Allwyn Seeks New M&A Opportunities After Deal with Novibet Falls Through
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Allwyn Seeks New M&A Opportunities After Deal with Novibet Falls Through
The company has abandoned the acquisition of Novibet after negotiations with the Greek antitrust regulator. The adjustments proposed by officials effectively devalued the deal.
However, Allwyn’s CEO Robert Kvatel stated that the company continues to seek alternatives.
The key task is to obtain its own, already operational and scalable technologies for the sportsbook. Today, Allwyn is primarily a lottery operator, while the sports betting direction has not gone as planned.
Previously, in September of last year, Allwyn announced the acquisition of 62.3% in PrizePicks for $1.6bn.
The Kalshi platform has secured a new round of investments totaling $1 billion, leading to a company valuation of $22 billion. Investors believe in the potential of prediction markets despite legal challenges.
Allwyn has announced the launch of its own marketing agency and content hub called Studio 59, which will be introduced to the UK market next month.
Hacksaw Gaming объявила о запуске своего венчурного подразделения, Hacksaw Ventures, которое будет поддерживать стартапы на ранних стадиях в сфере iGaming. Предоставляя инвестиции и практическую поддержку, компания стремится преобразовать индустрию.
Lawrence Escalante, founder of VGW, has faced new charges related to substance possession. The total number of charges has reached 17, including breaking and entering and domestic violence.
Bally's Corporation is considered the main contender for the acquisition of Evoke plc. The deal may be closer than it seems, with the potential for rapid strengthening in the UK market.
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