American gaming behemoth MGM Resorts is poised to purchase Maltese game development studio Push Gaming via LeoVegas in a €150 million agreement, as reported by iGamingNext.
While the deal has yet to be finalized, it is said to be in the post-legal phase, according to insiders familiar with the situation. An official announcement is anticipated either over the weekend or early next week.
Acquiring Push Gaming is expected to bolster LeoVegas’ proprietary games collection and enhance its B2B sector, which is primarily driven by the company’s in-house Rhino technology platform.
This isn’t the first instance of LeoVegas pursuing such a strategy, as it previously acquired the independent game studio Blue Guru Games through its LeoVentures investment arm in 2021.
Push Gaming has been exploring the possibility of selling its business for a while. It is believed that several gaming corporations, including Scientific Games, have previously considered acquiring the company.
With headquarters in both London and Malta, Push Gaming is licensed by the Malta Gaming Authority (MGA) and the UK Gambling Commission.
An insider close to the discussions revealed that the deal is being spearheaded by LeoVegas, rather than its American parent company MGM.
MGM purchased LeoVegas last year in a $607 million transaction to expand its online gambling presence beyond the US and enter other markets, including Europe. The acquisition also aimed to infuse digital expertise into MGM’s predominantly brick-and-mortar operations.
