Aquisitions/Mergers

WA.Technology announces acquisition of global iGaming technology powerhouse, Onseo

Published

5 months ago

September 24, 2024

George Miller

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iGaming solutions provider joins forces with the technology provider for some of the largest names in the industry.

WA.Technology, the award-winning B2B iGaming solutions provider, is thrilled to announce its strategic acquisition of iGaming development heavyweight, Onseo.

This landmark acquisition marks a new chapter in WA.Technology’s journey as it brings its game production capabilities, sportsbook and platform expertise, and other skills in-house, adding even more strength to the provider’s full spectrum of iGaming solutions which already includes WA.Platform, WA.Sports, WA.Casino, WA.Affiliates, WA.Lottery and WA.Fantasy.

European Gaming Congress 2024 (Warsaw, Poland)

By strengthening its development expertise, WA.Technology’s will be able to offer operators across its network access to an abundance of cutting-edge capabilities spanning the sports betting, platform, casino and sweepstake verticals, now provided in-house and on-demand.

Onseo has amassed decades of experience in building the technologies that make the gaming space work. During that time, the brand has curated a customer base which features some of the industry’s biggest names.

Onseo’s 700+ strong team of developers will be able to offer WA.Technology’s clients new features, quick turnarounds, and rapid customisation.

Commenting on the acquisition, WA.Technology CEO Tim Scoffham, said: “We are absolutely thrilled to welcome Onseo to the WA.Technology family! We have already been a customer of theirs for a while – their ability to deliver high-quality technology quickly truly makes them a force to be reckoned with. Their client base is a clear testament to their quality.

“This acquisition has been in the works for quite some time. It marks an incredibly exciting new chapter for WA.Technology as we now bring huge capacity in-house. Onseo is the perfect addition to our ecosystem; their expertise will allow us to not only upsell our own portfolio of products but will enable us to also deliver new and exciting experiences for our partners around the world.”

The post WA.Technology announces acquisition of global iGaming technology powerhouse, Onseo appeared first on European Gaming Industry News.

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Aquisitions/Mergers

NOVOMATIC sets milestone for international growth with planned acquisition of French Vikings Casinos Group

Published

1 month ago

January 22, 2025

George Miller

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NOVOMATIC AG signed an agreement to acquire the French casino group Vikings Casinos SAS, subject to certain conditions such as regulatory approvals.

With this strategic move, NOVOMATIC continues its international growth strategy in the French market and significantly expands its portfolio in one of the largest gaming regions in Europe. The Vikings Casinos Group, based in Falaise, is one of the leading French casino chains, operating more than 10 live gaming casinos throughout France, including on the Côte d’Azur.

“With the acquisition of Vikings Casinos, we are consistently pursuing our international growth strategy and strengthening our position as a leading provider in the European gaming market. With this step, we have successfully laid the foundation for further sustainable growth in France” explains Stefan Krenn, Executive Board Member of NOVOMATIC AG.

“The acquisition by NOVOMATIC opens up new opportunities for growth and further development. We are confident that the integration into such an experienced and successful company as NOVOMATIC will help us to further strengthen our position on the French market. This change will enable us to work even more efficiently and benefit from the resources and expertise of the new owner” emphasizes Luc Le Borgne, CEO of Vikings Casinos SAS.

The post NOVOMATIC sets milestone for international growth with planned acquisition of French Vikings Casinos Group appeared first on European Gaming Industry News.

Aquisitions/Mergers

PolarLotto Acquires Competitor and Strengthens Market Position

Published

2 months ago

December 10, 2024

George Miller

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Polar Group Technologies (PolarLotto), one of Sweden’s leading lottery betting companies, is pleased to announce the acquisition of one of its main competitors, lottoexperten.se, through the purchase of all shares in More Tech Group Ltd.

This deal is a strategic step to further strengthen our position in the Swedish market and enhance the experience for our customers.

With this purchase, we continue our growth journey and reinforce our commitment to oFering attractive and exciting lottery betting products. The two companies combined have over 85,000 registered customers, and we look forward to welcoming all the new customers that now will join us into the PolarLotto group.

“This acquisition is an important step in our development and continued growth,” says Daniel Bessmert, CEO of Polar Group Technologies AB.

“We are proud to combine the best of both companies to create even more value for our customers and partners.”

The post PolarLotto Acquires Competitor and Strengthens Market Position appeared first on European Gaming Industry News.

Aquisitions/Mergers

ENDEAVOR ANNOUNCES MANAGEMENT BUYOUT OF OPENBET AND IMG ARENA

Published

3 months ago

November 12, 2024

George Miller

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Endeavor Group Holdings, Inc., a global sports and entertainment company, today announced that it has agreed to sell OpenBet and IMG ARENA to OB Global Holdings LLC in a management buyout backed by Ariel Emanuel with participation from executives of OpenBet, including CEO Jordan Levin.

Levin said: “This management buyout allows us to continue executing our vision for increased market expansion and product innovation. Our group is extremely confident in OpenBet’s future considering the premium product offering, superior talent, and solid foundation we already have in place following a strong period of business growth.”

Under the terms of the transaction, OB Global Holdings will acquire the businesses for approximately $450 million, subject to certain adjustments, financed through a mix of cash and debt.

During the sign-to-close period and after closing, Endeavor will continue to market IMG ARENA for sale to a third-party purchaser.

OpenBet powers responsible betting and gaming entertainment for more than 200 market leading operators around the globe. Following close of the transaction, Levin will continue to lead the business as CEO.

The transaction is being pursued, and is a necessary step, for the closing of the proposed Endeavor take-private by Silver Lake. The transaction is subject to customary closing conditions, including approvals required under applicable gaming regulatory authority, and is conditioned on and expected to close immediately prior to the closing of the Endeavor take-private.

Oakvale Capital LLP and The Raine Group acted as financial advisors to Endeavor.

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