Australia’s Aristocrat Leisure to purchase software program agency NeoGames for $1 billion

Australia’s Aristocrat Leisure on Monday mentioned it has entered a deal to amass Israel-based software program agency NeoGames S.A. for $1.zero billion because the playing machine maker seeks to increase its on-line presence.

Aristocrat Leisure mentioned it could pay a money value of $29.50 per share to the shareholders of NeoGames to purchase 100% of the Nasdaq-listed software program agency.

The takeover would give Aristocrat entry into the enticing iLottery market, “which is a extremely regulated … and may facilitate additional penetration throughout different on-line Actual-Cash Gaming (RMG) verticals,” the corporate mentioned.
NeoGames does content material and know-how options for the web RMG trade.

“We see nice alternatives within the mixture of our complementary companies, with clear income and progress potential that comes with a whole and seamless on-line RMG resolution,” mentioned Aristocrat CEO Trevor Croker.

NeoGames’ board has beneficial its shareholders vote in favour of the deal and holders of 61% of NeoGames shares have additionally executed a deal to vote in favour of the acquisition, Aristocrat mentioned

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