Gaming behemoth, Aristocrat Leisure, has announced its intention to purchase NeoGames in a deal worth a staggering $1.2 billion. This strategic maneuver follows a wave of consolidations and buyouts within the Australian gaming industry, notably Fanatics’ recent acquisition of PointsBet’s American operations.
The agreement assigns a value of $29.50 per share to NeoGames, a company built through a series of acquisitions and boasting a diverse brand portfolio that includes Pariplay, BtoBet, and Aspire Global. Their swift rise in the sector, particularly in iGaming, sports wagering, lottery, and player management solutions, did not escape attention.
Australian-based Aristocrat Leisure is no stranger to acquisitions, having attempted a takeover of Playtech in 2021, a bid that ultimately dissolved in 2022. Their focus now shifts to NeoGames, a company that, despite reporting a minor net loss in their initial quarterly statement, has demonstrated remarkable revenue expansion.
NeoGames Chairman, John E. Taylor, conveyed his enthusiasm for the acquisition, emphasizing the value NeoGames has generated as a frontrunner in the iLottery, iGaming, and online sports betting sectors.
The head of NeoGames, Moti Malul, conveyed significant satisfaction in the firm’s achievements, underscoring their status as a frontrunner in the iLottery, iGaming, and digital sports wagering sectors. He stressed the collaborative nature of their success.
Malul enthusiastically embraced the acquisition by Aristocrat, acknowledging their recognition of NeoGames’ accomplishments and the tactical advantage of combining their synergistic operations. He voiced assurance that this agreement would be mutually advantageous for all parties concerned, encompassing investors, clientele, and personnel.
minaru-chan-test