ASX-listed gaming giant Aristocrat Leisure Limited will acquire Awager Ltd (Awager) – a leading provider in the regulated Live Slot Streaming segment – from funds managed by Oaktree Capital Management, L.P. for an undisclosed sum, the company has revealed.
The transaction remains subject to regulatory pre-approvals.
According to information contained in a news release, Awager offers gaming operators a new digital channel to engage and entertain players, delivering a genuine, real-time casino gameplay experience leveraging a portfolio of third-party content.
With innovative technology and exclusive distribution agreements with top iGaming platforms, Awager is already the clear market leader in the US. However, Aristocrat said there remains significant scope for growth with the benefit of premium Aristocrat content and distribution networks, post-acquisition.
The acquisition of Awager will bring new capabilities in line with the company’s strategy, Aristocrat explained.
Awager is headquartered in Israel, with around 75 employees based across Israel, Eastern Europe and the US.
The acquisition of Awager comes with Aristocrat having previously touted its M&A ambitions. The company was in 2022 engaged in a failed attempt to acquire UK-based platform provider Playtech plc as part of which it raised US$965 million via retail and institutional entitlement offers.
It also sold off its interest in mobile gaming business Plarium last year for US$620 million.
Aristocrat acquired B2B online supplier Roxor Gaming in early 2023.
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