SYDNEY, AUSTRALIA: Aristocrat Leisure Limited (ASX: ALL), a global gaming company, announced today that it has agreed to acquire NeoGames S.A. (NASDAQ: NGMS) for $29.50 per share in cash. The deal, which is valued at approximately $1.2 billion, is expected to close in the second half of 2023.
NeoGames is a leading provider of end-to-end iGaming and iLottery solutions. The company’s platform is used by operators in over 50 countries, and it has a proven track record of growth.
Aristocrat believes that the acquisition of NeoGames will accelerate its growth strategy and help it to become a leading player in the online gaming market. The combined company will have a global reach, a strong portfolio of products and services, and a deep understanding of the regulatory landscape.
“This is atransformational acquisition for Aristocrat,” said Trevor Croker, CEO of Aristocrat. “NeoGames is a leading player in the online gaming market, and its platform is highly complementary to our existing business. This acquisition will give us a strong foothold in the fastest-growing segment of the gaming industry.”
The acquisition of NeoGames is expected to be accretive to Aristocrat’s earnings per share in the first full year of ownership. The company also expects the deal to generate significant revenue synergies.
“We are excited to join forces with Aristocrat,” said Meir Shamir, CEO of NeoGames. “This is a great opportunity for both companies to accelerate our growth and create a leading global gaming company.”
The acquisition of NeoGames is the latest in a series of moves by Aristocrat to expand its online gaming business. In 2022, the company acquired Anaxi, a leading provider of online sports betting solutions. Aristocrat is also investing in its own online gaming platform, and it plans to launch a number of new games in the coming years.
The acquisition of NeoGames is a significant step forward for Aristocrat. The deal will help the company to become a leading player in the online gaming market, and it will position Aristocrat for continued growth in the years to come.
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