Management buyout of OpenBet from Endeavor successfully finalized
The Big Takeover of OpenBet
OpenBet, the globe's numero uno in betting and gaming entertainment, has officially wrapped up its sale from Endeavor Group Holdings, Inc. to OB Global Holdings. This major transaction, known as a management buyout, is backed by Ariel Emanuel and includes active participation of OpenBet executives, including CEO Jordan Levin.
Expansion Everywhere
The successful implementation of this strategic maneuver comes at a time when OpenBet is strongly committed to extending its reach in various markets around the world. Recognized for offering top-notch, cutting-edge solutions, the company powers more than 200 operators in diverse markets globally.
OpenBet's services and platform stand out for their robust security, reliable performance, and compatibility with different jurisdictions. Recently, OpenBet has been making waves in Brazil after collaborating with BandBet. The company has also formed strategic partnerships with reputable regional operators, reinforcing its presence in the region.
OpenBet's resilient growth in Brazil demonstrates its ability to deliver versatile and compliant solutions that guarantee an engaging user experience in a market brimming with opportunity. In addition to Brazil, OpenBet is set on expanding into the lottery sector.
The company provides services to government-owned and sponsored companies offering sports betting and lottery services. Over 20 of OpenBet's clients are members of the World Lottery Association (WLA).
Jordan Levin Shares His Vision
Jordan Levin, who will continue serving as OpenBet’s CEO despite the management buyout, spoke on the development. "As this new phase starts, OpenBet is more prepared than ever to catalyze market expansion and drive product innovation, thereby paving the way for the future of betting and gaming entertainment," he declared.
Levin further expressed his group's enthusiasm about OpenBet's future trajectory and revealed their confidence in OpenBet's long-term growth potential considering its premium product offerings, exceptional talents, and market momentum.
Sources disclosed that Endeavor sought the legal expertise of Latham & Watkins LLP for the transaction. On the other hand, The Raine Group and Oakvale Capital LLP served as financial advisors.
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While specific strategies for Brazil and the lottery sector aren't explicitly shared in available reports, OpenBet's infrastructure and fresh financial backing position it to engage competitively in these high-growth segments.
Enrichment Data:The management buyout of OpenBet involved a $450 million transaction finalized in March 2025. The new ownership retains OpenBet’s existing leadership team, including CEO Jordan Levin. Key ownership and operational highlights:
| Aspect | Detail ||-------------------|---------------------------------------------------------------------------------------|| Ownership | Ariel Emanuel-backed consortium, including OpenBet executives || Leadership | CEO Jordan Levin and existing team retained || Recent Moves | IMG Arena’s sports betting assets sold to SportRadar for up to $225 million pre-buyout || Market Focus | Likely prioritization of tech-driven growth and emerging markets (inferred) |
- The acquisition of OpenBet, a global leader in betting and gaming entertainment, by OB Global Holdings, is strategically set to enhance OpenBet's reach in various markets worldwide.
- OpenBet's CEO, Jordan Levin, expressed excitement about OpenBet's future trajectory, stating that the company is prepared to drive market expansion and product innovation.
- The successful management buyout involved a $450 million transaction, and the new ownership, backed by Ariel Emanuel, retains OpenBet’s existing leadership team, including CEO Jordan Levin.
- With its robust infrastructure and fresh financial backing, OpenBet is well-positioned to engage competitively in high-growth segments such as Brazil and the lottery sector.
