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Bengtsson described the growth and early signs of success across the platform as “encouraging”.

“Growth continues to be driven by existing customers in slots and casino, although we are starting to broaden our offering through our sport business where recent momentum has been building.”

While Sun International did not disclose SunBet’s current share of the South African online market, the company in March said it had plans to double its market share.

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Merkur has agreed to pay an effective price of €6.19 per SFC share for the stake, representing a substantial premium over recent market valuations. 

The premium reflects both the control premium paid to the sellers and Merkur’s valuation for majority ownership.

As Merkur’s acquisition of Casigrangi would grant indirect control over SFC, French regulations require Merkur to launch a simplified mandatory tender offer for the remaining SFC shares it does not already hold. 

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News of The Chop comes directly on the heels of HBO’s announcement that it is developing a drama series set in the actual advantage play space.

Starring and executive-produced by Riley Keough (granddaughter of Elvis Presley), Advantage Player is adapted from Gina Fiore’s memoir detailing her 20-plus years as a high-stakes card counter and hole-carder.

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