At the time of writing, the deal has not been finalized yet. According to sources familiar with the situation, it is said to be in the post-legal stage. An official announcement is expected within the next few days.
It is believed that several other iGaming corporations like Scientific Games, have previously been interested in acquiring Push Gaming.
Push Gaming is licensed by the Malta Gaming Authority (MGA) and the UK Gambling Commission. The company has headquarters in London and Malta.
According to an insider close to the discussion, the deal will be done by LeoVegas, instead of its American parent company MGM.
LeoVegas has been pursuing such a strategy before. Back in 2021, the online casino giant bought the independent game studio Blue Guru Games through its LeoVentures investment arm.
Last year MGM purchased LeoVegas in a whopping $607 million transaction with the aim to enter other markets, including Europe.