LeoVegas pens £65m deal to acquire UK-facing casino firm

Group CEO Gustaf Hagman says the deal will strengthen the operator’s UK presence and boost its multi-brand strategy

LeoVegas has signed a deal to acquire Alderney-based casino operator Intellectual Property & Software Limited (IPS) and its brands, in a move intended to strengthen LeoVegas’ position in the UK market. The £65m deal, made via the operator’s subsidiary LeoVegas Gaming Ltd, will be financed by cash and from existing debit facilities. As part of…

Bede Gaming | Intellectual Property & Software Limited | Joe Saumarez Smith | LeoVegas | M&A