LeoVegas has made a move by acquiring Push Gaming in a deal valued at €350 million (USD $405 million).
The acquisition, set to be finalized in the fourth quarter of 2022, entails the Malta-based online casino LeoVegas brand gaining ownership of Push Gaming’s shares.
Push Gaming is recognized as a provider of online slot games, boasting an impressive collection of over 50 titles.
Showing growth, the company’s revenue surged by 50% in 2021.
LeoVegas, a leading operator in the casino domain with a presence across more than 100 countries, has been experiencing rapid expansion.
In fact, their revenue soared by 40% year over year.
This acquisition marks a triumph for LeoVegas as it propels them forward in the online slots market.
With Push Gaming’s popular online slot games highly sought after by players LeoVegas expects to attract customers and retain their existing player base successfully.
“With an impressive catalogue of games that include fan favourites such as Razor Shark, Wild Swarm and Big Bamboo, Push Gaming will boost the group’s exposure into the booming slots content category and add key proprietary technologies essential for continued international growth,” LeoVegas said.
The consolidation trend within the gambling industry is further emphasized through this deal.
Companies are actively seeking scale and market share through acquisitions that have taken place over the years.
LeoVegas acquisition of Push Gaming represents a milestone that is anticipated to have far-reaching implications for the online gambling industry.
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