Playtech sold to Aristocrat in a 3.7-billion-dollar agreement

Playtech sold to Aristocrat in a 3.7-billion-dollar agreement

Posted by: AffPapa

The leading international gambling software development company – Playtech plc, has been acquired by Australian gambling machine manufacturer – Aristocrat Leisure ltd.

The huge 3.7-billion-dollar purchase will see the Australian gambling machine manufacturer obtain the British iGaming software development firm’s assets, after the latter’s shares had risen in around 57% last Monday, jumping to 675 pence.

Aristocrat Leisure is planning to raise around 1.3 billion selling shares in order to afford the purchase. The stock is selling at an 8.6% discount to last Friday’s closing price.

This transaction between Playtech and Aristocrat is going to result in the creation of the biggest iGaming B2B platform providers ever, adding an immense value to the Sydney-based gambling manufacturer, with an estimated global 70-billion-dollar last year, according to Aristocrat.

Trevor Croker – Aristocrat Leisure’s CEO, welcomed the integration deal with Playtech and explained:

“The combination of these firms is going to create one of the largest iGaming offerings in the world, combined with smooth customer experiences, while focusing on innovation and prioritizing responsible and ethical wagering practices.”

Aristocrat Leisure Ltd is also expecting Playtec Plc’s Italian multi-channel iGaming operator –Snaitech, to launch in new EU markets simultaneously with its business in the US that is continuing to grow, according to the company.

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