Gamesys Explained

Gamesys Group
Type:Public limited company
Location:London, United Kingdom
Industry:Online gambling
Revenue: £727.7 million (2020)[1]
Operating Income: £93.4 million (2020)
Net Income: £67.2 million (2020)

The Gamesys Group is an online software development and gambling business. It was listed on the London Stock Exchange until it was acquired by the U.S. casino operator, Bally's Corporation, 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.[2]

Gamesys acquired Virgin Games in January 2013.[3] It then sold its Jackpotjoy brand to The Intertain Group, for a minimum of £425.8 million in February 2015.[4]

In September 2019 JPJ Group carried out a reverse takeover of Gamesys and subsequently changed its name to Gamesys Group.[5] (The acquirer, which was a Canadian online gaming operator established as The Intertain Group in 2014,[6] had become known as Jackpotjoy in January 2017 and then as JPJ Group in June 2018).[7]

In March 2021, the U.S. casino operator, Bally's Corporation, made an offer to acquire the company for US$2.7 billion.[8] The transaction was completed on 1 October 2021.[9]

External links

Notes and References

  1. Web site: Annual Results 2020. Gamesys Group. 9 March 2021. 18 May 2021. https://web.archive.org/web/20210518021043/https://www.gamesysgroup.com/media/1751/gamesys-group-fy2020-results_final.pdf. live.
  2. Web site: Company profile . fasttrack.co.uk . dead . https://web.archive.org/web/20120302213614/http://www.fasttrack.co.uk/fasttrack/leagues/dbDetails.asp?siteID=3&compID=1858&yr=2006 . 2 March 2012 . dmy .
  3. Web site: Gamesys acquires Virgin Games to bolster real-money and social gambling games portfolio . The Next Web . 2013-05-04 . 7 January 2013 . https://web.archive.org/web/20181016165334/https://thenextweb.com/insider/2013/01/07/gamesys-acquires-virgin-games-to-bolster-real-money-and-social-gambling-games-portfolio/ . 16 October 2018 . live .
  4. News: Intertain buys UK bingo Jackpotjoy business for US$650 mln. Proactive Investor. 5 February 2015. 8 November 2021. 2 November 2022. https://web.archive.org/web/20221102100727/https://www.proactiveinvestors.co.uk/companies/news/105382/intertain-buys-uk-bingo-jackpotjoy-business-for-us650-mln-59702.html. live.
  5. Web site: JPJ transitions to Gamesys Group plc. 27 September 2019. SBC News. 6 March 2020. 12 August 2020. https://web.archive.org/web/20200812034141/https://www.sbcnews.co.uk/europe/2019/09/27/jpj-transitions-to-gamesys-group-plc/. live.
  6. Web site: The Intertain Group Limited: annual information for the year ended 31 December 2015. The Intertain Group. 16. 6 March 2020. 8 November 2021. https://web.archive.org/web/20211108223757/http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=152236. live.
  7. Web site: Jackpotjoy CEO in shock exit. 19 October 2017. Shares Magazine. 8 November 2021. 24 February 2024. https://archive.today/20240224124458/https://www.sharesmagazine.co.uk/article/jackpotjoy-ceo-in-shock-exit. live.
  8. News: Bally’s Agrees to Buy Betting Firm Gamesys for $2.7 Billion. 24 March 2021. Bloomberg. 25 September 2021. 25 September 2021. https://web.archive.org/web/20210925144026/https://www.bloomberg.com/news/articles/2021-03-24/bally-s-agrees-to-buy-gaming-platform-gamesys-for-2-7-billion. live.
  9. News: Bally’s Corporation completes Gamesys Group acquisition. 4 October 2021. SBC. 8 November 2021. 8 November 2021. https://web.archive.org/web/20211108235400/https://sbcamericas.com/2021/10/04/ballys-corporation-completes-gamesys-group-acquisition/. live.

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