Deals
Here's a Sure Bet: Merger Mania Won't Abate in Gaming Industry
- Deal volume of $12.9bn this year was the highest since 2005
- Increased taxation and shift to online betting driving M&A
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It’s been the busiest year for gaming-industry consolidation in a decade, and the wave of mergers and acquisitions isn’t over yet.
As governments ratchet up the tax burden at a time when companies are competing harder than ever for new customers, oddsmakers are finding the best way to combat the squeeze on profitability is to join forces. At $12.9 billion, the volume of deals announced in 2015 was about double that of 2014 and the highest since 2005, according to data compiled by Bloomberg.