Private Equity
3 articles tagged "Private Equity".
New York Judge Allows FanDuel Founder’s Valuation Lawsuit Against Private Equity Backers to Proceed
A New York judge has allowed FanDuel co-founder Nigel Eccles and over 100 former shareholders to proceed with their lawsuit alleging that the company's board deliberately undervalued FanDuel during its 2018 merger, enriching private equity backers while wiping out common shareholders.
Banijay’s €32bn French casino bet reflects shift in gaming M&A priorities
Banijay's acquisition of Groupe JOA's 33 French casinos for an enterprise value around €32bn is seen by advisors as a bet on both resilient land-based cash flow and the eventual regulation of online casino in France, highlighting a shift in gaming M&A toward omnichannel operators and away from standalone content suppliers.
IGT Confirms 2027 Closure of ETG Division as Apollo Restructuring Continues
IGT will close its electronic table games division in 2027, citing a focus on core priorities under Apollo Global Management ownership, while continuing customer support during the wind-down. Separately, IGT PlayDigital has formed a South African partnership with Hollywoodbets, rolling out 20 games immediately and 20 more in coming months.