GVC Confirms Cozy Games Acquisition
Online gambling group GVC Holdings has confirmed the acquisition of online bingo operator Cozy Games for an undisclosed amount. Cozy games has over 120 online bingo and casino sites and own brands like Best Bingo and Live Bingo. Attention to the acquisition was first raised when the listing of the UKGC licensee listings were shown to have changed ownership to ElectraWorks Limited which is a part of the GVC group.
The terms of the deal were not disclosed but head of media relations for GVC was quoted as saying the acquisition will complement their existing B2B and B2C offering.
Cozy games is licenced in the UK and Malta and specializes in the development and delivery of many games including scratch cards, bingo, classic and video slots.
GVC are looking to strengthen their offering after abandoning their lucrative Turkish market operations. Industry insiders believe that this is ahead of the possible merger with Ladbroke Coral which is seen as imminent. Another huge name thrown in the M&A mix is Canada’s Amaya gaming , the parent company of PokerStars who might also be a potential suitor for GVC.