Aristocrat to Complete NeoGames Acquisition This Week

Australia-based gaming provider Aristocrat is set to finalize its acquisition of NeoGames, a provider of iLottery and iGaming solutions, at the end of this month. The company's recent approvals for the purchase have quickly paved the way for the acquisition to be completed in just a matter of weeks, according to a filing by Aristocrat with the Australian Securities Exchange.

NeoGames on display when it went public on the NASDAQ stock exchange. (Source: Twitter)

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This strategic move, which the Nevada Gaming Control Board and the Nevada Gaming Commission recently approved, is expected to significantly enhance Aristocrat's offerings in the digital gaming domain. NeoGames, established as a technology-driven innovator, has carved a niche in the global lottery and gaming sectors.

The acquisition will allow it to offer comprehensive solutions that include proprietary technology platforms, game studios with a vast array of engaging games and a suite of value-added services. The deal, valued at approximately $1.2 billion, underscores Aristocrat's commitment to expanding its footprint in the rapidly growing online real money gaming (RMG) market.

NeoGames' expertise in iLottery and iGaming solutions has positioned it as a pivotal entity in the industry. Its portfolio currently includes end-to-end services that cater to regulated lotteries and gaming operators worldwide.

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Acquisition Greatly Expands Aristocrat's Capabilities

With a full-service suite that encompasses regulation and compliance, payment processing, risk management, player relationship management and player value optimization, NeoGames has been instrumental in maximizing revenue potential for its clients. The company's recent strategic acquisition of Aspire Global Group further bolsters its capabilities, enabling it to offer an even more comprehensive portfolio across iLottery, sports betting platforms, content aggregation solutions and B2B gaming tech and managed services.

The transaction, which represents a premium of approximately 104% over NeoGames' volume-weighted average stock price for the three months preceding the announcement, is a clear indicator of the confidence Aristocrat has in NeoGames' platform and assets. The merger is anticipated to be accretive to Aristocrat's earnings per share in the first full year of ownership, marking a significant milestone in Aristocrat's online RMG strategy and growth trajectory.

With the final shareholder meeting approaching "on or about" April 26, according to the filing, the completion of this transaction will mark the culmination of a series of steps designed to enhance the offerings and reach of both entities in the global iGaming and iLottery markets. As soon as that shareholder vote is registered, Aristocrat and NeoGames plan to finalize the agreement.


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