Published
Mergers & Acquisitions

Aristocrat agrees terms to acquire Playtech

The boards of Aristocrat and Playtech have agreed on terms of a recommended cash acquisition, with Aristocrat set to purchase Playtech. 

Playtech

Playtech shareholders will each be due £6.80 per share ($9.35) under the terms of the acquisition. The deal would thereby value Playtech's shares at approximately £2.1bn/$2.9bn on a fully diluted basis.

During the investor presentation, Aristocrat noted that GGR from online RMG should reach $80bn in 2021 and $112bn by 2025, and the acquisition of Playtech would accelerate the company’s growth strategy.

“The proposed combination would bring together Aristocrat’s world-class gaming content and customer and regulatory relationships with Playtech’s industry-leading global online RMG platform (B2B) and European B2C footprint,” said Aristocrat CEO Trevor Croker.

“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.

“The proposed acquisition continues Aristocrat’s approach of investing in medium to long-term growth and we are extremely excited by the opportunities that this will bring for our shareholders, people, customers, and players.”

To help with the acquisition, Aristocrat plans to raise AU$1.3bn, with investors able to buy new shares at a price of AU$41.95 per share. Aristocrat added that Playtech’s board and its largest shareholder with close to 21% stake support the proposed acquisition, but currently, there is no official confirmation from Playtech regarding the deal.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...