in earnings and strengthened its sales operation.
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.
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.