Aristocrat Acquires NeoGames in a $1.2 Billion Deal

A significant contender in the interactive entertainment sector just acquired NeoGames for a substantial $1.2 billion.

The agreement, organized as a complete cash exchange, appraises the multi-channel provider at $29.50 per share.

Australia appears to have an insatiable appetite for gaming sector consolidations! Following closely on the Fanatics’ purchase of PointsBet’s American operations, Aristocrat has revealed its own strategic maneuver with the acquisition of NeoGames. The transaction values NeoGames at $1.2 billion, with a per-share cost of $29.50. Notably, NeoGames itself expanded through a series of acquisitions, bringing companies like Pariplay, BtoBet, and Aspire Global into its fold. Their ascent in the sector – likely fueled by their astute blend of iGaming, sports wagering, lottery, and player account management services – evidently attracted the attention of one of the industry titans.

This isn’t Aristocrat’s initial foray into the acquisition landscape. The Australian-based corporation made a bid for Playtech in late 2021, but the arrangement ultimately collapsed in 2022. Unfazed, Aristocrat has now targeted NeoGames, a firm that, despite posting a minor net deficit, boasts robust revenue expansion in its latest quarterly report.

John E. Taylor, Chairman of NeoGames, conveyed his excitement regarding the acquisition, remarking, “The NeoGames team has established an exceptional company with a robust foundation and specialized resources, and we are delighted that Aristocrat acknowledges the worth we’ve generated as a frontrunner across iLottery, iGaming, and online sports wagering.”

The head of NeoGames, Moti Malul, conveyed significant satisfaction with the firm’s accomplishments, underscoring their top spot in iLottery, online gaming, and digital sports wagering. He stressed the strategic alignment and common goals shared by NeoGames and Aristocrat, indicating a bright outlook for the unified organization. Malul feels this acquisition will be highly advantageous for NeoGames’ investors, clientele, and personnel.