Gamesys

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Gamesys Group
Company type
Public limited company
LSEGYS
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HeadquartersLondon, United Kingdom
Key people
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  • Neil Goulden (chairman)
  • Lee Fenton ( CEO)
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Number of employees
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Websitewww.gamesys.co.uk

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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]

Notes

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  1. ^ a b c Page Module:Citation/CS1/styles.css has no content."Annual Results 2020" (PDF). Gamesys Group. Archived (PDF) from the original on 18 May 2021. Retrieved 9 March 2021.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Company profile". fasttrack.co.uk. Archived from the original on 2 March 2012.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Gamesys acquires Virgin Games to bolster real-money and social gambling games portfolio". The Next Web. 7 January 2013. Archived from the original on 16 October 2018. Retrieved 4 May 2013.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Intertain buys UK bingo Jackpotjoy business for US$650 mln". Proactive Investor. 5 February 2015. Archived from the original on 2 November 2022. Retrieved 8 November 2021.
  5. ^ Page Module:Citation/CS1/styles.css has no content."JPJ transitions to Gamesys Group plc". SBC News. 27 September 2019. Archived from the original on 12 August 2020. Retrieved 6 March 2020.
  6. ^ Page Module:Citation/CS1/styles.css has no content."The Intertain Group Limited: annual information for the year ended 31 December 2015" (PDF). The Intertain Group. p. 16. Archived (PDF) from the original on 8 November 2021. Retrieved 6 March 2020.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Jackpotjoy CEO in shock exit". Shares Magazine. 19 October 2017. Retrieved 8 November 2021.{{cite web}}: CS1 maint: deprecated archival service (link)
  8. ^ Page Module:Citation/CS1/styles.css has no content."Bally's Agrees to Buy Betting Firm Gamesys for $2.7 Billion". Bloomberg. 24 March 2021. Archived from the original on 25 September 2021. Retrieved 25 September 2021.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Bally's Corporation completes Gamesys Group acquisition". SBC. 4 October 2021. Archived from the original on 8 November 2021. Retrieved 8 November 2021.