GiG Software is returning to B2C with its planned acquisition of 888Africa, betting on Africa’s growth potential despite the region’s regulatory uncertainty.
LVS increased its ownership in Sands China to 75.01% after purchasing 1.62 million shares.
The combined operator is expected to become the second-largest listed gaming and sports betting group globally, with around €115m in annual run-rate synergies targeted within three years.
Disposal forms part of the operator's ongoing asset monetisation programme.
The acquisition enables Trivelta to integrate Kerma’s celebrity partnerships, while Kerma gains access to enhanced technical resources and global reach.
Following Banijay’s recent move for Joa, Merkur is also targeting an entry into France’s land-based casino market.
The proposed €16.4m acquisition would give GiG an 80% stake in an African operator generating an annualised NGR run rate of around $50m.
Oaktree already has interests across the gaming sector, including Interblock and J&J Ventures Gaming and previously owned live slot streaming supplier Awager.
Board says the mandatory bid undervalues the supplier and does not reflect its fair market value.
George Daskalakis, who also co-founded the operator, is reportedly in advanced talks with Bristol City owner Steve Lansdown.