Aristocrat to obtain NeoGames for $1.2 billion

Aristocrat Leisure Limited, a prominent worldwide gaming company, disclosed today its agreement to purchase NeoGames for a cash payment of $29.50 per share.

With an estimated total worth of around $1.2 billion, the acquisition is anticipated to conclude during the latter half of 2023.

NeoGames is a renowned leader in delivering comprehensive iGaming and iLottery solutions. Their cutting–edge platform is utilized by operators spanning across more than 50 countries, and the company boasts an impressive history of consistent growth.

Aristocrat is confident that the acquisition of NeoGames will expedite its growth strategy, positioning it as a dominant force in the online gaming market. The merged entity will boast a worldwide presence, a robust collection of products and services, and a profound comprehension of the regulatory environment. This strategic move is expected to reinforce Aristocrat’s position as a leading player in the industry.

This acquisition marks a pivotal moment for Aristocrat. NeoGames‘ prominent position in the online gaming market and its synergistic platform perfectly complement our existing operations. By acquiring NeoGames, we establish a solid foundation in the rapidly expanding segment of the gaming industry, propelling our growth trajectory.

commented Trevor Croker, CEO of Aristocrat.

Aristocrat foresees the acquisition of NeoGames as a value–enhancing endeavor, projecting an increase in its earnings per share during the first complete year of ownership. Additionally, the company anticipates substantial revenue synergies stemming from the deal, further fortifying its financial prospects.

Meir Shamir, CEO of NeoGames, expressed enthusiasm about the partnership, stating

We are thrilled to unite with Aristocrat. This collaboration presents an excellent opportunity for both organizations to expedite our growth and establish a preeminent global gaming enterprise.

The acquisition of NeoGames represents Aristocrat’s latest strategic maneuver to augment its online gaming enterprise. Building upon its previous acquisition of Anaxi in 2022, a prominent provider of online sports betting solutions, Aristocrat is actively investing in its own online gaming platform while also preparing to unveil a series of fresh games in the upcoming years.

This acquisition of NeoGames stands as a momentous leap for Aristocrat, serving as a catalyst for the company’s ambitions to establish itself as a dominant force in the online gaming market. By securing this deal, Aristocrat positions itself for sustained growth and fortifies its position for the foreseeable future.