The company, which is primarily known for its gambling sites Jackpotjoy and Monopoly Casino, has hit the jackpot with a £2bn takeover agreement. Things really started going for them when the pandemic struck.
Many people were bored during the lockdown and wanted to spice things up a bit with some online gambling. Their revenues started exploding in March last year, and they haven’t stopped since then. They made good use of the pandemic as the share price increased by a whopping 187 percent.
Company’s beginning
Noel Hayden, Andrew Dixon, Robin Tombs, and a software development team founded the company in 2001, and it was only a private firm until their Jackpotjoy takeover in 2019.
This deal made Gamesys a larger company, and their founders got an increase in stakes to a couple hundred million pounds. Someone very close to Hayden mentioned: ‘He’s flown under the radar, but he’s very impressive and knows exactly what he’s doing. Today’s deal has made some people very rich indeed.’
The New Deal
The new £2bn takeover deal will make some people very rich, just as the source stated. The company’s bosses’ stakes will hit the £500m mark as they took advantage of the lockdown.
Some industries suffered during the pandemic, but online casinos are all trying to make the most out of this situation. If Gamesys continues at this rate, we’re going to see a £5bn deal sooner than expected.
