MGM aims to obtain Push Gaming via LeoVegas for €150m

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MGM aims to obtain Push Gaming via LeoVegas for €150m

MGM Resorts, the renowned casino company in the US, is poised to purchase Push Gaming, a game development studio located in Malta, through a150m agreement with LeoVegas, according to iGaming NEXT.

Sources who are familiar with the matter have revealed that the transaction is currently in the postlegal stage and has yet to be finalized. However, it is anticipated that an official confirmation regarding the acquisition will be announced either over the weekend or at the start of next week.

LeoVegas is expected to bolster its inhouse Rhino technology platform, which oversees its B2B division, by integrating Push Gaming into its proprietary games portfolio. This move is anticipated to enhance the strength of LeoVegasoverall B2B operations.

In 2021, LeoVentures, the investment division of LeoVegas, acquired Blue Guru Games, an independent studio, in a similar move, indicating that this is not the first time that LeoVegas has adopted this strategy.

It has been reported that Push Gaming has been considering a sale of its business for a while now. Prior to MGM Resortsrecent bid, several gambling companies, including Scientific Games, had reportedly expressed interest in acquiring Push Gaming.

Push Gaming has its main offices located in London and Malta, and holds licenses from both the Malta Gaming Authority (MGA) and the UK Gambling Commission.

A source familiar with the negotiations has stated that the deal is being spearheaded by LeoVegas, rather than its US parent company, MGM Resorts.

MGM Resorts had acquired LeoVegas in a $607 million deal in the previous year, with the aim of broadening its online gambling operations beyond the US and venturing into new operational markets like Europe. The acquisition was also intended to supplement MGM Resortsmostly physical business with digital expertise.

Push Gaming

MaltaUnited Kingdom

Push Gaming, a distinguished game studio that is renowned for crafting top–notch slots, particularly those that deliver an exhilarating high–volatility gaming experience. In 2010, the comp...