Like Coolbet

announced 11/16/2020 via BusinessWire

GAN Limited, will acquire Coolbet

synopsis: GAN Limited, a leading B2B supplier of internet gaming SaaS solutions primarily to the U.S. land-based casino industry, announced that it has signed a definitive purchase agreement to acquire Vincent Group p.l.c., which operates an online gaming platform under the flagship brand, Coolbet.
buyer: GAN Limited (GAN:$36.95)
GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. "
target: Coolbet
Vincent Group p.l.c. operates an online gaming platform under the flagship brand, Coolbet. Coolbet’s proprietary platform was uniquely developed in-house, and offers online real-money gaming in sports, casino, poker and virtual e-sports.
price ($mm)
$176
rev ($mm)
$31
EBITDA ($mm)
EV / rev
5.7x
EV / EBITDA
announced 4/22/2020 via Reuters

OPAP SA, will acquire Stoiximan.gr

synopsis: OPAP, Europe’s fourth largest gaming company, has agreed to acquire a controlling stake in the fast-growing Greek and Cypriot business of online bookmaker Stoiximan. Stoiximan is the leading online gaming operator in Greece, developing cutting edge technology and offering 24/7 entertainment to their members.
buyer: OPAP SA (ATSE:OPAP:$674.07)
OPAP is the leading gaming company in Greece and one of the most renowned in its industry worldwide. Founded in 1958, the company holds the exclusive rights to the operation and management of numerical lotteries, sports betting games, horseracing mutual betting, and more. "
target: Stoiximan.gr
Stoiximan is the leading online gaming operator in Greece, developing cutting edge technology and offering 24/7 entertainment to their members. Their operations are increasingly expanding across Europe under their international brand, Betano.
price ($mm)
$178*
rev ($mm)
$214
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
announced 10/2/2019 via Wall Street Journal

Flutter Entertainment plc, will acquire Stars Group Inc.

synopsis: FanDuel owner Flutter Entertainment agreed to buy PokerStars owner Stars Group Inc., creating an online gambling giant as internet and app-based betting is taking hold in the U.S. The Stars Group is a global leader in the online and mobile gaming and interactive entertainment industries.
buyer: Flutter Entertainment plc (ISE:PPB:$2,473.21)
Flutter is an international sports betting, gaming and entertainment business with over six million customers worldwide. Flutter Entertainment plc is the name for Paddy Power Betfair plc, which was formed in 2016 from the merger of Paddy Power plc and Betfair Group plc. "
target: Stars Group Inc. (TSX:TSGI:$2,442.84)
The Stars Group is a global leader in the online and mobile gaming and interactive entertainment industries, entertaining millions of customers across its online real- and play-money poker, gaming and betting product offerings. Their brands include PokerStars, BetStars, Full Tilt, BetEasy and more.
price ($mm)[EV]
$6,103 [$10,839]
rev ($mm)
$2,493
EBITDA ($mm)
$589
EV / rev
4.4x
EV / EBITDA
18.4x
closed 2/1/2019 via BNC Analysis

Paddy Power Betfair plc, acquired Adjarabet

synopsis: Paddy Power Betfair has announced the acquisition of a controlling stake in Georgian gambling company Adjarabet. Adjarabet is an online gambling company based in Georgia. Adjarabet is licensed to offer a full suite of online betting and gaming products in Georgia, including casino, sports, poker and peer-to-peer games.
buyer: Paddy Power Betfair plc (ISE:PPB:$2,473.21)
Paddy Power Betfair plc is one of the leading sports betting and gaming groups in the world. The business was formed from the February 2016 merger of Paddy Power plc and Betfair Group plc and has four divisions. "
target: Adjarabet
Adjarabet is an online gambling company based in Georgia. Adjarabet is licensed to offer a full suite of online betting and gaming products in Georgia, including casino, sports, poker and peer-to-peer games.
price ($mm)
$132*
rev ($mm)
$83
EBITDA ($mm)
$26
EV / rev
3.1x
EV / EBITDA
9.9x
closed 3/10/2016 via GlobeNewswire

Delaware North Companies Inc., acquired Ruby Seven Studios, Inc.

