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Push Gaming’s Sale with Foot Anstey LLP

Push Gaming's Sale with Foot Anstey LLP
by
November 28, 2023
in Companies & People, iGaming News
320

The corporate team at Foot Anstey LLP, a prominent national law firm, recently provided crucial counsel to the shareholders of Push Gaming Holding plc. Push Gaming, a global game development powerhouse founded by Winston Lee and James Marshall in 2010, has emerged as a key player in the industry, delivering top-tier gaming content to a global audience of over 200 operators. This article delves into the details of the majority sale of Push Gaming to the LeoVegas Group, a Swedish mobile gaming giant affiliated with the MGM Resorts International group.

The Genesis of Push Gaming:

Push Gaming, under the visionary leadership of Winston Lee and James Marshall, has continually pushed the boundaries of digital game development since its establishment in 2010. The company has earned a reputation for delivering high-quality gaming content that resonates with players worldwide. With a robust presence in over 200 global operators, Push Gaming has become synonymous with innovation and excellence in the gaming industry.

The Strategic Move:

The recent majority sale of Push Gaming to the LeoVegas Group marks a strategic maneuver for both entities. LeoVegas Group, a prominent player in the Swedish mobile gaming landscape and part of the prestigious MGM Resorts International group, has recognized the potential and value in Push Gaming’s portfolio. This acquisition positions Push Gaming for further growth and collaboration while maintaining its operational independence.

Key Players in the Deal:

The legal guidance provided by Foot Anstey LLP played a pivotal role in facilitating the majority sale of Push Gaming. Led by Adam McKenna, a partner at Foot Anstey LLP, the legal team demonstrated a pragmatic and responsive approach, navigating the complex legal challenges inherent in such transactions. Emma Clayton (senior associate), Beth Donnelly (associate), Ben Smith (solicitor), Anna Parker (partner), and Jos Style (senior associate) were integral contributors to the success of this deal.

Testimonial from Push Gaming Holding Limited:

James Marshall, Chief Executive Officer for Push Gaming Holding Limited, expressed his appreciation for the instrumental role played by Foot Anstey LLP. Marshall highlighted the team’s pragmatic and responsive approach, particularly in dealing with the commercial aspects of the transaction. He acknowledged that with the support of Foot Anstey LLP’s team of expert lawyers, Push Gaming successfully navigated the legal intricacies, ensuring the best possible outcome for the business.

Acknowledging the Milestone:

Adam McKenna, the lead partner from Foot Anstey LLP, emphasized that the sale of Push Gaming represents a significant milestone in the company’s growth journey. The collaborative efforts between Foot Anstey LLP and the shareholders of Push Gaming resulted in an outcome that satisfied all parties involved. McKenna expressed his team’s thrill at contributing to securing a successful outcome for Push Gaming.

Continuity of Leadership and Operations:

As part of the acquisition deal, Push Gaming co-founders Winston Lee and James Marshall will retain their roles as Chief Operating Officer and Chief Executive Officer, respectively. This strategic decision ensures continuity in leadership, providing stability and familiarity in the company’s top management. Push Gaming will continue to operate as an independent entity, upholding its commitment to delivering high-quality gaming experiences.

Global Presence and Workforce:

Push Gaming boasts a diverse workforce of over 100 employees, spread across multiple jurisdictions, including Malta, the United Kingdom, and Ukraine. This global presence positions Push Gaming as a truly international player in the gaming industry. The company’s management team and employees are dedicated to the ongoing development of high-quality games, utilizing the company’s platform and remote gaming server (RGS).

Connect with Foot Anstey LLP:

For those interested in exploring more about Foot Anstey LLP’s services and sector specialisms, detailed information can be found on their official website: Foot Anstey LLP. Additionally, inquiries can be directed to the firm via the contact page: Contact Foot Anstey LLP.

Conclusion:

The majority sale of Push Gaming to the LeoVegas Group, facilitated by Foot Anstey LLP, stands as a testament to the dynamic and evolving landscape of the gaming industry. This strategic acquisition sets the stage for enhanced collaboration and growth for both Push Gaming and LeoVegas Group. The legal expertise provided by Foot Anstey LLP played a crucial role in navigating the complexities of the transaction, ensuring a successful outcome.

FAQs:

What is Push Gaming known for in the gaming industry?
Push Gaming is renowned for being one of the industry’s leading developers of digital games, delivering high-quality gaming content to a global audience.

Who are the co-founders of Push Gaming, and what roles will they play after the acquisition?
Winston Lee and James Marshall are the co-founders of Push Gaming. Post-acquisition, Lee will serve as Chief Operating Officer, and Marshall will continue as Chief Executive Officer.

How many employees does Push Gaming have, and where are they based?
Push Gaming has a workforce of over 100 employees based in various jurisdictions, including Malta, the United Kingdom, and Ukraine.

What is the significance of the acquisition for LeoVegas Group?
The acquisition of Push Gaming by LeoVegas Group represents a strategic move, positioning both entities for further growth and collaboration in the gaming industry.

How did Foot Anstey LLP contribute to the majority sale of Push Gaming?
Foot Anstey LLP played a crucial role in providing legal guidance and navigating the complex aspects of the transaction, ensuring a successful outcome for Push Gaming.

Will Push Gaming continue to operate independently after the acquisition?
Yes, Push Gaming will maintain its operational independence, with co-founders Winston Lee and James Marshall retaining their leadership roles.

Where is LeoVegas Group based, and what is its connection to MGM Resorts International?
LeoVegas Group is a Swedish mobile gaming company and is affiliated with the MGM Resorts International group.

What jurisdictions does Push Gaming operate in?
Push Gaming operates globally, serving over 200 operators and having a presence in jurisdictions such as Malta, the United Kingdom, and Ukraine.

How can individuals get in touch with Foot Anstey LLP for legal inquiries?
Those interested in Foot Anstey LLP’s services can visit their official website or use the contact page for inquiries.

What does the future hold for Push Gaming post-acquisition?
Post-acquisition, Push Gaming is poised for continued growth and collaboration, maintaining its commitment to delivering high-quality gaming experiences.

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