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Endeavor completed the acquisition of OpenBet from Scientific Games for $800m.

Synopsis

Endeavor, an entertainment, sports and content company, completed the acquisition of OpenBet, a provider of integrated gaming and betting software products, from Scientific Games, a provider of gambling products and services, for $800m. “The addition of OpenBet to our sports betting portfolio will enable us to further capitalize on the massive tailwinds in the fast-evolving sports betting ecosystem and lead the way in defining the future of sports betting entertainment. In combination with our IMG ARENA sports data and content business, we’ll look to create and unlock meaningful value for our rights holder and sportsbook customers, helping deliver the most compelling offerings for sports fans globally,” Ariel Emanuel, Endeavor CEO.

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