synopsis: Delaware North, a global leader in hospitality and food service and an innovative operator of regional destination casinos, announced its acquisition of Ruby Seven Studios – a top social casino developer. Ruby Seven Studios has created over 20 titles for the Apple, GooglePlay, Amazon Kindle, Facebook, Yahoo and web platforms.
buyer: Delaware North Companies Inc.
Delaware North is one of the largest privately-held hospitality and food service companies in the world. Delaware North has global operations at high-profile places such as sports and entertainment venues, national and state parks, destination resorts and restaurants, airports, and regional casinos."
target: Ruby Seven Studios, Inc.
Ruby Seven Studios is a top ranking social casino gaming company. Its mission is to bring casino game content to land-based, online casinos and media partners through strategic partnerships, which now include Pechanga Resort and Casino, Tropicana Entertainment and Gala Coral group.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2015 via PR Newswire

The Intertain Group Limited, purchased Jackpotjoy, Starspins and Botemania brands from Gamesys Limited

synopsis: The Intertain Group Limited announced that it has completed the acquisition of the Jackpotjoy, Starspins and Botemania brands and related assets. Jackpotjoy is an online Instant Win and Bingo site, Botemania is an online entertainment site for the Spanish market, and Starspins a site for slots only players.
buyer: The Intertain Group Limited (TSX:IT:$0.00)
The Intertain Group Limited is an online gaming company that provides entertainment to a global consumer base. Intertain currently offers casino, bingo and poker games to its customers using the InterCasino, InterPoker, Costa and other brands. "
seller: Gamesys Limited
Jackpotjoy is an online Instant Win and Bingo site, Botemania is an online entertainment site for the Spanish market, and Starspins a site for slots only players.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/23/2014 via GlobeNewswire

Elray Gaming, will acquire Golden Galaxy Casino

synopsis: Elray Resources Inc. trading as Elray Gaming announced that it has finalized an agreement to acquire an operating and established online casino by the name of Golden Galaxy. Golden Galaxy Casino is an established and licensed online casino operating in multiple jurisdictions across the globe.
buyer parent: Elray Resources, Inc.
buyer: Elray Gaming
Elray Resources Inc. is a consulting and marketing firm worldwide. They are dedicated to providing new entrants and existing members of the online gaming industry top notch consulting, marketing, media buying services, turn key management and operation. "
target: Golden Galaxy Casino
Golden Galaxy Casino is an established and licensed online casino operating in multiple jurisdictions across the globe. Golden Galaxy Casino offers over 250 state of the art casino games including Blackjack, Roulette, Baccarat and Slots.
price ($mm)
rev ($mm)
$7
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 11/5/2020 via BNC Analysis

Better Collective A/S, acquired Zagranie

synopsis: Betting media company Better Collective has purchased Zagranie.com. Zagranie.com, a Polish sports betting brand, was created in 2017 and its acquisition extends the scope of Better Collective in the Polish industry.
buyer: Better Collective A/S (OM:BETCO:$86.11)
Denmark-based Better Collective is a developer of digital platforms for betting tips, bookmaker information and iGaming communities. Better Collective’s portfolio includes more than 2,000+ websites and products, including bettingexpert.com, the trusted home of tips from expert tipsters. "
target: Zagranie
Zagranie.com, a Polish sports betting brand, was created in 2017. They are a website for sports fans, especially football fans, who are looking for something more than just facts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/26/2017 via PrimeNewswire

500.com Limited, will acquire The Multi Group Ltd.

synopsis: 500.com Limited, a leading online sports lottery service provider in China, is to acquire The Multi Group Ltd., one of the top online lottery betting and online casino platforms in the Nordic countries where it holds substantial market share. The Multi Group is headquartered in Malta.
buyer: 500.com Limited (WBAI:$3.96)
500.com Limited is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. "
target: The Multi Group Ltd.
Headquartered in Malta, Multi Group operates Multilotto.com, which is considered one of the top online lottery betting and online casino platforms in the Nordic countries where it holds substantial market share.
price ($mm)
$56*
rev ($mm)
$11
EBITDA ($mm)
$6
EV / rev
5.4x
EV / EBITDA
9.4x
closed 8/3/2015 via PR Newswire

