$700 million to acquire rival SuperPlay, with an additional contingent consideration that could bring the purchase to $1.25 billion.
The boards of both Israel-based companies have approved the deal. Playtika noted the final acquisition price could be $1.25 billion if closely held SuperPlay achieves “certain financial targets for 2025, 2026, and 2027.” Those include adjusted earnings before, interest, taxes, depreciation, and amortization (EBITDA) and sales objectives. The acquisition boosts Playtika’s exposure to the board…
Around two dozen states are either exploring legislation to legalize sports betting or have already done so, as America braces itself for a brand new regulated multibillion-dollar industry.
But the lottery industry wants a piece of the pie too. The North American Association of State and Provincial Lotteries praised the Supreme Court’s decision to find PASPA unconstitutional in an official statement on its website this week. It also reminded lawmakers and stakeholders in future US sports betting markets that lotteries can have a…
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