【borgata online casino login】-OpenBet completes management buyout
location：Willbet APP Real Money Gambling Emirates Casinos > willbet Casino free Spins > 【borgata online casino login】-OpenBet completes management buyout
-
Updates
25 februari – Nytt sporterbjudande New Jersey Sees Strong Gambling Revenues to Start 2025 Evolution Gaming License Under Investigation EDGE Markets launches gambling debit card after funding rounds Ethereum Won't Survive, Cardano Founder Predicts Best March Madness Betting Promos for March 26 OpenBet completes management buyout Q4 2024: iGaming growth drives Gambling.com to record results Bättre vinster och högre maxvinst Robinhood hit with subpoena in Massachusetts over betting markets GamCare’s Helpline Supports Over 55,000 Contacts as Demand Rises by 25% Brazil beefs Månadens bonusar och vart man hämtar dem bet365 Bonus Code for March Madness 2025: Bet $5 Get $150 in Bonus Bets BETBY Will Introduce a New AI
-
Tags
# willbet online casino NC # willbet Casino # willbet Betting apps with free money # willbet Casino North Carolina # willbet Sportsbook # willbet Casino North Carolina # willbet.com.gh login # willbet Soccer # My willbet Rewards sign in # Palms Bet
-
Catalogs
willbet Casino no deposit bonus willbetsugar rush dice willbetcash crew 2 willbet login app willbet app login willbet login Download willbet app for android willbet sportsbook login WillBet mobile site willbet app
OpenBet announced today (24 March) that it has completed its previously announced management buyout from Endeavor Group Holdings.
The $450m buyout, backed by Endeavor CEO Ariel Emanuel and involving multiple OpenBet executives, including Jordan Levin, who will stay on as CEO, saw a new entity called OB Global Holdings purchase the sports betting suppliers’ assets.
The deal was first announced in November 2024 and was done in part to facilitate Endeavor’s own take-private via PE firm Silver Lake, expected to close in Q1 2025.
Levin said: “As this new chapter begins, OpenBet is better positioned than ever to drive market expansion and product innovation while defining the future of betting and gaming entertainment.
“Our group is extremely excited about OpenBet’s path forward, and we are confident in our business’ long-term growth profile considering our premium product offering, exceptional talent, and existing momentum in the marketplace.”
OpenBet was originally sold by Light & Wonder to Endeavor in a 2022 cash and stock deal for $800m.
OpenBet to manage IMG Arena until Sportradar sale
In a separate $225m deal announced last week, Endeavor reached an agreement to sell IMG Arena to Sportradar.
This involved a $100m payment to Sportradar, combined with an additional $125m payment to sports rights holders.
The sports data rights business, which had been folded internally within OpenBet at Endeavor, had originally been floated to be sold to management as part of the buyout.
OB Global will own and continue to manage the IMG Arena business until the close of the Sportradar transaction, which is subject to regulatory approval and expected to close in Q4 2025.
Regarding the Sportradar sale, analysts at Regulus Partners highlighted the 5-10% market share gained by IMG Arena was “not enough to gain pricing power, but it was enough to spend a lot of money on rights”.
They said: “IMG Arena’s owner Endeavor even tried bundling through betting services by buying Openbet for US$800m in 2022 (an absurdly inflated price, in our view), only to sell it and IMG Arena to Openbet’s management for US$450m in 2024.
“The latest deal means that Endeavor is paying Sportradar to take on the cost of rights (and probably redundancies) rather than recognising any value in what was created.”