Golden Gaming, Inc. merged with Lakes Entertainment, Inc.,

synopsis: Lakes Entertainment and Golden Gaming announced that they have merged. Golden Gaming is a leading owner and operator of distributed gaming, taverns and casinos, all of which are focused on the Nevada local gaming market. Lakes Entertainment, Inc. currently owns the Rocky Gap Casino Resort.
buyer: Lakes Entertainment, Inc. (LACO:$56.85)
Lakes Entertainment, Inc. currently owns the Rocky Gap Casino Resort near Cumberland, Maryland. Lakes also has an investment in Rock Ohio Ventures, LLC’s casino and racino developments in Ohio and Kentucky. "
target: Golden Gaming, Inc.
Golden Gaming, LLC (Golden Gaming) was established by the Sartini family in October, 2001. Golden Gaming is a premier, diversified gaming operator of casinos, taverns, and gaming devices.
price ($mm)
$55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/4/2013 via PR Newswire

Scott County Casino, will purchase Rhythm City Casino from Isle of Capri Casinos, Inc.

synopsis: Isle of Capri Casinos, Inc., announced that it has entered into a definitive purchase agreement with Scott County Casino, LLC to sell its Rhythm City Casino in Davenport, Iowa.
buyer: Scott County Casino
Scott County Casino LLC is a gaming and entertainment company located in Davenport, Iowa. "
seller: Isle of Capri Casinos, Inc. (ISLE:$977.37)
Isle of Capri Casinos, Inc.'s Rhythm City Casino is a gaming and entertainment facility located in Davenport, Iowa.
price ($mm)
$51
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/29/2013 via GlobeNewswire

Churchill Downs, Inc., will acquire Oxford Casino

synopsis: Churchill Downs Incorporated announced that it has entered into a definitive purchase agreement to acquire Oxford Casino in Oxford, Maine. Oxford, which opened in June 2012 and underwent an expansion completed in October 2012, is located on 100-acres about 40 minutes northwest of Portland in the heart of southern Maine.
buyer: Churchill Downs, Inc. (CHDN:$1,324.50)
Churchill Downs Incorporated, headquartered in Louisville, Ky., owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room. "
target: Oxford Casino
Oxford Casino includes a 25,000-square-foot single-level gaming floor with 790 Class III slot machines and 22 table games. It is located on 100-acres about 40 minutes northwest of Portland in the heart of southern Maine.
price ($mm)
$160
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/22/2013 via BNC Analysis

Centaur Gaming, acquired Indiana Grand Casino

synopsis: Clairvest Group Inc. announced that an investment partner, Centaur Gaming, has completed the acquisition of Indiana Grand Casino and Indiana Downs Racetrack (“Indiana Grand”). Indiana Grand Casino is a Las Vegas-style gaming establishment. The facility also features an attached horse racing track and OTB named Indiana Downs.
buyer parent: Clairvest Group Inc.
buyer: Centaur Gaming
Centaur Gaming is a privately held, Indiana-based business focused on bringing the entertainment and economic development benefits of gaming and horse racing to key communities across North America. "
target: Indiana Grand Casino
Indiana Grand Casino is a Las Vegas-style gaming establishment that offers gaming, food, a gift shop and a wide array of entertainment options 24 hours a day. The facility also features an attached horse racing track and OTB named Indiana Downs.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
on offer 2/12/2013 via

Z Capital Partners, offer to acquire Affinity Gaming

synopsis: Z Capital Partners has offered to buy all the outstanding shares of Affinity Gaming that it doesn’t already own for $14 a share, according to an SEC filing. Z Capital owns 30.5% of Affinity’s outstanding stock. Press reports are valuing the deal at $196.8 million. Las Vegas-based Affinity is a casino operator.
buyer: Z Capital Partners
Z Capital Partners is a leading privately held Chicago, Illinois based private equity firm that makes special situations controlling investments in distressed companies including turnarounds, restructurings, and bankruptcies. "
target: Affinity Gaming
Affinity Gaming, LLC. operates as a diversified casino gaming company in the United States. Its casino operations consist of 12 casinos, including 9 in Nevada, 2 in Missouri, and 1 in Iowa. The company was formerly known as Herbst Gaming, LLC.
price ($mm)
$197*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/16/2013 via PR Newswire

Rock Gaming LLC, will acquire Greektown Casino-Hotel

synopsis: Rock Gaming, the Detroit-based gaming partnership announced that one of its affiliated companies, Athens Acquisition LLC, has entered into an agreement to acquire a majority interest in Greektown Superholdings Inc., owner of the Greektown Casino-Hotel located in downtown Detroit.
buyer parent: RockBridge Growth Equity
buyer: Rock Gaming LLC
Rock Gaming LLC is a Midwest-based gaming partnership formed with an initial focus to develop first-class casinos in two of Ohio's largest cities, as well as to explore other potential gaming opportunities. "
target: Greektown Casino-Hotel
Greektown Casino-Hotel owns and operates a hotel and casino gaming facility in the downtown area of the city of Detroit. Its facility offers a range of gaming, dining, and entertainment alternatives.
price ($mm)
rev ($mm)
$339
EBITDA ($mm)
$78
EV / rev
0.0x
EV / EBITDA
0.0x
announced 12/27/2012 via PR Newswire

