Aristocrat Leisure Limited announced early Friday morning that it has completed the acquisition of Luxemburg-based gaming platform provider NeoGames S.A. after satisfying all conditions and requirements for closing.
In an ASX filing, Aristocrat revealed the acquisition was “overwhelmingly supported” by NeoGames shareholders at a shareholder meeting, allowing for the company to expand its Real Money Gaming offering.
According to Aristocrat, the successful acquisition “materially advances Aristocrat’s ‘build and buy’ strategy, positioning the Group to compete in attractive online RMG verticals globally.”
It added, “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.”
Aristocrat also revealed that it will now combine its existing Anaxi segment with NeoGames to form a new integrated global business operating under the name Aristocrat Interactive.
Moti Malul, CEO of NeoGames, has been appointed CEO of Aristocrat Interactive and will join Aristocrat’s executive leadership team, reporting to Aristocrat CEO Trevor Croker.
“We’re thrilled to welcome NeoGames to Aristocrat,” said Croker.
“The acquisition of NeoGames and its leading global online RMG platform adds to our increasing organic capabilities and will ensure that we deliver on our strategy by providing a portfolio of end- to-end solutions for iGaming, iLottery and OSB operators globally.
“With our ambition to be the leading gaming platform for the regulated online RMG industry, the addition of NeoGames to our team advances our strategy to build global scale and capability.”
