OpenBet Finalizes Management Buyout, Accelerating Global Expansion

• The management buyout of OpenBet was finalized earlier this week on Monday.
• This business transaction coincides with OpenBet’s ongoing expansion, as it continues to empower gambling operators across various jurisdictions.
• OpenBet’s CEO, Jordan Levin, expressed his enthusiasm regarding the recent announcement.

OpenBet, a global leader in betting and gaming entertainment, has announced the successful completion of its sale by Endeavor Group Holdings, Inc. to OB Global Holdings.

This transaction, characterized as a management buyout, is supported by Ariel Emanuel and includes participation from OpenBet’s executives, including Jordan Levin.

OpenBet’s Expanding Global Footprint

The successful conclusion of this strategic management buyout aligns with OpenBet’s ongoing commitment to accelerating its growth across numerous international markets.

Renowned for its cutting-edge platform and modular solutions, OpenBet supports over 200 operators worldwide.

The company’s services and platform are distinguished by their security, reliability, and exceptional performance, making them adaptable to a variety of jurisdictions.

This landmark transaction coincides with OpenBet’s continued expansion in Brazil following a recent launch with BandBet.

To complement its growth, OpenBet has formed several partnerships in the region, collaborating with well-known and trusted operators.

OpenBet’s ongoing expansion in Brazil underscores its capability to provide scalable and compliant solutions that deliver engaging customer experiences in a market with significant growth potential.

In addition to its expansion in Brazil, OpenBet remains focused on its growth within the lottery sector.

The company extends its services to government-owned and sponsored entities offering sports betting and lottery services. More than 20 of OpenBet’s clients are members of the World Lottery Association (WLA).

CEO Levin on OpenBet’s Continued Growth

Jordan Levin, who will continue as OpenBet’s CEO following the management buyout, shared his thoughts on the development.

‘As we embark on this new chapter, OpenBet is better positioned than ever to drive market expansion and product innovation while shaping the future of betting and gaming entertainment,’ he stated.

Levin further added, ‘Our team is incredibly excited about OpenBet’s journey ahead, and we are confident in our business’s long-term growth prospects given our premium product offerings, exceptional talent, and existing market momentum.’

According to the recent announcement, Endeavor enlisted the legal expertise of Latham & Watkins LLP.

Conversely, The Raine Group and Oakvale Capital LLP served as financial advisors.