LeoVegas Group Acquires Majority of Push Gaming Shares
In a calculated and visionary move, LeoVegas Group has recently unveiled its ambitious plans to acquire a majority stake in Push Gaming, a distinguished and well-respected online slots developer. This acquisition serves as a testament to LeoVegas Group's commitment to solidifying its presence in the competitive world of slot development and carving a unique niche for itself in the market.
The acquisition of Push's shares is anticipated to not only enhance LeoVegas’ position within the industry but also to substantially expand its production capabilities. By aligning with a reputable and innovative partner like Push Gaming, the Group aims to harness the potential of a diverse and high-quality game portfolio.
A Small yet Mighty Powerhouse
Despite having a modest portfolio of around 30 titles, Push is celebrated for its exceptional quality and innovation in online slots development. Its popular games, such as Razor Shark, Wild Swarm, Big Bamboo, and Jammin' Jars, have garnered widespread recognition and are offered by over 200 operators worldwide.
The investment arm of LeoVegas Group, LeoVentures, is set to spearhead this acquisition. With the ownership of Push's proprietary technology, intellectual property, and development expertise, it aims to strengthen its foothold in the ever-growing slot development market.
A Partnership Built on Independence and Collaboration
While becoming a part of the LeoVegas Group family, Push will retain its independence as a separate entity. The company will continue to employ its current workforce and release its games via the same platform and remote gaming server.
The acquisition is expected to offer numerous benefits for both brands. Push will gain access to extensive resources and market reach, allowing for further growth and expansion. On the other hand, the Group can capitalize on Push’s innovative offerings and cutting-edge technology to enhance its product portfolio.
This strategic partnership is set to reshape the landscape of online slot development. As both companies leverage their unique strengths and capabilities, their combined efforts will undoubtedly bring more thrilling and engaging gaming experiences to players across the globe.
Gustaf Hagman, LeoVegas Group CEO, said:“I’m thrilled to welcome Push Gaming to our extended family! The management team has been on a phenomenal journey, growing the company rapidly from a small start-up to a leader in its field. Push Gaming has an outstanding track record, proprietary tech, and fantastic intellectual property that will ensure we give customers the very best, cutting-edge entertainment.”
“Welcome To The Pride! Leovegas Group To Acquire Push Gaming”, leovegasgroup.com, May 1, 2023.By Ivan Stefanovic