Analysis of the key themes driving M&A activity reveals that sports betting accounted for 4 tourism & leisure deals announced in Q4 2023, worth a total value of $675.1m. The $674.7m acquisition of SKS365 Malta by Lottomatica Group was the industry’s largest disclosed deal. GlobalData’s Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes in 2023 report provides crucial insights into the M&A activity including the themes driving the top deals within the travel & tourism industry. Buy the report here.
In value terms, sports betting-related deal activity remained flat in Q4 2023 compared with the previous quarter and as compared to Q4 2022. Related deal volume remained flat in Q4 2023 versus the previous quarter and was 20% lower than in Q4 2022.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Clifford Chance; Freshfields Bruckhaus Deringer; Gilbert and Tobin with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Travel And Tourism Industry Mergers And Acquisitions Deals By Top Themes In 2023 – Thematic Intelligence, buy the report here.