A significant contender in the interactive entertainment sector is purchasing NeoGames for a substantial $1.2 billion.
Under the terms of the agreement, NeoGames investors will receive a cash payout of $29.50 for each share they hold.
Australia appears to have an insatiable appetite for gaming industry consolidations and takeovers. Closely following Fanatics’ purchase of PointsBet’s American business, Aristocrat has moved swiftly to acquire NeoGames. This all-cash transaction assigns a value of $1.2 billion to the multi-channel provider.
NeoGames itself is the result of multiple acquisitions, encompassing brands such as Pariplay, BtoBet, and Aspire Global within its portfolio. The company’s ascent in the sector, particularly noteworthy for its diverse offerings spanning iGaming, sports wagering, lottery, and player account administration, has evidently attracted the attention of one of gaming’s leading entities.
Intriguingly, Australia-based Aristocrat had previously attempted to acquire supplier Playtech in late 2021, but the deal collapsed in 2022. Unfazed, Aristocrat has now set its sights on NeoGames, despite the latter reporting a minor net deficit in its first-quarter report (although revenue expansion remained robust).
John E. Taylor, the head of NeoGames’ board of directors, conveyed his enthusiasm regarding the transaction, affirming that Aristocrat clearly acknowledges the worth NeoGames has established as a frontrunner in iLottery, iGaming, and online sports betting.
The head of NeoGames, Moti Malul, conveyed his satisfaction with the firm’s achievements, underscoring their dominance in iLottery, iGaming, and digital sports wagering. He enthusiastically embraced the purchase by Aristocrat, stressing the strategic alignment and the advantages it offers to both entities. Malul voiced certainty that this agreement will prove favorable for NeoGames’ investors, clientele, and personnel equally.