Playtech sells Snaitech to Flutter Entertainment at enterprise value of €2.3 billion

LONDON: Playtech plc has entered into a definitive agreement for the sale of Snaitech S.p.A. and certain of its subsidiaries to Flutter Entertainment Holdings Ireland Limited for a total enterprise value of €2.3 billion in cash. Snaitech is one of the leading Italian B2C sports betting and gaming companies in online and retail, and employs…

Gfinity extends successful partnership with Venatus

LONDON, UK: Gfinity (LON: GFIN), a world-leading esports and gaming solutions provider, announced an extension of its partnership with global advertising technology platform, Venatus. The renewed agreement will see Gfinity continue to benefit from the successful partnership, further accelerating its focus on driving the value per user across its fast-growing websites under the Gfinity Digital…

iCandy acquires ASX-listed game developer Mighty Kingdom

SYDNEY, AUSTRALIA: iCandy Interactive Limited has acquired 11.78 million shares translating into 7.78% of ASX-listed game developer Mighty Kingdom Ltd. The acquisition is completed at A$0.135 per Mighty Kingdom ordinary share, costing a total of A$1.59 million and is funded by existing cash reserves of iCandy. Potential Cooperation Between The Companies Mighty Kingdom is one…

Creative Solutions acquires Lightstream to expand into gaming and cloud offering

IRVINE: Creative Solutions, a division of The Vitec Group plc, acquired Lightstream, a US-based tech company that builds a cloud-native live video platform, broadcast software, and creator tools with specialization in the video game live streaming industry. Lightstream is a world leader in live streaming technology for the massive and fast growing gaming market, and…

PointsBet appointed official gaming partner for Detroit Tigers

MELBOURNE: PointsBet Holdings’ subsidiary PointsBet USA Inc., has entered into a new multi-year deal to become a gaming partner of the Detroit Tigers Major League Baseball (MLB) team. Following Michigan’s legalization of sports betting in 2019, the partnership stands as the first sports betting partnership for a professional sports team within Michigan and is also…

FansUnite merges with Askott Entertainment to create one of Canada’s leading gaming companies

VANCOUVER: Victory Square Technologies’ portfolio company FansUnite Entertainment Inc. and Askott Entertainment Inc. announced entering into a definitive agreement on June 22, 2020 to combine in an at-market merger, creating one of Canada’s leading gaming companies. Under the terms of the Agreement, FansUnite will acquire all of the outstanding securities of Askott by way of…

Emerge Gaming and Mobile Telephone Networks MTN to launch MTN Arena

PERTH, AUSTRALIA: Emerge Gaming Limited, the operator of online eSports and casual gaming competition and tournament platform technology, has signed an agreement with Mobile Telephone Networks Proprietary Limited (MTN) to distribute, market and operate Emerge’s platform technology under the brand “MTN Arena”, in South Africa. MTN Arena is a competition and tournament platform with a…