MGM Resorts-owned LeoVegas is reportedly lining up the acquisition of digital games studio Push Gaming in a deal worth approximately €150m ($164m).
According to sources close to the matter, the deal at post-legal status ahead of an official announcement expected this week or next. Industry experts view the acquisition as a strategic move that will add to LeoVegas’ online slots games while boosting its B2B capabilities.
Push has offices and gambling licenses in both the UK and Malta
Reportedly, Push has hoped to sell for some time, with firms like Light & Wonder, formerly Scientific Games, expressing interest in buying the brand. Push has offices and gambling licenses in both the UK and Malta.
MGM’s ‘asset light’ strategy adopted in the latter half of 2021 may still hold true for its brick-and-mortar properties, but doesn’t seem to apply to digital assets. After making its first approach in May, MGM finally splashed out €575m ($604m) for LeoVegas in September. Based on the Push buyout news, the US casino giant seems intent on further growth.