Aristocrat Leisure complete acquisition of NeoGames

Aristocrat Leisure has announced that it has completed the acquisition of NeoGames in a deal estimated at roughly $1.20 billion. Aristocrat purchased Neo’s ordinary shares for $29.50 per share in an all-cash transaction which made the process straightforward after the customary regulatory approvals were granted to both companies. The deal was originally announced in May 2023 and has been concluded within the originally anticipated timeframe of 12 months.

With this move, Aristocrat Leisure Limited has significantly expanded its expertise in iLottery and iGaming solutions and has used the opportunity to launch a new division, Aristocrat Interactive. This new division is the result of a combination between the company’s existing Anaxi division and NeoGames.

The deal was also overwhelmingly supported by NeoGames shareholders, as per the transcripts of a shareholder meeting held by the company and cited by Aristocrat in its own submission to the Australian Securities Exchange (ASX).

Aristocrat noted that this opportunity significantly strengthened its position in the online RMG verticals worldwide, and it made good use of the company’s sustained "build and buy" strategy that involved individual purchases of valuable assets. In the submission to the ASX, Aristocrat similarly noted:

"The acquisition allows Aristocrat to leverage its world-class gaming content, customer relationships and expanding capabilities across an even broader range of channels and geographies, adding further to the Group’s resilience, and accelerating future growth."

NeoGames Chief Executive Officer Moti Malul has similarly welcomed the deal, arguing that it represented an exceptional value for not only the company’s shareholders, but also its customers and employees.

"We are very grateful to all our stakeholders who have supported us since our inception. I would also like to thank all our employees for their commitment to making Neo the great company it is today," Malul concluded.

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