iGaming Industry
The mergers, acquisitions and people who built the modern online gambling industry, explained in plain language.
The founders and families behind the biggest names in online gambling, and how they actually built what they built. Browse all →
Ed Craven and Bijan Tehrani: From a RuneScape Casino to Stake.com
Ed Craven and Bijan Tehrani built Stake.com into a multi-billion-dollar crypto casino with no outside investors, and it is banned in dozens of countries.
Karel Komárek: From a Valve Loan to the UK National Lottery
Karel Komárek borrowed 300,000 crowns from his father in 1992 to sell valves. Today his company Allwyn runs the UK National Lottery. Here is the full story.
Steve Wynn and Encore: How Wynn Las Vegas Became a Luxury Powerhouse
Steve Wynn sold Mirage Resorts, bought the old Desert Inn, and spent almost 5 billion dollars building Wynn Las Vegas and Encore into the Strip's top luxury resort.
Denise Coates and Family: The Story Behind Bet365
Denise Coates mortgaged her family's betting shops to build Bet365 out of a portakabin. Here is how a £15 million bet became one of the biggest names in betting.
Lui Che Woo and Family: From Crushed Rock to Casino Empire
Lui Che Woo went from selling street food as a teenager to founding Galaxy Entertainment, one of Macau's biggest casino resort groups. Here is how, and who leads it now.
The billion-dollar deals that built the modern iGaming industry, who bought who, what they paid, and why it mattered. Browse all →
Paddy Power and Betfair: The £5 Billion Merger That Built Flutter
In September 2015, Paddy Power and Betfair agreed a £5 billion merger of equals. It became Paddy Power Betfair, then renamed itself Flutter Entertainment in 2019.
Amaya Gaming Buys PokerStars: The $4.9 Billion Deal, Explained
In 2014, a mid-sized company called Amaya Gaming borrowed heavily to buy PokerStars for $4.9 billion, cash. Here is why it worked, and what it became.
Evolution Gaming Acquires NetEnt: The $2.1 Billion Deal, Explained
In 2020, Evolution Gaming bought NetEnt for about $2.1 billion, putting live casino and online slots under one roof. Here is why, and what it built.
Flutter Entertainment Acquires The Stars Group: The $12.2B Merger
In 2019, Flutter Entertainment and The Stars Group agreed to merge in an all-share deal worth $12.2 billion, creating the world's largest online betting company.