Push Gaming announced that it has joined MGM Resorts International as LeoVegas, an MGM subsidiary, is set to acquire the company and its operations.
Following MGM’s May announcement, the LeoVegas-led acquisition of Push Gaming Holding Limited was lauded as a ‘significant milestone’ by CEO James Marshall as he confirmed the deal via the developer’s LinkedIn page.
“This is a huge achievement for us and we’re excited to take this next step with LeoVegas Group and MGM Resorts,” said Marshall. “We have a talented team whose passion and dedication has been key in helping us to reach this significant milestone.
“Our portfolio is constantly expanding and we continue to grow in line with our long-term strategy of bringing the best in entertainment to new players, new markets and cementing our place as a true industry leader.”
As LeoVegas’ first major investment since it joined MGM Resorts last year, the operator will gain ownership of Push Gaming’s existing games, in-house developed technology, intellectual property and development expertise.
After the initial announcement, MGM Resorts International Interactive President, Gary Fritz, stated: “The acquisition of Push Gaming by LeoVegas is consistent with our vision to expand MGM Resorts’ digital gaming presence internationally to grow our capabilities and products over the next several years.
“We are pleased to bring Push Gaming into our business as it brings a track record of developing games that are popular and have staying power in the industry as well as an exceptional management and operating team.”
Push Gaming’s management team will remain unchanged along with its staff of over 100 employees, allowing them to continue developing slots and add to its extensive catalogue of online casino products.
Commenting on the deal in May, Gustaf Hagman, LeoVegas CEO, added: “I’m thrilled to welcome Push Gaming to our extended family.
“The management team at Push Gaming has had a phenomenal journey, quickly growing the company from a small start-up to a player with outstanding proprietary content and a strong customer base. We look forward to contributing to their continued success moving forward.”