Gamesys

The Gamesys Group is an online software development and gaming business. It was listed on the London Stock Exchange until it was acquired by the U.S. casino operator, Bally's Corporation, in October 2021.

Gamesys Group
TypePublic limited company
LSE: GYS
IndustryOnline gaming
Founded2001 (2001)
HeadquartersLondon, United Kingdom
Key people
  • Neil Goulden (chairman)
  • Lee Fenton ( CEO)
RevenueIncrease £727.7 million (2020)[1]
Increase £93.4 million (2020)[1]
Increase £67.2 million (2020)[1]
Websitewww.gamesys.co.uk

History

The company was founded in by Andrew Dixon, Noel Hayden, Robin Tombs and a small team of software developers in 2001.[2]

Gamesys acquired Virgin Games in January 2013.[3] It then sold its Jackpotjoy brand to The Intertain Group, for a minimum of £425.8 million in February 2015.[4]

In September 2019 JPJ Group carried out a reverse takeover of Gamesys and subsequently changed its name to Gamesys Group.[5] (The acquirer, which was a Canadian online gaming operator established as The Intertain Group in 2014,[6] had become known as Jackpotjoy in January 2017 and then as JPJ Group in June 2018).[7]

In March 2021, the U.S. casino operator, Bally's Corporation, made an offer to acquire the company for US$2.7 billion.[8] The transaction was completed on 1 October 2021.[9]

Notes
  1. "Annual Results 2020" (PDF). Gamesys Group. Retrieved 9 March 2021.
  2. "Company profile". fasttrack.co.uk. Archived from the original on 2 March 2012.
  3. "Gamesys acquires Virgin Games to bolster real-money and social gambling games portfolio". The Next Web. 7 January 2013. Archived from the original on 16 October 2018. Retrieved 4 May 2013.
  4. "Intertain buys UK bingo Jackpotjoy business for US$650 mln". Proactive Investor. 5 February 2015. Retrieved 8 November 2021.
  5. "JPJ transitions to Gamesys Group plc". SBC News. 27 September 2019. Retrieved 6 March 2020.
  6. "The Intertain Group Limited: annual information for the year ended 31 December 2015" (PDF). The Intertain Group. p. 16. Retrieved 6 March 2020.
  7. "Jackpotjoy CEO in shock exit". Shares Magazine. 19 October 2017. Retrieved 8 November 2021.
  8. "Bally's Agrees to Buy Betting Firm Gamesys for $2.7 Billion". Bloomberg. 24 March 2021. Retrieved 25 September 2021.
  9. "Bally's Corporation completes Gamesys Group acquisition". SBC. 4 October 2021. Retrieved 8 November 2021.
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