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Aristocrat Bought the NeoGames Firm for $1.2 Billion

Aristocrat Bought the NeoGames Firm for $1.2 Billion

26/05/2023
The prominent developer Aristocrat has recently bought NeoGames for $29.50 per share and $1.2 billion in total. The Sydney-based manufacturer plans for significant real-money niche expansion.

Aristocrat acquires NeoGames

Details of the Deal

NeoGames is a web gambling, online sweepstakes and sportsbook products supplier from Israel founded in 2005. The company has produced its technological platform for iLotteries. Punters can play remotely from anywhere in the world. The supplier boasts 2 entertainment studios and a bookmaker site.

NeoGames decided to sign a final contract to be obtained by the Australian-based Aristocrat. The Tel-Aviv-based organisation will move its headquarters to the Cayman Islands.

This a profitable step for Aristocrat as it now can:

  • develop in the real money entertainment niche in Europe and the Americas;
  • provide gambling titles and technology solutions through Pariplay and BtoBet platforms;
  • significantly increase revenue by the year 2025;
  • enter the iLottery environment faster.

The acquisition is primarily a strategic advantage for both companies. They will now strengthen their leadership in such spheres as iLottery, internet gambling, and sports bidding.

For NeoGames, the offer from Aristocrat is a compelling value and will be beneficial for all shareholders and specialists of the Israeli supplier. The finishing cost outperforms the typical share price by 104% in 3 months.

You can get attractive Aristocrat gambling solutions with Gaminator. We also provide licensing and operational assistance with launching a wagering site. Contact our manager to get more information.

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Source:
Artur Zimnij
Author
Artur Zimnij
Gambling business specialist
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