In a significant move that promises to redefine the online gaming landscape, LeoVegas Group and MGM Resorts International have acquired Push Gaming. This joint acquisition by two global gaming giants is set to cement their positions in an increasingly competitive market. As a result of this strategic partnership, an exciting new chapter in online gaming is on the horizon.
Push Gaming: The Founding and Progress
Founded in 2012, Push Gaming is a privately-held game development firm nestled in the picturesque locale of Malta. Over the years, the company has built a solid reputation for its unique and innovative gaming portfolio within the gambling world.
With over 30 titles under its belt, the purchased organization has proved its mettle in delivering top-tier games. Razor Shark, Jammin’ Jars, and Big Bamboo are just a few of the many critically acclaimed games that have elevated the company’s stature in the gaming world.
A Strategic Move: The Joint Acquisition
The decision of LeoVegas Group and MGM Resorts International to acquire Push Gaming underscores their commitment to strengthening their foothold in the online gaming sphere.
By integrating Push Gaming into their portfolio, the acquisition announcement came on May 1, 2023, marking LeoVegas Group’s first major acquisition since it was purchased by MGM Resorts International the previous year. The acquired company’s existing management team and 100+ employees will continue their work in developing top-tier games.
The firms stand to benefit from the company’s award-winning games and its proficient team of developers. This move marks a significant milestone in their growth story, promising a more diversified product offering and an enhanced gaming experience for their customers.
LeoVegas Group: Global Presence and Industry Reputation
LeoVegas Group, a stalwart in online gaming, boasts operations in over 100 countries. Its wide array of casino, sports betting, and bingo games have set it apart in the industry. The group’s reputation as an industry leader is built on its innovative casino online games and its customer-focused services.
MGM Resorts International, the buyer’s parent organization, is a key player in the global casino and hospitality sector, operating in over 100 countries worldwide. MGM Resorts is renowned for its stringent service standards and unwavering commitment to providing an unforgettable gaming experience.
In an interview discussing the acquisition, Gustaf Hagman, Chief Executive of LeoVegas Group, expressed his enthusiasm for the future of the partnership. Hagman went on to praise the target company’s accomplishments, “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.”
The Expected Impact of the Acquisition
The acquisition acquiring company is expected to leverage Push Gaming’s extensive gaming portfolio and technical expertise. As we inch closer to the second quarter of 2023, the acquisition surely marks a significant leap, ensuring that these companies remain at the forefront of the online gaming industry. The gaming world is keenly watching this merger, eagerly anticipating the dawn of a new era in the global gaming landscape.
In terms of game distribution, the integrated firm’s titles will be available through its own platform and various remote gaming channels. While the financial details of the agreement remain undisclosed, the acquisition is undoubtedly a strategic investment that will bolster the purchasing company’s position in the online gaming industry.
Conclusion
In a nutshell, the acquisition of Push Gaming by LeoVegas Group and MGM Resorts International is expected to be a game-changer. This strategic move will enable these firms to tap into the rich gaming portfolio and technical prowess of the acquired company. The joint acquisition sets the stage for an exciting future, with a promise to deliver a more diversified and enhanced gaming experience to their global customer base.
Charisse is a content contributor for Kika Casino. With a passion for audience experience and a focus on reliability, Charisse delivers fact-checked articles covering industry news and gaming tips.