MGM to acquire Push Gaming via LeoVegas in €150m deal
MGM Resorts, a major US casino company, is set to acquire Push Gaming, a games studio based in Malta, via LeoVegas in a €150m deal.
Although the transaction has not been finalised, sources familiar with the matter have indicated that it is in the post-legal stage, with an official announcement expected to be made in the coming days.
The acquisition of Push Gaming is expected to enhance LeoVegas’ proprietary games portfolio as well as its overall B2B division, which is led by the operator’s Rhino technology platform. LeoVegas has previously pursued this strategy, having acquired independent studio Blue Guru Games via its LeoVentures investment arm in 2021.
Push Gaming has been exploring a potential sale of the business for some time, with several gambling companies, including Scientific Games, reportedly showing interest in acquiring the company in the past. Push Gaming has central offices in London and Malta and is licensed by both the Malta Gaming Authority and the UK Gambling Commission.
Sources close to the negotiations have suggested that the deal is being driven by LeoVegas rather than MGM, its US parent company. MGM acquired LeoVegas last year in a $607m deal to diversify its online gambling operations outside of the US and expand into other operational markets, including Europe. Additionally, the acquisition was intended to bring digital expertise to MGM’s primarily retail business.
What is Push Gaming?
Push Gaming is a leading software game developer that was founded in 2010 and has offices in both London and Malta. Push Gaming has a massive portfolio of games, with popular slot titles such as Razor Shark, Jammin’ Jars and Fat Rabbit.
The main aim of the company was to create online casino games that are fully optimised and responsive to work across the board, including mobile phones. Push Gaming has scooped up various awards throughout the years, including the EGR B2B Awards for Innovation in RNG Casino Software back in 2020.
About LeoVegas Casino
LeoVegas is a prominent online casino and sports betting operator that was founded in 2011 in Sweden. It offers a wide range of games, including online slots, RNG card and table games as well as live dealer games. It is triply licensed by the Malta Gaming Authority, the UK Gambling Commission and the Swedish Gambling Authority.
In 2022, LeoVegas was acquired by US casino giant MGM Resorts for an impressive $607m deal with the aim of diversifying MGM’s operations internationally.
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