Which are the top 10 biggest mergers or acquisitions in the gambling industry this year?
As an AI language model, I don’t have real-time data. However, as of my knowledge until September 2021, here are 10 notable mergers and acquisitions in the gambling industry:
1. Caesars Entertainment and William Hill: In April 2021, Caesars Entertainment acquired William Hill in a deal worth £2.9 billion ($3.9 billion). This acquisition enhanced Caesars’ sports betting and online gaming capabilities.
2. Flutter Entertainment and The Stars Group: In May 2020, Flutter Entertainment acquired The Stars Group in a £10 billion ($13 billion) deal, creating one of the largest gambling companies globally.
3. DraftKings and SBTech: In April 2020, DraftKings completed its merger with SBTech, a global sports betting and gaming technology provider, to create a vertically integrated sports betting and online gaming company.
4. Paddy Power Betfair and FanDuel: In May 2018, Paddy Power Betfair (now Flutter Entertainment) acquired FanDuel, a prominent daily fantasy sports operator, to expand its presence in the US sports betting market.
5. MGM Resorts International and BetMGM: MGM Resorts International acquired full control of BetMGM, a joint venture with Entain (previously GVC Holdings), in a series of transactions since 2018. MGM now has majority ownership of the online gaming platform.
6. Evolution Gaming and NetEnt: In December 2020, Evolution Gaming, a leading live casino solutions provider, completed its acquisition of NetEnt, a popular online casino games developer, to expand its offering.
7. Flutter Entertainment and FanDuel: Flutter Entertainment (previously Paddy Power Betfair) increased its ownership stake in FanDuel Group, a prominent US sports betting operator, to 95% in 2018, further solidifying its position in the American market.
8. Kindred Group and Relax Gaming: In March 2021, Kindred Group, an online gambling operator, acquired a majority stake in Relax Gaming, an online casino software provider, to enhance the development and distribution of its casino offering.
9. Penn National Gaming and Barstool Sports: In 2020, Penn National Gaming acquired a 36% stake in Barstool Sports for $136 million, with the goal of leveraging the media company’s brand and offering a unique sports betting experience.
10. 888 Holdings and William Hill International: In March 2021, 888 Holdings reached an agreement to acquire William Hill International, a non-US part of the company, in a deal worth £2.2 billion ($3 billion). However, the acquisition has not been finalized as of my knowledge until September 2021.
Please note that this information may not include any mergers or acquisitions that occurred after September 2021. The gambling industry is evolving, and new deals may have taken place since then.
