Mergers and acquisitions in European gambling may shift focus to technology-led deals but are likely to continue, gambling conference panellists agreed last week.
Over the weekend, the private equity firm CVC Capital Partners agreed to acquire majority interest in German bookmaker Tipico for an undisclosed price.
CVC already owns majority control of the UK’s Sky Bet, acquired in 2014.
But deals involving UK firms are probably stalled until after the June 23 referendum on whether the country should leave the European Union, said Susan Breen of London-based law firm Mishcon de Reya.
Click here to read the full article (subscription only).
Susan Breen, Corporate Partner and Head of the Betting & Gaming Group at Mishcon de Reya, was one of the panelists at the KPMG eGaming Summit 2016 in Gibraltar during the session "Riding the Wave: M&A Activity in the Gambling & Betting Sector".