LeoVegas Group, MGM-owned is set to acquire Push Gaming, the game developer best known for slot games like Razer Shark, Jammin’ Jars, Big Bamboo, and others. The deal would see LeoVegas get a majority stake in the game development company through LeoVentures the investment arm.
If the deal goes through, LeoVegas would strengthen their content production and even expand into slots and other content creation. Meanwhile, Push Gaming will remain an independent entity retaining all the employees and Winston Lee and James Marshall still acting as CEO and COO of the company.
With this deal, LeoVegas Group will get exposure to Push Gaming’s slots category along with their expertise and intellectual properties.
Gustaf Hagman, the CEO at LeoVegas Group, “I’m thrilled to welcome Push Gaming to our extended family! The management team has been on a phenomenal journey, growing the company rapidly from a small start-up to a leader in its field.”
“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,” Hagman added.
“I’m incredibly proud of what we have achieved to date and this deal is a testament to the work that our team have put in, taking us from start-up to a leading supplier with some of the most recognised games in our industry,” commented James Marshall, the CEO and Co-Founder of Push Gaming.
Marshall also added, “We have ambitious plans and we can now supercharge our growth with the backing of LeoVegas and MGM. We look forward to scaling-up our development capabilities, entering new markets and taking our products to the next level.”
The deal is yet to go through customary approvals and might be finalized in 2023 Q3.