Australian gaming company Aristocrat Leisure Limited have announced the completion of its $990m purchase of American gaming company Big Fish Games Inc from Churchill Downs Incorporated.
In an announcement filed with the Australian Stock Exchange, the company confirmed that all conditions of the $990m offer for the company, which was first submitted in November last year had been satisfied.
The deal makes Aristocrat the second largest social casino publisher in the world with revenues of Aus$641m during the third quarter of 2017.
Releasing a statement with the announcement, Aristocrat’s CEO and Managing Director, Trevor Croker, said: “the strategic and financial benefits of this acquisition are highly compelling. Big Fish will immediately provide scale across our entire Digital platform, and our social casino business will become the second largest social casino publisher globally.
“Big Fish’s digital-first social casino content and industry leading meta-game capability and applications are highly complementary to Aristocrat’s existing and industry-leading land based digital content business.
“We are excited to work with the Big Fish team to take advantage of the opportunities this combination will create for shareholders and all stakeholders.”