Casino Queen, Inc., will acquire Casino Queen, Inc.

synopsis: Shareholders of Casino Queen, Inc. owner and operator of Casino Queen Hotel & Casino located in East St. Louis, Illinois, have agreed to sell 100% of their equity interests in the company to a newly formed Employee Stock Ownership Plan for approximately $170 million.
buyer: Casino Queen, Inc.
Casino Queen is a premier locals-oriented casino, hotel and entertainment complex located in East St. Louis, Illinois. The Property is situated along the eastern bank of the Mississippi River, directly across from downtown St. Louis, Missouri. "
target: Casino Queen, Inc.
Casino Queen is a premier locals-oriented casino, hotel and entertainment complex located in East St. Louis, Illinois. The Property is situated along the eastern bank of the Mississippi River, directly across from downtown St. Louis, Missouri.
price ($mm)[EV]
$139 [$170]
rev ($mm)
$130
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 11/30/2012 via PR Newswire

Golden Nugget, Inc., acquired Isle Casino, Biloxi

synopsis: Tilman J. Fertitta, sole owner, chairman and CEO of Landry's, Inc., parent company of the Golden Nugget Las Vegas, Atlantic City and Laughlin, announced that Fertitta Entertainment completed the acquisition of the Isle Casino in Biloxi.
buyer parent: Landry's, Inc.
buyer: Golden Nugget, Inc.
Golden Nugget offers deluxe guestrooms and suites; a casino featuring slot and video poker machines, table games, race and sports book, and poker room; nightly entertainment; restaurants; bars and lounges; spa and salon services; an outdoor swimming pool; and meeting spaces and catering services. "
target parent: Isle of Capri Casinos, Inc.
target: Isle Casino, Biloxi
Isle Casino in Biloxi is a casino and hotel in Mississippi. It offers an exciting gaming experience with more than 1,200 slots including Sex and the City, Gold Fish 2 and The Wizard of Oz. The casino features 29 table games including a nine-table poker room.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/23/2012 via GlobeNewswire

Churchill Downs, Inc., acquired Riverwalk

synopsis: Churchill Downs Incorporated announced that it has completed the purchase of Riverwalk Casino Hotel in Vicksburg, Miss., a deal valued at approximately $141 million. Riverwalk features a 25,000-square-foot single-level gaming floor with 723 Class III slot machines and 18 table games.
buyer: Churchill Downs, Inc. (CHDN:$1,324.50)
Churchill Downs Incorporated, headquartered in Louisville, Ky., owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room. "
target: Riverwalk
Riverwalk features a 25,000-square-foot single-level gaming floor with 723 Class III slot machines and 18 table games; a five-story, 80-room attached hotel; a 5,600-square-foot multi-functional event center overlooking the river; and two separate dining areas.
price ($mm)
$141
rev ($mm)
$55
EBITDA ($mm)
$19
EV / rev
2.6x
EV / EBITDA
7.4x
announced 11/26/2012 via BusinessWire

Silvermark LLC, will acquire Florida Gaming Centers, Inc.

synopsis: Florida Gaming Corporation announced a Stock Purchase Agreement for the sale of its wholly owned subsidiary, Florida Gaming Centers, Inc. to Silvermark LLC. Florida Gaming Center is the owner and operator of two jai-alai frontons located in Ft. Pierce and Miami, Florida, which offer poker and inter-track pari-mutuel wagering facilities.
buyer: Silvermark LLC
Silvermark LLC is a company that is buying Florida Gaming Centers, Inc. "
target: Florida Gaming Centers, Inc. (FGMG:$51.20)
Florida Gaming Centers, Inc. owns and operates gaming centers. The company operates jai-alai frontons that feature casino gaming, live and simulcast jai-alai competition, and inter-track pari-mutuel wagering. The company was founded in 1996 and is based in Miami, Florida.
price ($mm)[EV]
$108 [$123]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/16/2020 via BusinessWire

