iGaming M&A News

Key Points Betsson will purchase Rhino Entertainment Group’s licensed Canadian B2C iGaming business and technology assets for €64.5 million as part of market expansion plans. The agreement covers operational infrastructure, licences, personnel and proprietary front-end and middleware technology supporting the group business systems. Completion of the acquisition is expected during Q2 or Q3 2026 after […]

Key Points Fertitta Entertainment negotiates a takeover of Caesars Entertainment valued at nearly $7 billion with an offer of around $34 per share. The proposal sits above a cash bid of about $33 per share previously submitted by Icahn Enterprises. Caesars posted four straight quarterly losses while Las Vegas tourism weakened through 2025. Caesars Entertainment […]

Allwyn has cancelled its €217m acquisition of Novibet following feedback from Greece’s competition authority. The Czech lottery group confirmed that it and Novibet’s parent company Logflex MT Holding Limited have a joint agreement to withdraw the transaction from review by the Hellenic Competition Commission. Allwyn announced in December 2024 that it would acquire a 51% […]

FDJ United has announced that ParionsSport en Ligne will adopt the Unibet name by the end of March 2026. The change applies to online sports betting and poker operations. Customers will see the new branding introduced across digital platforms. Horse racing products will be unaffected by the transition, remaining under the ZEturf umbrella. The company […]

Genius Sports has agreed to acquire sports media business Legend in a transaction worth up to $1.2bn. The deal includes $900m payable at closing, made up of $800m in cash and $100m in stock, with a $300m earnout split equally across the next two years. According to industry sources, Legend employees have been informed of […]

One of the world’s largest betting operators, Bet365, has officially ceased its operations in the Chinese market. This move has surprised many, as the operator’s presence in China had long remained under the radar. Now, the company has announced its withdrawal, redirecting its efforts toward more promising markets such as the United States. Bet365’s History […]

XLMedia struck a tentative deal to sell its remaining assets, which were previously part of their Sportradar subsidiary, for $30 million. The agreement hinges on shareholder approval at a meeting scheduled for November 7th. Here’s the breakdown: Upfront payment: XLMedia pockets $20 million right away. Performance bonus: An additional $10 million could be awarded by […]

Here’s a breakdown of some of the biggest affiliate industry mergers and acquisitions (M&A) deals that have happened in the past two years (as of October 2024). 2022: January: SharpLink Gaming acquires FourCubed LLC for $8.2 million. April: Better Collective buys Futbin.com for €105 million. September: SharpLink Gaming buys SportsHub (deal value undisclosed). October: Acroud […]