M&A
Beta: This section is new and holds only the deals reviewed so far. We are adding more; a deal missing here is unknown, not absent.
- Announced, last 24 months
- 22
- Of which completed
- 20
- Of which pending
- 1
- Of which terminated or withdrawn
- 1
- Terms disclosed
- 7 of 22
Largest disclosed deals
- Banijay Group / Banijay Gaming / Tipico Group, including Admiral AustriaEUR 4.6bnenterprise value ·
- Flutter Entertainment plc / Boyd's 5% equity interest in FanDuel GroupUSD 1.55bnstake consideration · 5% stake ·
- Allwyn International AG / SidePrize LLC (PrizePicks)USD 1.5bnstake consideration · 62.3% stake ·
- Banijay Gaming / JOAEUR 465menterprise value ·
- Betsson AB / Rhino Entertainment Canadian B2C business and B2B technology assetsEUR 64.5menterprise value ·
Announced by sector, last 24 months
- Operator 6
- Affiliate media 2
- Land based operator 2
- Platform technology 2
- Sports data 2
- Analytics technology 1
- Fantasy sports 1
- Gaming supplier 1
- Lottery operator 1
- Operator and technology 1
- Prediction markets 1
- Skill games 1
- Testing compliance 1
| Announced | Buyer / target | Status | Stake | Consideration |
|---|---|---|---|---|
| Banijay Group / Banijay Gaming / Tipico Group, including Admiral Austria | Completed · confirmed by | €4.6bn agreed Tipico enterprise value; combination with Betclic | ||
| Flutter Entertainment plc / Snaitech S.p.A. (Snai) | Completed · as at | 100% | €2.3bn enterprise value | |
| Flutter Entertainment plc / Boyd's 5% equity interest in FanDuel Group | Completed · as at | 5% | $1.553bn for 5% stake + $205m commercial termination payments | |
| Allwyn International AG / SidePrize LLC (PrizePicks) | Completed · as at | 62.3% | $1.504bn initial cash for 62.3% + up to $1bn earn-out | |
| Banijay Gaming / JOA | Pending · confirmed by | €465m enterprise value; competition cleared, completion unconfirmed | ||
| SEGA SAMMY CREATION INC. / GAN Limited | Completed · as at | Approx. $96m for shares and stock compensation; fees additional | ||
| Betsson AB / Rhino Entertainment Canadian B2C business and B2B technology assets | Completed · confirmed by | €64.5m; €51.25m at close with balance deferred | ||
| GiG Software Plc / 888AFRICA | Completed · confirmed by | 80% | €16.4m for 80%; €6.1m at close and €10.3m deferred | |
| BetMakers MTS, LLC / Protocol Zone wagering intellectual property and software | Completed · confirmed by | A$1.5m purchase price; cash, shares and revenue-linked instalments | ||
| LOW6 / Splash Games | Completed · confirmed by | Terms not disclosed in reviewed release | ||
| Aristocrat Leisure Limited / Gaming Analytics, Inc. | Completed · confirmed by | Financial terms not disclosed | ||
| Genius Sports Limited / Legend | Completed · confirmed by | Announced $900m upfront; up to $1.2bn including earn-out | ||
| EveryMatrix / Goma Gaming | Completed · confirmed by | Terms not disclosed | ||
| DraftKings Inc. / Railbird Technologies Inc. and Railbird Exchange, LLC | Completed · as at | Approx. $18.3m cash + $28.7m equity; contingent consideration additional | ||
| Allwyn International AG / OPAP S.A. / Allwyn combined business | Completed · confirmed by | €16bn combined-company equity value | ||
| Intralot S.A. / Bally's International Interactive business | Completed · confirmed by | 100% | €2.7bn enterprise value; cash and Intralot shares | |
| The Visualize Group / BMM Testlabs | Completed · confirmed by | Financial terms not disclosed | ||
| Sportradar Group AG / IMG ARENA and global sports betting rights portfolio | Completed · as at | 100% | No buyer financial consideration; $225m seller-funded package | |
| Light & Wonder, Inc. / Grover Gaming and G2 Gaming charitable gaming assets | Completed · as at | $850m announced upfront; up to $200m earn-out | ||
| North Star Network / Bojoko assets | Completed · as at | Price not disclosed; upfront payment and earn-out | ||
| NOVOMATIC AG / Vikings Casinos SAS | Completed · confirmed by | Terms not disclosed in reviewed releases | ||
| Tipico Group / ATLAS Group GmbH, parent of ADMIRAL Austria | Completed · confirmed by | 100% | Terms not disclosed in reviewed releases | |
| Allwyn International AG / 51% of Logflex MT Holding Limited (Novibet) | Withdrawn · as at | 51% | Proposed €217m upfront + up to €110m earn-out; withdrawn | |
| Gambling.com Group Limited / Odds Holdings, Inc. (OddsJam) | Completed · as at | $80m initial consideration; earn-out terms amended December 2025 | ||
| OB Global Holdings LLC / OpenBet and IMG ARENA management-buyout perimeter | Completed · confirmed by | Approx. $450m announced cash and seller-note package | ||
| Flutter Entertainment plc / NSX Group / combined Flutter Brazil business | Completed · as at | 56% | $348m cash plus Betfair Brazil contribution for 56% | |
| SEGA SAMMY CREATION INC. / Stakelogic B.V. | Completed · as at | Approx. €125m estimated acquisition price; adjustments apply | ||
| Apollo-managed funds / IGT Gaming & Digital business and Everi Holdings, Inc. | Completed · confirmed by | Approx. $6.3bn combined transaction value; all cash | ||
| Evolution Malta Holding Limited / Galaxy Gaming, Inc. | Terminated · as at | 100% | Proposed $85m equity value; transaction terminated | |
| Brightstar Capital Partners affiliates / PlayAGS, Inc. | Completed · confirmed by | Approx. $1.1bn transaction value; $12.50 per share cash |
No matching transactions.