MGM Resorts has recently revealed that its wholly owned subsidiary, LeoVegas, has struck a deal to acquire game development studio Push Gaming. This is the first significant investment by LeoVegas since it was taken over by MGM last September.
Continued Growth and Collaboration
Following the acquisition, Push Gaming’s employees will continue to create and distribute games via their own platform and remote gaming server. The 100+ employees will remain under the same management team as before, ensuring a seamless transition.
Gary Fritz, President of MGM Resorts International Interactive, stated, “The acquisition of Push Gaming by LeoVegas is consistent with our vision to expand MGM Resorts‘ digital gaming presence internationally to grow our capabilities and products over the next several years. We are pleased to bring Push Gaming into our business as it brings a track record of developing games that are popular and have staying power in the industry as well as an exceptional management and operating team.“
Push Gaming’s proprietary technology, development experience, and intellectual property will bolster LeoVegas’ expansion plans. At the time of the agreement, Push Gaming has a portfolio of over 30 games, well distributed across the global iGaming business.
Titles include names such as Razor Shark, Wild Swarm, Big Bamboo, and Jammin’ Jars, which it delivers to more than 200 operators worldwide.
LeoVegas CEO Gustaf Hagman said, “I’m thrilled to welcome Push Gaming to our extended family. The management team at Push Gaming has had a phenomenal journey, quickly growing the company from a small start-up to a player with outstanding proprietary content and a strong customer base. We look forward to contributing to their continued success moving forward.“
LeoVegas Acquires Push Gaming: the implications
The acquisition of Push Gaming by LeoVegas has several significant implications for the iGaming industry:
- Strengthened Digital Presence: The deal is expected to boost MGM Resorts’ digital gaming presence, potentially leading to increased competition in the iGaming space.
- Innovation and Expansion: LeoVegas acquires Push Gaming proprietary technology and development expertise will likely fuel innovation in gaming products and services, opening up new markets and opportunities for growth.
- Collaboration Opportunities: The acquisition will provide LeoVegas with access to a wider range of games and platforms, offering potential collaboration opportunities with other gaming operators and suppliers. It is possible that this development will lead to further investigations into web3 lotteries or crypto casinos.
The acquisition is anticipated to close before the end of the year.