Aristocrat Leisure Limited recently released an announcement disclosing details of a $1.2 billion transaction, as well as their plans to implement new technology in their existing products.
The real-money gaming offered by NeoGames presents tremendous potential and further enhances Aristocrat’s competitiveness in multiple jurisdictions. As a global supplier, Aristocrat demonstrated excellent financial performance in 2022, providing them with sufficient resources for additional strategic acquisitions.
The $1.2 billion acquisition does not come as a surprise to industry experts. In January of this year, Fitch Ratings assigned Aristocrat Leisure a credit rating of A and stated that the company was prepared for new mergers and acquisitions in the following 12 months.
With their strong financial position and continued investment in technology, products, and innovation, Aristocrat was able to smoothly acquire NeoGames.
While specific details of the transaction are not yet clear, Aristocrat has stated that the acquisition will be completed through ASX filings. The company will fully acquire NeoGames for $29.50 per share in cash, totaling $1.2 billion.
Trevor Croker, Managing Director and CEO of Aristocrat, emphasized that this transaction aligns perfectly with the company’s strategic plans and creates long-term value for shareholders.
By acquiring NeoGames, Aristocrat strengthens its market share and business presence globally. This acquisition particularly solidifies Aristocrat’s position in the US market and expands its influence in Europe and other important markets. Additionally, Aristocrat will gain access to NeoGames’ advanced proprietary technology, which will aid in the supplier’s transformation into the digital domain.
NeoGames is a rapidly growing company with a proven track record in the fields of electronic gaming and online sports betting. Aristocrat has shown strong interest in NeoGames’ leading RMG solutions and aims to integrate these solutions with their existing products. Through collaborative synergy between the companies, long-term costs can be reduced, and overall scalability can be enhanced.
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Aristocrat is a leading global gaming and gambling technology company based in Australia. Since its establishment in 1953, Aristocrat has been committed to innovation and the development of high-quality gaming products, providing diverse solutions to the global gambling and entertainment industry.
Aristocrat is known for its outstanding game design and creativity. The company develops and supplies a wide range of gaming devices, electronic games, and gambling systems, including slot machines, poker machines, and electronic lottery terminals. Aristocrat’s games are highly regarded for their captivating themes, innovative features, and impressive graphics.
In addition to gaming devices, Aristocrat offers comprehensive services, including game content development, technical support, and operational solutions. The company collaborates with casinos, clubs, and online gaming operators worldwide, providing them with customized solutions to meet the needs of different markets.
NeoGames is a leading online lottery and instant win game supplier. Established in 2005 and headquartered in Israel, the company offers innovative digital lottery solutions and game content worldwide.
NeoGames provides comprehensive solutions to partners, including digital lottery platforms, game content development, and management tools. Its platform offers various types of lottery games, such as traditional lotteries, instant win games, and digital scratch cards. Additionally, NeoGames offers customized game content to meet the needs of different markets and users.
As an innovative technology company, NeoGames prioritizes security and reliability. It collaborates with lottery regulatory bodies worldwide to ensure compliance and fairness. Through advanced technology and efficient operations, the company delivers exceptional digital lottery and instant win game experiences to its partners and players.