The Gamesys Group is an online software development and gaming business. It was listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
until it was acquired by the U.S. casino operator,
Bally's Corporation
Bally's Corporation is a gaming, betting, and interactive entertainment company headquartered in Providence, Rhode Island. It owns and operates 15 casinos across ten states, a horse track in Colorado, and online sports betting operations in 14 st ...
, in October 2021.
History
The company was founded in by Andrew Dixon, Noel Hayden, Robin Tombs and a small team of software developers in 2001.
Gamesys acquired Virgin Games in January 2013. It then sold its Jackpotjoy brand to The Intertain Group, for a minimum of £425.8 million in February 2015.
In September 2019 JPJ Group carried out a
reverse takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compan ...
of Gamesys and subsequently changed its name to Gamesys Group. (The acquirer, which was a Canadian online gaming operator established as The Intertain Group in 2014, had become known as Jackpotjoy in January 2017 and then as JPJ Group in June 2018).
In March 2021, the U.S. casino operator, Bally's Corporation, made an offer to acquire the company for US$2.7 billion. The transaction was completed on 1 October 2021.
Notes
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External links
Official site
Online gambling companies of the United Kingdom