A high-ranking company in the gaming industry, Aristocrat, and Playtech have reached an agreement resulting in Aristocrat’s acquisition of the gaming powerhouse. The settled price is a substantial $9.35 per share, making the total transaction worth an impressive $2.9 billion. This action aligns with Aristocrat’s broader objective of leading the internet-based, real-currency gaming sector, a market projected to reach a staggering $11.2 billion by 2025.
By acquiring Playtech, Aristocrat gains access to Playtech’s notable collection of online gaming software and their established presence in the European market. This complements Aristocrat’s existing strengths in gaming content and their comprehension of the constantly evolving regulatory landscape.
Both organizations are enthusiastic about the deal. Aristocrat’s chief executive, Trevor Croker, views this as a significant opportunity, particularly with the North American market becoming more accessible. He is confident that this merger will position them as a frontrunner in the global online gaming industry. To finance this strategic move, Aristocrat will utilize a combination of resources, including raising $1.3 billion through a share offering.
This upscale firm, a member of a large conglomerate, is aggressively pursuing the acquisition of Playtech. They claim to have the support of Playtech’s board of directors, and even their largest investor, who holds a significant portion – nearly 20% of the company – is reportedly content with the arrangement. Naturally, Playtech has not yet issued an official statement on the matter.
