US casino giant MGM Resorts is set to acquire Malta-based games studio Push Gaming via LeoVegas in a €150m deal, iGaming NEXT has learned.
The transaction has not been completed but is in the post-legal stage according to sources familiar with the matter, with confirmation expected to be announced over the weekend or early next week.
This is not the first time LeoVegas has pursued such a strategy after acquiring formerly independent studio Blue Guru Games via its LeoVentures investment arm back in 2021.
Push Gaming has explored a sale of the business for some time now. Several gambling companies including Scientific Games are understood to have looked into acquiring the company previously.Push has central offices in both London and Malta and is licensed by the Malta Gaming Authority (MGA) and the UK Gambling Commission.
One source close to the negotiations said the deal was being driven by LeoVegas and not by US parent company MGM.
MGM acquired LeoVegas last year in a $607m deal to diversify its online gambling operation outside of the US and enter other operational markets including Europe. It was also designed to add digital expertise to MGM’s predominantly retail business.
iGaming NEXT has contacted Push Gaming for comment.
More to follow…