LeoVegas finalizes purchase of Push Gaming
LeoVegas has recently completed its purchase of Push Gaming.
The acquisition was originally announced back in May, as part of which the operator sought to purchase a majority stake in the development firm through its investment division, LeoVentures. Several major financial details of the contract, such as the cost, have not been disclosed by the operator, although rumors at the time suggested a price tag of around 150 million euros.
Recently, LeoVegas announced the completion of the purchase, through which Push Gaming is now officially a part of the operator’s portfolio of subsidiaries. The agreement also involved the transfer of the development firm’s team and leadership, with Push Gaming’s current CEO and COO, James Marshal and Winston Lee, who are also its co-founders, remaining in their respective positions.
This purchase will enable the operator to expand its presence in the space of online slot games, helping it grow its international reach through an enhanced content catalog. Additionally, Push Gaming’s proprietary technology solutions will further help the company expand in worldwide markets.
In mid-August, the operator’s parent firm, MGM Resorts, announced that it would be utilizing the existing platform solutions of LeoVegas to expand the presence of its BetMGM online gambling brand in the United Kingdom. This announcement introduced a major change in BetMGM’s operations, as its core business in the United States utilizes the backend solutions of Entain, which is also the brand’s co-owner alongside MGM Resorts. Check out our coverage of the recent international expansion of BetMGM to learn more.