Gamesys

The Gamesys Group is an online software development and gambling business. It was listed on the London Stock Exchange until it was acquired by the U.S. casino operator, Bally's Corporation, in October 2021.

Gamesys Group

Company type	Public limited company
Traded as	LSE: GYS
Industry	Online gambling
Founded	2001; 24 years ago (2001)
Headquarters	London, United Kingdom
Key people	Neil Goulden (chairman) Lee Fenton ( CEO)
Revenue	£727.7 million (2020)[1]
Operating income	£93.4 million (2020)[1]
Net income	£67.2 million (2020)[1]
Website	www.gamesys.co.uk

History

The company was founded in by Andrew Dixon, Noel Hayden, Robin Tombs and a small team of software developers in 2001.^[2]

Gamesys acquired Virgin Games in January 2013.^[3] It then sold its Jackpotjoy brand to The Intertain Group, for a minimum of £425.8 million in February 2015.^[4]

In September 2019 JPJ Group carried out a reverse takeover of Gamesys and subsequently changed its name to Gamesys Group.^[5] (The acquirer, which was a Canadian online gaming operator established as The Intertain Group in 2014,^[6] had become known as Jackpotjoy in January 2017 and then as JPJ Group in June 2018).^[7]

In March 2021, the U.S. casino operator, Bally's Corporation, made an offer to acquire the company for US$2.7 billion.^[8] The transaction was completed on 1 October 2021.^[9]