LeoVegas Group and Push Gaming have agreed on a deal that will see the MGM-owned global igaming operator acquire a majority stake in software provider Push Gaming’s shares. LeoVegas with complete the deal through its investment arm, LeoVentures, to continue its expansion by investing in iGaming content creation and distribution.
What Does the Deal Entitle?
The acquisition is a part of the LeoVegas Group’s expansion strategy to boost content production by adopting Push Gaming’s proprietary technology and expertise. Push Gaming is one of the most innovative, industry-leading software providers in the gaming world, with player-favourite titles such as Big Bamboo, Jammin’ Jars, Razor Shark, and Wild Swarm in Push Gaming's 30-game portfolio.
Push Gaming will remain an independent entity, with its current management team and all of its employees. Headquartered in both London and Malta, the company holds licences from the UK Gambling Commission and the Malta Gaming Authority (MGA).
The deal is expected to be completed in the Q3 of 2023.
About the Deal
LeoVegas Group CEO Gustaf Hagman expressed his excitement about the deal: “I’m thrilled to welcome Push Gaming to our extended family! The management team has been on a phenomenal journey, growing the company rapidly from a small start-up to a leader in its field”
Push Gaming has an outstanding track record, proprietary tech, and fantastic intellectual property that will ensure we give customers the very best, cutting-edge entertainment.
James Marshall, Push Gaming CEO and Co-Founder, pointed out his company’s achievements so far: “I’m incredibly proud of what we have achieved to date, and this deal is a testament to the work that our team have put in, taking us from start-up to a leading supplier with some of the most recognised games in our industry."
"We have ambitious plans, and we can now supercharge our growth with the backing of LeoVegas and MGM. We look forward to scaling up our development capabilities, entering new markets and taking our products to the next level,” Marshall added.
