Aristocrat slots

Leading Australian slot machine manufacturer Aristocrat has announced its reaching of a deal to acquire iGaming technology and tools supplier Playtech for approximately £2.7 billion (€3.19 billion), on an enterprise value basis.

The deal will see Aristocrat acquire Playtech shares at a value of £6.80 (€8.05) each in cash, representing a premium of 58.4 per cent when compared to the 429.2 per cent per share closing price of Playtech on 15th October, the last trading day before the acquisition was announced.

Announcing its acquisition, Aristocrat explained this figure is also a premium of 66 per cent on the volume-weighted average closing price per Playtech share of 409.7 pence over the three-month period to 15th October.

The company believes its combination with Playtech will provide it with material scale in the “already large and growing” iGaming and online sports betting segment, representing an estimated total addressable market of approximately $70 billion (€60 billion) globally (based on 2020 figures).

It will also help deliver medium-term and earnings growth, particularly in the fast-growing North America online RMG segment, combining the company’s industry leading gaming content with its long-term customer and regulatory relationships.

Additionally, it is expected to allow the two company’s distribution, technology and content to meet a broader range of customer and player needs and deliver new and connected experiences, “unlocking additional value across Aristocrat’s portfolio and deepening customer engagement.”

The combined business will employ staff across 24 countries and territories, including seven content studios globally, and operate in 30 regulated jurisdictions with 170 global licensees.

The deal is expected to close during the second quarter of 2022, and Aristocrat chief executive Trevor Croker commented:

“The proposed combination would bring together Aristocrat’s world-class gaming content, customer and regulatory relationships with Playtech’s industry-leading global online RMG platform (B2B) and European B2C footprint.

“The combined group would offer a broad portfolio of end-to-end solutions for gaming customers around the world, as well as seamless player experiences, underpinned by a shared focus on responsible gameplay and innovation.”

Continue Reading

Unleash spooky team spirit with Outdoor Living’s Halloween teambuilding extravaganza

22 September 2023

Whether you prefer the thrill of in-person challenges or the convenience of virtual engagements, the Malta-based team building company has something spooky and spectacular to offer

Richard Brown officially steps down as CEO of Gaming Innovation Group

18 September 2023
by Helena Grech

He will help support the handover to Platform & Sportsbook CEO Richard Carter and provide ongoing support to the board of directors until the year end

iGP agrees iGaming Deck aggregation deal with ParlayBay

14 September 2023
by Helena Grech

The agreement will see a number of next-generation sports betting games made available to operators via iGaming Deck powered by iGP

Push Gaming enters the Greek market partnering with Kaizen Gaming

13 September 2023
by Helena Grech

The deal will see Kaizen Gaming’s players gain access to the studio’s latest hits

See more