Although a lot has happened in 2022, very few acquisitions were announced. However, those that were announced were big.
With the year finally coming to a close, we thought we’d take a look back at the biggest acquisitions of the year and touch on what the companies have been doing since completion!
Nolimit City was an independent game developer that was founded back in 2014. The game has developed a reputation for creating unique casino games – mostly slots – with varying themes and groundbreaking gameplay mechanics like its slew of xFeatures.
In June 2022, Evolution announced it had signed an agreement to acquire the developer for, as we reported, an upfront consideration of €200 million with earn-outs of up to €140 million.
The acquisition was completed in early August 2022, with Nolimit City becoming the fourth brand to be acquired by Evolution, following NetEnt, Red Tiger Gaming, and Big Time Gaming.
Now, Nolimit City games have been made available with all Evolution-partnered casinos, and it sees Evolution grows its portfolio of “innovative and cutting-edge games”, as stated by chairman Jens von Bahr.
In November 2021, game developer, aggregator, and provider Microgaming announced that it had agreed to sell its distribution business and games to the then-newly-founded Games Global Limited.
The purchase was completed in May this year, with Games Global taking over the firm’s distribution business, its iconic game IP, legendary progressive network jackpots, and more.
Since its acquisition, Games Global has continued to release partnered casino content, with new games released on a weekly basis each month from studios like Spinplay Games, Triple Edge Studios, All41 Studios, Stormcraft Studios, Just For The Win, Gameburger Studios, and more.
After acquiring the entire William Hill business in 2021, Caesars announced plans to sell the company’s UK and European assets.
In September 2021, 888 agreed to purchase the non-US business of William Hill, and shareholders of 888 were required to vote and approve the acquisition in May 2022 due to William Hill’s larger assets.
The initial price for the deal was totalled at £2.2 billion but was reduced to £250 million, and the acquisition was completed in July 2022.
At the time of completion, 888 chairman Lord Mendehlson, as reported by iGamingBusiness, unveiled plans to merge the two businesses to create a “powerful, global betting and gaming business”, noting that he was “confident” about the firm’s future plans.
It’s unclear what the companies listed here have planned in 2023, but we’re confident in believing that they’re all going to work relentlessly to provide you with even more enjoyable contact and gambling opportunities.
