LeoVegas is Acquiring Game Developer Push Gaming

MGM Resorts International announced that its subsidiary LeoVegas is acquiring game developer Push Gaming. In a Monday press release, MGM highlighted that it is LeoVegas’ first significant acquisition since MGM Resorts bought the gambling operator last year. The company hopes that the Push Gaming deal will boost content production and help contribute to continuing growth levels.

will distribute new games through its own platform

Push Gaming’s management team and employees will remain in place and it will distribute new games through its own platform. The deal is expected to become final in the third quarter, pending the relevant approvals. Financial terms of the transaction were not disclosed, but is rumored to be worth in the region of €150m ($164m).

MGM Resorts International Interactive president Gary Fritz explained how the acquisition will help boost the company’s digital gaming reach and range of products. LeoVegas CEO Gustaf Hagman also welcomed the news of the deal, noting Push Gaming’s “outstanding proprietary content” and “strong customer base.”

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• Source: https://www.vegasslotsonline.com/news/2023/05/01/leovegas-is-acquiring-game-developer-push-gaming/