GAN Limited, will acquire Coolbet

synopsis: GAN Limited, a leading B2B supplier of internet gaming SaaS solutions primarily to the U.S. land-based casino industry, announced that it has signed a definitive purchase agreement to acquire Vincent Group p.l.c., which operates an online gaming platform under the flagship brand, Coolbet.
buyer: GAN Limited (GAN:$36.95)
GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. "
target: Coolbet
Vincent Group p.l.c. operates an online gaming platform under the flagship brand, Coolbet. Coolbet’s proprietary platform was uniquely developed in-house, and offers online real-money gaming in sports, casino, poker and virtual e-sports.
price ($mm)
$176
rev ($mm)
$31
EBITDA ($mm)
EV / rev
5.7x
EV / EBITDA
announced 11/16/2020 via BusinessWire

GAN Limited, will acquire Coolbet

synopsis: GAN Limited, a leading B2B supplier of internet gaming SaaS solutions primarily to the U.S. land-based casino industry, announced that it has signed a definitive purchase agreement to acquire Vincent Group p.l.c., which operates an online gaming platform under the flagship brand, Coolbet.
buyer: GAN Limited (GAN:$36.95)
GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. "
target: Coolbet
Vincent Group p.l.c. operates an online gaming platform under the flagship brand, Coolbet. Coolbet’s proprietary platform was uniquely developed in-house, and offers online real-money gaming in sports, casino, poker and virtual e-sports.
price ($mm)
$176
rev ($mm)
$31
EBITDA ($mm)
EV / rev
5.7x
EV / EBITDA
announced 10/5/2017 via Market Wire

Esports Entertainment Group, Inc., will purchase Ardmore Investments SP. Z O.O from Swissbet

synopsis: Esports Entertainment Group, Inc. a licensed online gambling company with a specific focus on eSports wagering, will acquire Ardmore Investments SP. Z O.O, a subsidiary of Switzerland based gambling software developer Swiss Interactive Software GmbH (Swissbet). Ardmore is the developer and owner of the source code of gambling software.
buyer: Esports Entertainment Group, Inc. (OTCPK:GMBL:$0.00)
Esports Entertainment Group Inc. is a licensed online gambling company specifically focused on Esports wagering and 18+ gaming. Initially, Esports Entertainment intends to offer bet exchange style wagering on esports events to the global esports audience, excluding the US and EU. "
seller: Swissbet
Ardmore is a Polish corporation with offices in Warsaw, Poland. Ardmore is the developer and owner of the source code of the Bet Exchange Software utilized to create the an Esports wagering platform, as well as other gaming and gambling software.
price ($mm)
$4.48
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/14/2016 via BNC Analysis

Microgame, acquired Active Games

synopsis: Microgame, a leading Italian provider in the gaming market, has announced the acquisition of Active Games. Active Games is a software provider for the online gaming industry aiming to research and develop current and future gaming technologies. Active Games has an advanced network solutions for a variety of gaming services.
buyer: Microgame
Microgame S.p.A. provides gaming solutions for fixed odds betting, horse race betting, skill games and poker, instant lotteries, bingo and National totalisator games. In Italy, Microgame is the leading Service Provider for remote gaming market. "
target: Active Games
Active Games is a software provider for the online gaming industry aiming to research and develop current and future gaming technologies. Active Games has an advanced network solutions for a variety of gaming services, including poker, casino, sports, skill games, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/26/2011 via PR Newswire

Fertitta Interactive LLC, acquired CyberArts Licensing LLC

synopsis: Fertitta Interactive LLC announced that it has purchased the assets of CyberArts Licensing LLC, an online gaming solutions company based in Oakland, California. CyberArts provides world-class gaming solutions for internet, mobile, and land-based operators throughout the world.
buyer: Fertitta Interactive LLC
Fertitta Interactive (FI) is focused on the business of online games, social gaming, and entertainment with an emphasis on online poker opportunities in the United States. FI offers industry-leading games with the highest level of integrity. "
target: CyberArts Licensing LLC
CyberArts provides world-class gaming solutions for internet, mobile, and land-based operators throughout the world. CyberArts customers can take advantage of one consistent platform for any client/server implementation, from online white label networks to land-based operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2012 via BNC Analysis

