Aristocrat Leisure has provided to purchase NeoGames in a deal price US$1.2bn. [Image: Shutterstock.com]
Aristocrat Leisure is shopping for the web gaming options supplier NeoGames for about US$1.2bn in money. The announcement by the Australia-based Aristocrat led to NeoGame’s US shares leaping 120% in pre-market buying and selling.
The main slot machine producer offered US$29.50 per share for the whole lot of NeoGames’ shares, a premium of about 130% from the goal’s closing value on Friday. The hope is that the acquisition will likely be accomplished inside a 12 months, as soon as it receives the mandatory regulatory approvals.
entry to the profitable iLottery market
This acquisition will present Aristocrat entry to the profitable iLottery market and assist it penetrate different actual cash gaming (RMG) on-line verticals. The corporate has been eyeing RMG development for a while. Aristocrat unsuccessfully tried to purchase playing software program and video games developer Playtech final 12 months for US$3.7bn.
NeoGames offers expertise options and content material for the web RMG sector. The Israel-based NeoGames’ board of administrators really useful that shareholders settle for the supply. Aristocrat believes that the acquisition will start including to its revenue within the 2025 monetary 12 months.