{"id":271283,"date":"2023-05-01T14:19:07","date_gmt":"2023-05-01T19:19:07","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=271283"},"modified":"2023-05-01T15:01:19","modified_gmt":"2023-05-01T20:01:19","slug":"mgm-buys-push-gaming-to-add-to-igaming-lineup","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/","title":{"rendered":"MGM Resorts Acquires Developer Push Gaming"},"content":{"rendered":"

MGM Resorts International (NYSE: MGM) announced Monday that it’s acquiring game developer Push Gaming Holding Limited and its related subsidiaries.<\/p>\n

\"Push
A tweet advertising one of Push Gaming’s offerings. MGM Resorts International is acquiring the company. (Image: Twitter)<\/figcaption><\/figure>\n

Financial terms of the deal, which is expected to close in the third quarter, weren\u2019t disclosed. The transaction marks the first for LeoVegas since that company became part of MGM last year. The casino operator paid about $605 million<\/a> to purchase Sweden-based LeoVegas, adding a profitable iGaming firm with strong European exposure.<\/p>\n

With the Push deal, MGM adds proprietary technologies, intellectual property, and development expertise, as well as an expansive content library.<\/p>\n

As part of LeoVegas, Push Gaming will remain under the same management team and its 100+ employees will continue to develop high-quality games, distributed via their own platform and remote gaming server,\u201d according to a statement issued by the buyer.<\/p><\/blockquote>\n

Privately held Push has more than 135 employees located in five countries.<\/p>\n

Deal Fits with MGM’s Bolt-On Plan for BetMGM<\/h2>\n

MGM has signaled a willingness to make deals,<\/a> and with BetMGM nearing profitability, more acquisitions could be on the way.<\/p>\n

\n

With the Push deal, the buyer adds a company with more than 30 titles, including “Razor Shark,” “Wild Swarm,” “Big Bamboo,” and “Jammin’ Jars,” that supplies more than 200 operators around the world. Those include 888 Casino, 32 Red, Betsson, Coolbet, Entain, and LeoVegas. Entain is MGM\u2019s partner on BetMGM.<\/p>\n<\/div>\n

\u201cPush Gaming’s proprietary technologies, intellectual property, and development expertise will bolster the content production capabilities of LeoVegas and support its plans for continued growth through expansion,\u201d according to the statement.<\/p>\n

LeoVegas currently offers iGaming and sports wagering in Europe, and could expand in Japan as MGM moves toward the 2029 opening of its integrated resort<\/a> in Osaka, that country\u2019s first land-based gaming venue.<\/p>\n

Push Pivots to Online<\/h2>\n

Push Gaming was founded in 2010. The company, licensed and regulated by the Malta Gaming Authority (MGA), originally intended to be a player in the traditional slot machine market and aimed to supply land-based casinos.<\/p>\n

That focus shifted in 2015 when \u201cthe company became a game developer focusing on creating high-quality online slots.\u201d The move to online casinos could bear fruit and be additive to BetMGM because iGaming has a broader international reach and superior economics relative to sports wagering.<\/p>\n

Push publishes games for over 200 operators in more than 25 languages, and its platforms support over 25 cryptocurrencies, according to its website.<\/strong><\/p>\n

\u201cThe 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,\u201d said MGM Resorts International Interactive President Gary Fritz in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM Resorts International (NYSE: MGM) announced Monday that it’s acquiring game developer Push Gaming Holding Limited and its related subsidiaries. Financial terms of the deal, which is expected to close in the third quarter, weren\u2019t disclosed. The transaction marks the first for LeoVegas since that company became part of MGM last year. The casino operator […]<\/p>\n","protected":false},"author":46,"featured_media":271284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,32093,69293],"tags":[],"acf":[],"yoast_head":"\nMGM Buys Push Gaming To Add to iGaming Lineup<\/title>\n<meta name=\"description\" content=\"MGM Resorts bolsters iGaming portfolio with Push Gaming buy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Buys Push Gaming To Add to iGaming Lineup\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts bolsters iGaming portfolio with Push Gaming buy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-01T19:19:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-01T20:01:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/PG.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/\",\"name\":\"MGM Buys Push Gaming To Add to iGaming Lineup\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/PG.jpg\",\"datePublished\":\"2023-05-01T19:19:07+00:00\",\"dateModified\":\"2023-05-01T20:01:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"MGM Resorts bolsters iGaming portfolio with Push Gaming buy.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-buys-push-gaming-to-add-to-igaming-lineup\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/PG.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/05\/PG.jpg\",\"width\":1200,\"height\":675,\"caption\":\"A tweet advertising one of Push Gaming's offerings. 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