Scientific Games Corporation, acquired Parspro Ltd

synopsis: Scientific Games Corporation announced that it has acquired the assets of Parspro.com, a provider of full-service betting systems and related products via the internet and mobile devices.
buyer: Scientific Games Corporation (SGMS:$3,248.40)
Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services include instant lottery games as well as server-based interactive gaming machines. "
target: Parspro Ltd
Parspro is a leading provider of complete on-line betting systems and related services for organisations that operate — or plan to operate — betting services on an electronic media platform.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/24/2012 via BNC Analysis

Playtech Limited, acquired Geneity Limited

synopsis: Playtech, the international designer, developer and licensor of software and services for the online, mobile and land-based gaming industry, announces that it has acquired the entire issued share capital of Geneity Limited ('Geneity'), a UK based provider of e-gaming software products, focused primarily on the sportsbook and lottery sectors.
buyer: Playtech Limited (LSE:PTEC:$1,767.78)
Playtech, the world’s largest publicly traded online gaming software supplier, is a vibrant, forward-thinking software company aimed at offering exciting and innovative value-added solutions to the online gaming industry's top operators. "
target: Geneity Limited
Geneity provides an innovative new suite of e-gaming products, built with years of experience in the sector, but re-designed from the ground up to take advantage of the latest trends in the market.
price ($mm)
$11
rev ($mm)
$4
EBITDA ($mm)
EV / rev
6.5x
EV / EBITDA
closed 3/12/2020 via BNC Analysis

Gauselmann AG, acquired Bede Gaming

synopsis: The Gauselmann Group has acquired a significant majority stake in Bede Gaming, the leading online gaming platform headquartered in Newcastle upon Tyne. Bede develops and markets online gaming platforms for operators of casino, sports betting and lottery offerings.
buyer: Gauselmann AG
Gauselmann is a German gaming and gambling company founded by Paul Gauselmann. Gauselmann AG, through its subsidiaries, manufactures, supplies, sells, and operates amusement machines, amusement with prize machines for customers in Germany and internationally. "
target: Bede Gaming
Bede Gaming is the leading online gaming platform headquartered in Newcastle upon Tyne. Bede develops and markets online gaming platforms for operators of casino, sports betting and lottery offerings.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/5/2010 via PR Newswire

Scientific Games Corporation, acquired GameLogic Inc.

synopsis: Scientific Games Corporation announced that it has acquired substantially all the assets of GameLogic Inc., a provider of interactive marketing services for the U.S. regulated gaming industry, including GameLogic's software for internet-based loyalty programs for lottery players.
buyer: Scientific Games Corporation (SGMS:$3,248.40)
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals and interactive sports betting terminals and systems. "
target: GameLogic Inc.
GameLogic, based in Waltham, Massachusetts, was founded in 2002 and developed a number of web-based loyalty programs for the casino industry before recently expanding its offerings to serve the needs of lotteries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 4/6/2016 via Company Press Release

Recreativos Franco SA, merged with Mediatech Solutions, S.L.

synopsis: Mediatech Solutions has received a substantial investment from land-based gaming supplier R. Franco Group in a deal which will create a potent, new omni-channel giant. R Franco will now take a majority stake in the combined entity. Mediatech provides scalable platform solutions, operational services and consulting to the real money gaming industry.
buyer: Recreativos Franco SA
R. Franco Group was founded as a developer of gaming machines and has grown into one of the world’s leading casino and gaming suppliers. "
target: Mediatech Solutions, S.L.
Mediatech Solutions, S.L. provides business and technology solutions for the online and land-based gambling industry. The company offers PAS, a player management system designed for gambling operators aiming to deliver high quality service to their customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
announced 8/22/2018 via GlobeNewswire

Breaking Data Corporation, will acquire Oryx Gaming

synopsis: Breaking Data, the owner of GIVEMESPORT, a digital media company, announces it has entered into an agreement to acquire all of the shares of Oryx Gaming, an i-Gaming turnkey solution provider that offers an online, retail and mobile platform and access to a portfolio of proprietary and 3rd party Sportsbook, Lottery and Casino products.
buyer: Breaking Data Corporation (TSXV:BKD:$9.53)
Breaking Data is a market leader in artificial intelligence services that provides a range of solutions including semantic search, machine learning and natural language processing (NLP). GIVEMESPORT is Breaking Data’s flagship application, a leading sports news and events source that makes use NLP. "
target: Oryx Gaming
Oryx Gaming is a gaming and turnkey solutions provider based in the US and Malta with a subsidiary in Slovenia. Oryx offers a proprietary i-gaming platform and a diverse portfolio of proprietary and 3rd party Sportsbook, Lottery and Casino products with over 5,000 content titles included.
price ($mm)
$9.68
rev ($mm)
$7
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
announced 5/21/2015 via Market Wire

