Gamesys
{{Short description|Online gambling company based in England}}
{{Use dmy dates|date=December 2013}}
{{Use British English|date=May 2015}}
{{Infobox company
| name = Gamesys Group
| logo = Gamesys3.png
| type = Public limited company
| traded_as = {{lse|GYS}}
| foundation = {{start date and age|df=yes|2001}}
| location = London, United Kingdom
| key_people = {{ubl
|Neil Goulden (chairman)
|Lee Fenton ( CEO)
}}
| industry = Online gambling
| products =
| revenue = {{increase}} £727.7 million (2020){{cite web|url=https://www.gamesysgroup.com/media/1751/gamesys-group-fy2020-results_final.pdf|title=Annual Results 2020|publisher=Gamesys Group|access-date=9 March 2021|archive-date=18 May 2021|archive-url=https://web.archive.org/web/20210518021043/https://www.gamesysgroup.com/media/1751/gamesys-group-fy2020-results_final.pdf|url-status=live}}
| operating_income = {{increase}} £93.4 million (2020)
| net_income = {{increase}} £67.2 million (2020)
| num_employees =
| parent =
| subsid =
| homepage = {{URL|http://www.gamesys.co.uk/}}
| footnotes =
}}
The Gamesys Group is an online software development and gambling 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.
History
The company was founded in by Andrew Dixon, Noel Hayden, Robin Tombs and a small team of software developers in 2001.{{cite web|url=http://www.fasttrack.co.uk/fasttrack/leagues/dbDetails.asp?siteID=3&compID=1858&yr=2006 |title=Company profile |work=fasttrack.co.uk |url-status=dead |archive-url=https://web.archive.org/web/20120302213614/http://www.fasttrack.co.uk/fasttrack/leagues/dbDetails.asp?siteID=3&compID=1858&yr=2006 |archive-date=2 March 2012 |df=dmy }}
Gamesys acquired Virgin Games in January 2013.{{cite web |url=https://thenextweb.com/insider/2013/01/07/gamesys-acquires-virgin-games-to-bolster-real-money-and-social-gambling-games-portfolio/ |title=Gamesys acquires Virgin Games to bolster real-money and social gambling games portfolio |publisher=The Next Web |access-date=2013-05-04 |date=7 January 2013 |archive-url=https://web.archive.org/web/20181016165334/https://thenextweb.com/insider/2013/01/07/gamesys-acquires-virgin-games-to-bolster-real-money-and-social-gambling-games-portfolio/ |archive-date=16 October 2018 |url-status=live }} It then sold its Jackpotjoy brand to The Intertain Group, for a minimum of £425.8 million in February 2015.{{cite news|url=https://www.proactiveinvestors.co.uk/companies/news/105382/intertain-buys-uk-bingo-jackpotjoy-business-for-us650-mln-59702.html|title=Intertain buys UK bingo Jackpotjoy business for US$650 mln|publisher=Proactive Investor|date=5 February 2015|access-date=8 November 2021|archive-date=2 November 2022|archive-url=https://web.archive.org/web/20221102100727/https://www.proactiveinvestors.co.uk/companies/news/105382/intertain-buys-uk-bingo-jackpotjoy-business-for-us650-mln-59702.html|url-status=live}}
In September 2019 JPJ Group carried out a reverse takeover of Gamesys and subsequently changed its name to Gamesys Group.{{cite web|url=https://sbcnews.co.uk/europe/2019/09/27/jpj-transitions-to-gamesys-group-plc/|title=JPJ transitions to Gamesys Group plc|date=27 September 2019|publisher=SBC News|access-date=6 March 2020|archive-date=12 August 2020|archive-url=https://web.archive.org/web/20200812034141/https://www.sbcnews.co.uk/europe/2019/09/27/jpj-transitions-to-gamesys-group-plc/|url-status=live}} (The acquirer, which was a Canadian online gaming operator established as The Intertain Group in 2014,{{cite web|url=http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=152236|publisher=The Intertain Group|page=16|title=The Intertain Group Limited: annual information for the year ended 31 December 2015|access-date=6 March 2020|archive-date=8 November 2021|archive-url=https://web.archive.org/web/20211108223757/http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=152236|url-status=live}} had become known as Jackpotjoy in January 2017 and then as JPJ Group in June 2018).{{cite web|url=https://www.sharesmagazine.co.uk/article/jackpotjoy-ceo-in-shock-exit|title=Jackpotjoy CEO in shock exit|date=19 October 2017|newspaper=Shares Magazine|access-date=8 November 2021|archive-date=24 February 2024|archive-url=https://archive.today/20240224124458/https://www.sharesmagazine.co.uk/article/jackpotjoy-ceo-in-shock-exit|url-status=live}}
In March 2021, the U.S. casino operator, Bally's Corporation, made an offer to acquire the company for US$2.7 billion.{{cite news|url=https://www.bloomberg.com/news/articles/2021-03-24/bally-s-agrees-to-buy-gaming-platform-gamesys-for-2-7-billion|title=Bally’s Agrees to Buy Betting Firm Gamesys for $2.7 Billion|date=24 March 2021|newspaper=Bloomberg|access-date=25 September 2021|archive-date=25 September 2021|archive-url=https://web.archive.org/web/20210925144026/https://www.bloomberg.com/news/articles/2021-03-24/bally-s-agrees-to-buy-gaming-platform-gamesys-for-2-7-billion|url-status=live}} The transaction was completed on 1 October 2021.{{cite news|url=https://sbcamericas.com/2021/10/04/ballys-corporation-completes-gamesys-group-acquisition/|title=Bally’s Corporation completes Gamesys Group acquisition|date=4 October 2021|publisher=SBC|access-date=8 November 2021|archive-date=8 November 2021|archive-url=https://web.archive.org/web/20211108235400/https://sbcamericas.com/2021/10/04/ballys-corporation-completes-gamesys-group-acquisition/|url-status=live}}
Notes
{{reflist}}
External links
- [http://www.gamesyscorporate.com/ Official site]