LeoVegas To Acquire Majority Of Push Gaming Holding

MGM Resorts International (NYSE: MGM) announced its wholly owned subsidiary, LeoVegas, has entered into a deal to acquire the majority of a London, UK and Sliema, Malta-based game developer Push Gaming Holding Limited, and its subsidiaries.

The amount of the transaction, which is subject to regulatory and customary approvals, is expected to be completed in the third quarter of 2023.

Founded in 2010, Push Gaming is an innovative creator of highly entertaining digital games for betting and gaming companies. It offers more than 30 games, such as Razor Shark, Wild Swarm, Big Bamboo, and Jammin’ Jars to over 200 operators globally. 

With the acquisition, Push Gaming’s proprietary technologies, intellectual property, and development expertise will bolster the content production capabilities of LeoVegas and support its plans for continued growth through expansion.

As part of LeoVegas, Push Gaming will remain under the same management team and its 100+ employees will continue to develop games, distributed via their own platform and remote gaming server. 

Led by CEO Gustaf Hagman, LeoVegas is an international igaming company which offers online casino, live casino, and sports betting, even Horse Racing bets online, via 10 brands in 9 jurisdictions. LeoVegas currently employs over 1,000 people in Europe, including at its headquarters in Stockholm and operations office in Malta. LeoVegas also invests and develops other igaming companies through its investment arm, LeoVentures.

In 2022, LeoVegas became a subsidiary of the global entertainment company MGM Resorts International, an S&P 500® global entertainment company with national and international locations featuring hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and an array of restaurant, nightlife and retail offerings.

The MGM Resorts portfolio operates 31 hotel and gaming destinations globally. Its 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through such brands as BetMGM and partypoker, while LeoVegas offers sports betting and online gaming through brands in several jurisdictions throughout Europe.

The company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan.




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