Contagious Gaming Inc., will acquire Digitote

synopsis: Contagious Gaming announced that it has entered into a letter of intent to acquire all of the issued and outstanding common shares of Digitote Limited and Digitote Software GmbH Deutschland. Digitote is a developer and provider of commercial-grade sports betting and horse racing technology, hardware, and support services.
buyer: Contagious Gaming Inc. (TSXV:CNS:$0.27)
Contagious Gaming Inc. is a developer of unique and engaging software solutions for regulated gaming and lottery markets around the world. Their sports betting platform is the first sports betting system to allow players to chase a dynamic jackpot live during Premier League soccer matches. "
target: Digitote
Digitote is a developer and provider of commercial-grade sports betting and horse racing technology, hardware, and support services. Its business-to-business software platform ("Xturf") currently manages the sportsbook operations for a number of large and mid-sized customers.
price ($mm)
$5.56
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2012 via Yahoo, Inc.

BetVictor, acquired Botsphere Ltd.

synopsis: Bet Victor, the Gibraltar based gaming group has announced that it has acquired Botsphere Limited, a UK based provider of automated trading solutions, for an undisclosed sum. Botsphere is based in London and currently provides trading solutions to a number of gaming businesses.
buyer: BetVictor
BetVictor is one of the world’s leading independent Sports betting and online gambling organisations. Services include a wide range of online betting opportunities on all major sports such as football betting, tennis betting, horse racing betting, boxing betting, golf betting and many more. "
target: Botsphere Ltd.
Botsphere is a software company pioneering the use of algorithmic trading to optimise sportsbook performance. Botsphere was formed in 2005 by the founders of Oddschecker, the inventors of odds comparison. Botsphere's RightPrice product has been enthusiastically adopted by leading bookmakers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/20/2017 via BNC Analysis

Intralot SA, will acquire Bit8 Ltd.

synopsis: Intralot, a leading gaming solutions supplier and operator, will acquire Bit8, a game platform development company. Bit8's platform offers a variety of high quality games, sophisticated customisation options and advanced player segmentation. Their platform and licensed games are designed to increase revenue and keep players engaged.
buyer: Intralot SA (ATSE:INLOT:$1,670.26)
Intralot is a leading gaming solutions supplier and operator active in 55 regulated jurisdictions around the globe. Intralot is a robust corporation uniquely positioned to offer to lottery and gaming organizations across geographies flexible, stable, and secure gaming products and services. "
target: Bit8 Ltd.
Bit8 is a game platform development company that brings a fresh approach towards online casino games. Offering a variety of games, sophisticated customisation options and advanced player segmentation, their platform and licensed games are designed to increase revenue and keep players engaged.
price ($mm)
$8.24*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/11/2019 via BusinessWire

Sportradar AG, acquired OptimaMGS

synopsis: Switzerland-based Sportradar, the world’s leading provider of sports data and content, has acquired Optima, a sports betting and gaming omnichannel platform business headquartered in Spain. Optima will extend Sportradar’s current betting services portfolio to become a full-service B2B data, betting, trading, and player management platform business.
buyer: Sportradar AG
Switzerland-based Sportradar is the leading global provider of sports data intelligence. The company provides sports federations, news media, consumer platforms, and sports betting operators a range of solutions to help grow their business. "
target: OptimaMGS
Spain-based Optima is a sports betting and e-gaming platform, and the exclusive technology supplier to the worldwide regulated sports betting and gaming industry. Optima provides the technology to operate B2B2C services to leading organizations in almost every regulated market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2006 via Reuters

Comcast Corporation, acquired ThePlatform, Inc.

synopsis: Comcast Corp., the No. 1 U.S. cable operator, said on Wednesday it bought a small digital media delivery company as part of plans to expand its online video services beyond the personal computer.
buyer: Comcast Corporation (CMCSA:$108,692.00)
Comcast Corporation, together with its subsidiaries, operates as a cable operator in the United States. It offers various consumer entertainment and communication products and services. "
target: ThePlatform, Inc.
thePlatform, Inc. is an industry-leading provider of digital media publishing solutions. The company's flagship product, thePlatform Media Publishing System (MPS), is the most comprehensive solution for media, entertainment and enterprise customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: OTCPK:GMBL
 
