Posts

FanDuel acquires eSports platform AlphaDraft

FanDuel, one of the biggest fantasy sports operator, has announced the acquisition of Alpha Draft, a major eSports platform. It is FanDuel’s first move into eSports market.

It proves that the industries of eSports and fantasy sports are getting closer to each other like never before. What is more, a few days ago it was reported that DraftKings will have eSports contests available within its markets from the beginning of October 2015. The company is also planning to enter the UK market soon.

To put the size of eSports industry into perspective, the latest predictions say that the number of eSports fans will catch up with the number of American Football fans in two years.

Because of FanDuel’s ambitions to become the biggest operator in the fantasy sports industry, it has recently made other serious investments, such as acquiring Kotikan and numberFire.

Nigel Eccles, FanDuel’s CEOsaid “With over 200 million people globally watching eSports, AlphaDraft gives those fans a way to engage with this burgeoning entertainment product that creates an enormous opportunity for us.”

“This is sports for a new demographic, with very little crossover with what are considered traditional sports fans, and this acquisition gives us the ability to leverage the expertise of AlphaDraft’s team, while helping their efforts in customer acquisition and building awareness of this new industry.  It’s a win-win”, he added.

“This pairing creates an incredible opportunity to drive the fantasy industry forward and create compelling products that will enhance all fan engagement”, said Todd Peterson, the CEO of Alpha Draft.

 

Catena Media acquires competitor Stay Media

Catena Media has signed an agreement to acquire 100 percent of the shares in the Swedish company Stay Media. The acquisitions will generate immediate synergies and strengthen Catena Media’s leading position in the lead generation market of online casinos. The total purchase price amounts to EUR 3 million.

Stay Media operates in the same industry as Catena Media and owns strategic assets such as www.freespins.se,www.mobilcasino.com and www.bonusjakt.com. The acquisition of Stay Media is in line with Catena Media’s growth strategy, which is to grow both organically and through acquisitions. The purchase price consists of both shares in Catena Media and cash.

“With the strategic acquisition of Stay Media we will strengthen our leading position in lead generation market for online casino and we achieve immediate synergies within our business to generate traffic to our partners” says Robert Andersson, CEO of Catena Media.

The acquisition of Stay Media and the earlier acquisition of Dutch online media company LJFK are important milestones for Catena Media in preparation for the possible IPO that will create new opportunities for further expansion and the ability to invest in one of the largest and fastest growing companies in the online casino industry.

Catena Media was founded in 2008 by Swedish entrepreneurs Erik Bergman and Emil Tidell . In 2013 came the venture capital company Optimizer as major shareholders , but the founders are still at large shareholdings .

“Catena Media is one of the gaming industry’s biggest players in its field, and the purchase of another well managed and successful company that provides similar services and owns valuable domain names, creates a large value for Catena”, says Henrik Persson, partner Optimizer Invest, one of the largest shareholders in Catena Media.

PTL acquires payments solution Apco Ltd.

PTL International, the technology subsidiary of Hili Ventures, has just acquired APCO Limited, the Malta-based payment gateway provider and a key player in the remote gaming sector.

APCO’s Ian Pellicano told SiGMA: “PTL International is a leading IT cluster and is among the most diversified in Malta. By being part of this ambitious group of companies with a presence in seven countries across Europe, the Middle East and North Africa, APCO will consolidate its market positioning and strengthen its competitiveness.”

This is PTL International’s second key acquisition this quarter. On July 1, it announced the purchase of SAD, Poland’s largest Apple retailer. PTL International now boasts a team of more than 400 people and an annual turnover that will exceed €100 million.

Amaya Gaming confirms finalisation of offering

Amaya Gaming, has announced the completion the underwritten bought-deal private-placement basis of 25 million subscription receipt priced at CAN$20 (€13.77/$18.73) each.

The Canadian gaming provider confirmed that the underwriters of the offering exercised in full the option to purchase an additional 7,000,000 subscription receipts, with the total gross proceeds to Amaya from the offering amounting to CAN$640 million.

The proceeds are currently being held in escrow and will be released without any additional payment upon Amaya’s acquisition of Rational Group, subsidiaries of which are the online poker websites PokerStars and Full Tilt Poker. The proceeds shall also be used for partial funding of the acquisition.

The agreement states that if the subscription receipt is not finalised within six months from the end date of the initial offering, the said receipts shall be cancelled automatically, unless Amaya and the holders of the receipt agree to an extension. Should such a termination occur, the amount subscribed plus its accrued interest shall be reimbursed to the holders of the receipts.

Subject to the terms of the receipt agreement, the subscription receipts are transferable, but these shall not be listed on any exchange.

Amaya is however stating that, should the transaction not be finalised within four months from the closure of the offering, it will put forward its best efforts to find a stock exchange listing for the subscription receipts.

The Canadian gaming provider, Amaya Gaming has a branch of its operations currently running in Msida, Malta.