Recent years have seen many of the major betting and gambling brands merging with or acquiring other brands in the industry. And you can observe that the trend is on the rise. The gambling industry covers many segments including the land-based casinos and online casinos. Some brands have been present for long as land-based betting houses. With the recent entry of the online gaming and betting industry, they started setting up online sites, too, including sports betting like online football betting. Relatively newer gambling companies include those who have only an online presence. Why do we observe the increasing mergers and acquisitions now? There have been many attempts to explain the phenomenon. Some view it as something special and come up with plausible reasons, while others like to believe that it is all to be expected as a natural outcome of the gambling industry’s progress.
List of latest mergers and acquisitions
The latest news we hear is that Flutter Entertainment, owner of Paddy Power and PokerStars, the Irish gambling company, is about to acquire The Stars Group of Canada worth $12b. Many big M&As in the gambling industry have taken place in recent years. Some of the latest developments are listed below:
- William Hill, the famous sports betting company, is acquiring the sportsbook assets of CG Technology company.
- Rank Group that owns Grosvenor casinos has completed all formalities of acquiring Stride Gaming, an online Bingo and Casino company, for a bid of
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