Playtech acquires Aristocrat Lotteries
Playtech, the international designer, developer and licensor of
software and services for the online, mobile, TV and land-based gaming
industry, has entered into an agreement with global content and systems
provider Aristocrat Leisure Limited to acquire Aristocrat Lotteries for
€10.5 million in cash, subject to certain adjustments and satisfaction
of closing conditions. It is anticipated that closing will occur
Aristocrat Lotteries is a leading supplier of server-based-gaming and
online client server solutions for interactive video terminals in both
Norway and Italy. Its TruServ™ platform is well-established and
accredited for the Italian market.
Once complete, the acquisition will position Playtech’s land-based
operation as one of the leading suppliers of VLT systems in Europe and
Latin America, further extending its reach and diversification across
key regulated markets. The deal will also enable Playtech’s land-based
division to replicate its success in the UK with its Videobet solution,
increase market share within the wider global VLT market and create
cross-selling opportunities in existing as well as new jurisdictions.
Aristocrat Lotteries is based in Stockholm and is the exclusive
server-based gaming provider for Norwegian lottery Norsk Tipping’s VLTs
and supplies its system to a major operator in Italy – a key
jurisdiction for Playtech. The company has also recently completed a
successful pilot project in another well-established regulated European
country which, if commercialised, is expected to deliver further revenue
Shay Segev, COO and Head of Retail, Playtech, said: “We’re delighted to
be acquiring Aristocrat Lotteries, furthering a key element of
Playtech’s retail strategy.
“Playtech’s multi-channel solution means that this content can be
deployed across any location and delivered through any device as well as
allowing operators to cross-sell their customers into digital channels.
“This is an excellent deal and further strengthens our leading position
to retail operators in key regulated markets, while also creating new
opportunities to expand in those territories as well as others.
“The Aristocrat Lotteries business is led by a first-class management
team and has an excellent team of developers. We look forward to working
closely with them in the future in order to build and further the
results they have already achieved,” Segev added.