MGM Resorts International is to bolster its igaming capabilities after the group’s LeoVegas subsidiary entered into agreement to purchase the majority of Push Gaming.
This represents what is billed as “ the first major investment” by LeoVegas since the US casino and entertainment operator acquired the group in a $607m deal during 2022.
The agreement is subject to regulatory and customary approvals, and it is anticipated that closing will be finalised during the third quarter of 2023.
“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,” said Gary Fritz, President of MGM Resorts International Interactive.
“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, which boasts more than 30 online casino titles such as Razor Shark, Wild Swarm, Big Bamboo, and Jammin’ Jars, will see its proprietary tech and IP strengthen the production capabilities of LeoVegas and support its plans for continued growth through expansion.
As part of LeoVegas, Push Gaming will remain under the same management team, with its more than 100 employees will continue to develop games that will be distributed via their own platform and remote gaming server.
Gustaf Hagman, LeoVegas CEO, commented: “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.”