How gambling companies are bought, valued and combined. The course covers why deals happen and the archetypes that set price and structure, valuation on the right revenue with the three adjustments gambling requires (regulatory revenue quality, tax and regulatory change, cohort durability), the due diligence workstreams that exist only in this sector (licences and change of control, player funds, gaming tax, AML and responsible gambling practice, platform and content rights), deal structure as risk allocation (shares or assets, locked box, earnouts, escrows, warranty insurance, conditions precedent, material adverse change), the long regulatory middle between signing and closing, and integration: the first hundred days, platform migration, brand and people, and reporting whether the value arrived.
Written for operators and suppliers considering a deal, corporate development and finance teams, advisers new to the sector, and journalists and analysts who want to read a deal announcement properly. It assumes familiarity with company accounts and the basic vocabulary of M&A.
The through-line: a gambling deal is a bet on customers, made under a regulator's supervision, paid for on a synergy case that only integration can deliver.