 
 
 
 
 
 
 
Esports Entertainment Group, Inc.
Esports Entertainment Group, Inc.
Esports Entertainment Group Inc. is a licensed online gambling company specifically focused on Esports wagering and 18+ gaming. Initially, Esports Entertainment intends to offer bet exchange style wagering on esports events to the global esports audience, excluding the US and EU.
year
2020
rev ($mm)
EBITDA ($mm)
($4.04)
EBIT ($mm)
($4.05)
Net Income ($mm)
Employees
4
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Ticker: OM:LEO
 
 
 
 
 
 
 
 
LeoVegas
Based in Malta, LeoVegas bases its development on "Mobile First" and is at the forefront of using state-of-the-art technology in the mobile gaming market. The company has attracted a steadily growing customer base through innovative, effective and data-driven marketing.
year
2017
rev ($mm)
$224.61
EBITDA ($mm)
$34.25
EBIT ($mm)
$32.54
Net Income ($mm)
$31.27
Employees
479
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Ticker: PENN
 
 
 
 
 
 
 
 
Penn National Gaming, Inc.
Penn National Gaming, Inc.
Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. The Company operates twenty-seven facilities in seventeen jurisdictions.
year
2017
rev ($mm)
$3,140.35
EBITDA ($mm)
$835.65
EBIT ($mm)
$578.43
Net Income ($mm)
$513.80
Employees
18754
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Ticker: PNK
 
 
 
 
 
 
 
 
Pinnacle Entertainment, Inc.
Pinnacle Entertainment, Inc.
Pinnacle Entertainment, Inc. is a gaming and hospitality company based in the Las Vegas Valley, Nevada that was created in 1938. Pinnacle Entertainment, Inc. owns and operates seven casinos, located in Louisiana, Missouri, and Indiana, and a racetrack in Ohio.
year
2012
rev ($mm)
$1,197.10
EBITDA ($mm)
$254.73
EBIT ($mm)
$139.04
Net Income ($mm)
Employees
7463
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Ticker: ISLE
 
 
 
 
 
 
 
 
Isle of Capri Casinos, Inc.
Isle of Capri Casinos, Inc. is a gaming company headquartered in Creve Coeur, Missouri which operates casinos and associated entertainment and lodging facilities in the United States and abroad.
year
2012
rev ($mm)
$977.37
EBITDA ($mm)
$182.33
EBIT ($mm)
$106.28
Net Income ($mm)
Employees
7700
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Ticker: OM:CHER B
 
 
 
 
 
 
 
 
Cherry AB
Cherry AB
Cherry is a Swedish gaming company established in 1963 specialized in online casinos and online lotteries and games development, through subsidiaries in Malta. Cherry is the market leader in casinos in restaurants and nightclubs in Sweden.
year
2018
rev ($mm)
$261.98
EBITDA ($mm)
$53.53
EBIT ($mm)
$40.10
Net Income ($mm)
$14.28
Employees
1407
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Ticker: LACO
 
 
 
 
 
 
 
 
Lakes Entertainment, Inc.
Lakes Entertainment, Inc. currently owns the Rocky Gap Casino Resort near Cumberland, Maryland. Lakes also has an investment in Rock Ohio Ventures, LLC’s casino and racino developments in Ohio and Kentucky.
year
2015
rev ($mm)
$56.85
EBITDA ($mm)
$1.64
EBIT ($mm)
($1.92)
Net Income ($mm)
Employees
435
  • drill down
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Ticker: ATSE:OPAP
 
 
 
 
 
 
 
 
OPAP SA
OPAP SA
OPAP is the leading gaming company in Greece and one of the most renowned in its industry worldwide. Founded in 1958, the company holds the exclusive rights to the operation and management of numerical lotteries, sports betting games, horseracing mutual betting, and more.
year
2019
rev ($mm)
$674.07
EBITDA ($mm)
$410.92
EBIT ($mm)
$321.67
Net Income ($mm)
$219.29
Employees
1526
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Ticker: GAN
 
 
 
 
 
 
 
 
GAN Limited
GAN Limited
GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry.
year
2020
rev ($mm)
$36.95
EBITDA ($mm)
($6.79)
EBIT ($mm)
($7.05)
Net Income ($mm)
Employees
136
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