Bragg Gaming to close Spin Games acquisition after receiving Pennsylvania licence
Summary
The regulator’s licence approval was all that remained for Bragg to complete its acquisition of Spin Games, a deal it now expects to close in the next few weeks. Bragg entered into a definitive agreement to acquire Spin Games, an iGaming supplier headquartered in Nevada, last May, placing a $30m price tag on the deal. Spin holds licences in several key regulated US markets, including New Jersey, Michigan, Connecticut and, of course, Pennsylvania. Its acquisition was key to Bragg Gaming’s US ambitions and having now secured a licence, it is clear to close this deal, which should take place later this month – largely in line with Bragg’s timeline as disclosed last December. “We appreciate the PGCB’s staff members’ diligence in reviewing our licence application and thank them for the approval to enter Pennsylvania’s iGaming market,” said Spielberg.
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