LeoVegas officially announces Push Gaming acquisition
Following recent rumors about the acquisition, the gambling operator has confirmed the deal in its latest announcement. As part of the contract, LeoVegas will acquire the majority of Push Gaming’s shares through its investment subsidiary, LeoVentures.
The Chief Executive Officer of LeoVegas Group, Gustaf Hagman, commented:
“We are delighted to be welcoming Push Gaming to our company. Its professional team has been able to create a catalog of top-notch offerings that provide innovative and highly-engaging player experiences that are sure to elevate our operations in the development side of the industry, which we are quite excited about.”
The co-Founder and Chief Executive of Push Gaming, James Marshall, stated:
“We are quite excited to have this opportunity to join LeoVegas’ extensive list of subsidiaries. Over the course of our time on the market, we have grown from a small startup to our current position in the industry, and this acquisition by a leading corporation is an excellent mark of our dedication and hard work. We are looking forward to what the future holds for us.”
The developer will continue its business operations under its own brand as part of the operator’s group, with its co-founders remaining as the CEO and COO of the firm. Additionally, the deal is estimated to be fully finalized sometime in the third quarter of the year.