MGM-owned LeoVegas Group has completed its acquisition of a majority stake in games developer Push Gaming.
The deal was announced in May, although LeoVegas did not disclose the financial details of the purchase.
LeoVegas says the acquisition is in line with its strategy to expand through investing in game content creation and distribution. It also says the deal expands its activities into the slots content sector and strengthens its content production capabilities.
The group has also confirmed that all Push Gaming employees will be retained as part of the deal.
Push Gaming will remain an independent entity and retain its own management team. Its co-founders, Winston Lee and James Marshal, remain as chief operating officer and chief executive respectively.
“With an impressive catalogue of games that include fan favourites such as Razor Shark, Wild Swarm and Big Bamboo, Push Gaming will boost the group’s exposure into the booming slots content category and add key proprietary technologies essential for continued international growth,” LeoVegas said.
“As part of the LeoVegas pride, the team of over 100 employees will persist in developing high-quality games. These will be available through major operators worldwide.”
First major purchase since MGM deal
The acquisition represents the first major investment by LeoVegas since becoming part of MGM Resorts in November last year.
MGM Resorts International Interactive president, Gary Fritz, said the acquisition supports the wider business within the digital gaming segment.
Fritz added that the purchase is consistent with MGM’s vision to expand its digital gaming presence internationally.
