M&A
Acquisitions, mergers, and divestments.
The definitive proxy filed on Wednesday sets a 22 September vote on a sale to the Fertitta group at a price the buyer cut by a dollar in April. It also records that Carl Icahn's group offered $34.00 a share during the go-shop and was not declared a superior bidder.
Two years after splitting itself in half to become a pure technology supplier, GiG is paying €16.4 million for a majority stake in an African operator, funded by an €8.5 million raise it launched the same morning it reported an operating loss of €6.9 million.
Candle Lake offered SEK 695 a share for a stock trading at SEK 824.20, and told the market it is not trying to buy the company. The board agreed, and said so. Kenneth Dart keeps 30% either way.
The vote was close to unanimous on the shares, and the scheme now needs only the Gibraltar court. It puts William Hill, 888 and Mr Green into the same group as Bally's Intralot's lottery and gaming technology business, with completion expected late this year or early next.
An unsolicited cash offer pitched at a 5.7% discount to Evolution's most recent close has put one of iGaming's largest B2B suppliers in play, raising immediate questions about deal rationale, regulatory approvals across multiple jurisdictions, and the future of Evolution's product roadmap.
Tabcorp has struck a AU$283 million deal to buy cloud-native platform BetMakers, with executives telling analysts it was the cheapest, fastest, and lowest-risk path to modernising a technology estate built on ageing on-premises infrastructure. Annual cost synergies of up to AU$30 million are projected within two years.
Evolution has walked away from its roughly $85 million takeover of Galaxy Gaming after two gaming regulatory approvals failed to arrive by the deadline, triggering a $5.23 million termination fee payable within two business days.
Entain has struck a deal to sell an initial fifth of its Central and Eastern European unit to joint-venture partner EMMA Capital, valuing the business at about €2.1bn and beginning a full withdrawal. The proceeds will go toward cutting group debt.
Bally's Intralot has struck a roughly £243.1 million all-share deal for Evoke, the operator behind William Hill and 888, in a consolidation play sharpened by the steep rise in [British gambling taxes](/regulatory-map) landing over the next two years. The terms hand Evoke shareholders a 77% premium and hand the enlarged group a place among the United Kingdom's largest online operators.
Four years after 888 Holdings, now Evoke, agreed to pay £2.2 billion for William Hill's international assets, the company has agreed an all-share takeover by Bally's Intralot worth about £243.1 million (€281 million). A November 2025 Budget tax shock forced the board's hand.
Greentube has spent decades supplying content to operators across Europe. Now it is becoming one. The Kingsbet CZ deal marks a meaningful shift in how the Novomatic-owned business is positioning itself for the next phase of European iGaming.
A business bought for £2.2 billion less than four years ago may be about to change hands for a tenth of that price. The Bally's Intralot bid for Evoke is the most significant corporate development in British gambling for years.