LeoVegas to Purchase Push Gaming

Online betting operator and MGM subsidiary LeoVegas Group announced that they've come to terms to purchase a majority stake in casino game developer Push Gaming.

Terms of the deal weren't disclosed, but it is known that the purchase is being made through the LeoVentures program. The company will be seeing Push Gaming remaining independent with its own management team, with games continuing to be distributed to their current client base. LeoVegas has said that they're looking to to expand more into the game content and distribution fields.

The deal is subject to regulatory approvals in the areas in which Push Gaming is located. The purchase marks the first major buy for LeoVegas since it was purchased by MGM Resorts in 2022.

LeoVegas Group CEO Gustaf Hagman commented on the purchase, noting: "I'm thrilled to welcome Push Gaming to our extended family. The management team has been on a phenomenal journey, growing the company rapidly from a small start-up to a leader in its field.

"Push Gaming has an outstanding track record, proprietary tech, and fantastic intellectual property that will ensure we give customers the very best, cutting-edge entertainment."

Push Gaming CEO James Marshall also commented, adding: "I'm incredibly proud of what we have achieved to date and this deal is a testament to the work that our team have put in, taking us from start-up to a leading supplier with some of the most recognised games in our industry.

"We have ambitious plans, and we can now supercharge our growth with the backing of LeoVegas and MGM. We look forward to scaling-up our development capabilities, entering new markets and taking our products to the next level."

Casino Listings News is following this story and will update readers as the purchase process progresses.

Related casinos