A pair of sports betting deals has the gaming industry asking, 'Who's next?'

. The deal, announced Sunday, was for $29.50 a share, marking a 130% premium to NeoGames' closing price Friday.

Aristocrat is a global leader in attention-getting slot machines. With its purchase of NeoGames, it's declaring its intent to compete in online lottery, casino and sports betting. As Jeffries gaming analyst David Katz wrote in a note Sunday night, "[NeoGames] and the digital gaming group in general, is undervalued by the US market at present levels." Still, he doesn't expect higher valuations in the near future.As the buzz over mergers and acquisitions dominates at gaming conferences, speculation has fallen on SportRadar, a global sports data provider, as a potential takeover target, as well as Gambling.

At the SBC Summit, a top sports gambling conference, last week CNBC asked RSI CEO Richard Schwartz whether he's entertaining offers. "We have an obligation to shareholders and to get the best return we can. And so we're always open to evaluate opportunities," he said, before highlighting the reasons why RSI would be attractive.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fanatics to buy PointsBet's U.S. sports-betting business for $150 millionFanatics Inc. will buy the U.S. operations of Australia's PointsBet for about $150 million, in the company's largest foray yet into sports betting.
Source: MarketWatch - 🏆 3. / 97 Read more »

Fanatics to acquire U.S. business of PointsBet as it aims to grow sports betting operatingThe deal between Fanatics and PointsBet is for about $150 million and gives Fanatics more markets to grow its sports betting footprint.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

Fanatics to acquire U.S. business of PointsBet as it aims to grow sports betting operationFanatics, the world’s largest sports apparel and collectibles company, has entered into an agreement to purchase the U.S. business of Australian-based PointsBet for $150 million, the companies announced Sunday night.
Source: PhillyInquirer - 🏆 81. / 68 Read more »

Fanatics to buy PointsBet's U.S. sports-betting business: reportFanatics will buy the U.S. operations of Australia's PointsBet, CNBC reported late Sunday, in the company's largest foray into sports betting.
Source: MarketWatch - 🏆 3. / 97 Read more »