Pollard Banknote expands bingo presence with Clarence J. Venne acquisition

Pollard Banknote, a renowned name in the gaming industry, has announced its strategic acquisition of Clarence J. Venne (Venne), a leading manufacturer of bingo markers primarily used in the charitable gaming bingo market. The deal, signed for a purchase price of $12.6 million, is set to close on 31 July 2024.

Third Planet Affiliates takes over Props.com for undisclosed sum

Third Planet Affiliates has acquired Props.com, a player props-focused website. The acquisition, from FansUnite Entertainment, was for an undisclosed sum, marking a new chapter in Third Planet’s growth story.

Apollo acquires IGT and Everi in a deal worth $6.3 billion

International Game Technology PLC (IGT) and Everi Holdings Inc. have announced a definitive agreement for their simultaneous acquisition by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. The all-cash transaction values the acquired businesses at approximately $6.3 billion. In February this year, IGT and Everi had entered into agreements for IGT to separate its Gaming & Digital business (IGT Gaming) via a taxable spin-off to IGT

SEGA SAMMY buys Dutch game developer for €130 million

Stakelogic B.V., a rapidly growing Dutch game developer, has announced a definitive agreement to be acquired by the Japanese entertainment conglomerate SEGA SAMMY HOLDINGS INC. through its wholly-owned subsidiary, SEGA SAMMY CREATION INC.. The deal, valued at an upfront enterprise value of €130 million, also includes an earnout payment contingent on certain performance measures being met.

Bally’s and Standard General finalise merger

Bally’s Corporation has officially entered into a definitive merger agreement with Standard General L.P., marking a significant milestone in the company’s history. This merger, valued at approximately $4.6 billion, is set to reshape the landscape of the gaming and entertainment industry.

Musburger Media buys back VSiN from DraftKings

Musburger Media has reclaimed its brainchild, the Vegas Sports Information Network (VSiN), from DraftKings. This move is not just a business transaction, but a homecoming for the founders of Musburger Media, Brian Musburger (photo above) and Bill Adee. The duo, who were the original architects and leaders of VSiN, had seen their creation acquired by DraftKings in 2021. However, their passion for the platform led them to buy back the company, and they are now about to reassume their leadership roles.

Evolution makes significant splash with its impressive Q2 2024 results

Evolution has reported an impressive operating revenue of €508.4, million marking a robust 15.3 percent increase year-over-year. This surge in revenue has propelled the supplier’s H1 revenue to the coveted €1 billion mark, a milestone that underscores the company’s strong financial performance.

Sagi’s risky gamble on a £53 million worthless acquisition

Teddy Sagi, an online gaming tycoon and billionaire, is currently embroiled in a court case that involves heavily contested claims of fraud and physical threats over his acquisition of In Touch Games (ITG), for £53 million. ITG, once a thriving digital gaming company with almost 5 million customers and a sponsorship deal with West Bromwich Albion, is now allegedly worth nothing.

Las Vegas F1® Arcade expansion gamble

Global law firm White & Case LLP has been advising Kindred Concepts Limited, trading as F1® Arcade, on a US$130 million growth debt financing deal. This financing, provided by several private credit funds, is set to fuel F1® Arcade’s rapid global expansion, particularly its ambitious venture into Las Vegas.

Accel’s acquisition of Fairmount Holdings will reshape US gaming sector

Leading distributed gaming operator Accel Entertainment, Inc. (NYSE: NYSE:ACEL), has recently announced that it will acquire Fairmount Holdings, Inc. This acquisition includes Fairmount Park, Inc., the sole active horse racing venue in the greater St. Louis area. This acquisition is indeed a significant move that could reshape the U.S. gaming sector.