Australian slot giant Aristocrat Leisure is to buy gaming software supplier Playtech for £2.1bn ($2.89bn), providing it with new growth areas including real money gaming.
Playtech has agreed to the deal with Aristocrat confirming Playtech’s board and its largest shareholder who owned about 21 per cent of the company, had backed its offer.
Aristocrat Chief Executive Officer CEO Trevor Croker said: “The business will be ideally positioned to unlock sustainable shareholder value by seizing opportunities in the fast-growing global online RMG segment as they continue to open up, particularly in North America.”
Playtech Chairman Brian Mattingley added: “In recent years, Playtech has successfully repositioned its world leading gambling technology and operations, expanding in strategically important regulated markets and driving major online B2B revenue growth. Whilst the business has made significant progress, most notably in the Americas, Aristocrat’s proposal provides an attractive opportunity for shareholders to accelerate Playtech’s longer-term value.”