What’s hot & new

Weird habits of celebrities and historical icons

3 hours ago

Modern casino games: Where gambling and video games meet

1 day ago

"Roobet casino has a new modern design and user interface."

2 days ago

"Gamegram casino has two brand new Welcome Offers on first deposit."

3 days ago

New game added! See the review of Lucky Dragon MultiDice X here

3 days ago

New game added! See the review of DJ Cat here

3 days ago

Stake Casino’s exclusive Pragmatic Play dice selection

3 days ago

"Duelbits Casino now has 4000+ online casino games."

4 days ago

Innovation in crypto wallets and other popular payment methods

6 days ago

New game added! See the review of Tropicool 3 here

8 days ago

Discover loads of curious Gambling Guides!

What’s hot & new

Weird habits of celebrities and historical icons

3 hours ago

Modern casino games: Where gambling and video games meet

1 day ago

"Roobet casino has a new modern design and user interface."

2 days ago

"Gamegram casino has two brand new Welcome Offers on first deposit."

3 days ago

New game added! See the review of Lucky Dragon MultiDice X here

3 days ago

New game added! See the review of DJ Cat here

3 days ago

Stake Casino’s exclusive Pragmatic Play dice selection

3 days ago

"Duelbits Casino now has 4000+ online casino games."

4 days ago

Innovation in crypto wallets and other popular payment methods

6 days ago

New game added! See the review of Tropicool 3 here

8 days ago

loader search icon
Popular pages
Our top casino picks for United States of America 🏆
Let’s Lucky Casino logo
Hiperwin Casino logo
Wazamba Casino logo
Lucky 31 Casino logo
LV BET Casino logo
Lucky Dreams Casino logo

    Aristocrat set to acquire Playtech for £2.7 billion

    • author icon by Stelly in Industry
    • calendar icon October 26, 2021 | Last updated: November 29, 2021
    • calendar icon 5 min read
    news thumbnail image

    Aristocrat plans to acquire Playtech, expand the online offering and build the largest B2B gaming platform in the world.

    The interest in Playtech is rising and there are now other companies looking for an acquisition! Gopher Investments, working with the famous Rothschild, is planning a £3bn takeover of the Playtech company. CasinoWow will continue to follow the turn of events!

    Later that month, Aristocrat recorded even a bigger yearly revenue increase! It was A$4.74bn (£2.54bn/€3.02bn/$3.43bn) for the fiscal year - this represents a 14.4% year-on-year rise!

    The gambling industry is growing, and the online industry is taking centre stage. Aristocrat is a leading gaming company that focused more on land-based gambling ventures up to recently.

    However, as the industry changes, so have Aristocrat’s priorities. With their plans to acquire Playtech for £2.7 billion, there is more possibility for expansion in their online venture.

    An acquisition for future growth

    With this new cash acquisition of Playtech by Aristocrat, shareholders will receive 680p per share. This values the business at £2.1 billion fully diluted and at £2.7 billion on an enterprise value basis. This price represents a 58.4% premium to the 429.2p per share closing price of Playtech shares as per closing price rates on 15 October.

    The combination of these two leading industry names will ensure the creation of one of the largest B2B gaming platforms in the world. Bringing the people, the infrastructure, and the expertise to scale even further. This gives the companies the chance to truly provide customers with the best gaming and sports betting experience online.

    There is no doubt that Playtech has already made a lot of progress in terms of delivery on its strategy in America specifically. With this acquisition, it will get the opportunity to do so even more widely. The company will take the time to further scale and maximize its opportunities.

    The Aristocrat proposal gives shareholders the opportunity to secure faster delivery for Playtech's long-term value at a much more attractive price.

    A new online betting powerhouse

    With the combination of Aristocrat and Playtech, the business will gain 'material scale' in both the iGaming and online sports betting segments. Ensuring the delivery of medium-term revenue and earnings growth more particularly in the North American iGaming market.

    Combining the assets through this deal will allow both Aristocrat's and Playtech's distribution, technology, and content to meet a broader range of customer and player needs. With Playtech's Snaitech business providing a B2C presence in a few European markets.

    It will not just be an acquisition that delivers attractive financial returns but also boosts the combined share price of the businesses into the low to the mid-single-digit range before synergies and again in the mid-to-high-single digits after synergies have been achieved.

    Still awaiting approval

    Before the acquisition goes through, there is the matter of approval. The acquisition needs to go through regulatory approvals and closing conditions.

    This includes the approval of at least 75% of Playtech shareholders. According to the latest reveal, the Playtech board will be recommending the approval of the Aristocrat acquisition. If everything plays out as expected, then the deal is expected to be finalised within the second quarter of 2022.

    It is a great opportunity for growth and the next stage for Playtech in their development in industry-leading development.

    According to Playtech CEO, Mor Weizer, it will be greatly beneficial to stakeholders and the company. Weizer believes the deal has the potential to enhance distribution along with the capacity to build new and deeper relationships with partners. On top of that, it will also enable Playtech to bolster its technological capabilities.

    With the combination of Aristocrat and Playtech comes the building of one of the largest B2B gaming platforms in the world.

    | Last updated: November 29, 2021

    Anything incorrect or missing?

    Let us know

    Article by Stelly

    CasinoWow Contributor

    Hey there! I am Stelly, and happily, I'm part of CasinoWow's content team. It excites me to be able to write and share with all gambling enthusiasts unbiased reviews and news that contribute to the gambling community and industry. Thankfully, I also have the chance to help you make an informed choice for casino brands and games, as well as provide interesting guides and news.

    Mentioned in this article

    Highroller Casino logo
    Highroller Casino
    BitStarz Casino logo
    BitStarz Casino
    King Billy Casino logo
    King Billy Casino
    Casino Friday logo
    Casino Friday
    BitKingz Casino logo
    BitKingz Casino
    GoSlot Casino logo
    GoSlot Casino
    Gamdom Casino logo
    Gamdom Casino
    CrocoSlots Casino logo
    CrocoSlots Casino

    Related content

    NEXT UP IN REGULATIONS

    THE LATEST

    Most popular

    news item
    Modern casino games: Where gambling and video games meet
    news item
    Stake Casino’s exclusive Pragmatic Play dice selection
    news item
    Innovation in crypto wallets and other popular payment methods
    news item
    CGB extends the deadline for applications by sublicensees
    news item
    Don’t miss the Jackpotz Mania taking place at BitStarz Casino

    Popular

    Special Guides

    Features

    CasinoWow

    Mentioned in this article

    Aristocrat logo
    Aristocrat
    Playtech logo
    Playtech

    NEXT UP IN INDUSTRY

    THE LATEST

    compass icon

    Guides

    Online gambling guides
    press icon

    News

    Latest gambling stories
    questionmark icon

    Help

    Online gambling FAQs

    CasinoWow © 2024

    CasinoWow.com Cookies

    We use 🍪 cookies to improve your user experience. By continuing to use this site, you are agreeing to our use of cookies as described in our Cookie Policy.

    Accept

    SUBSCRIBE for EXCLUSIVE offers!

    Be the first to get exclusive bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.

    Share this page across social platforms!

    Facebook
    Twitter
    Instagram
    Linkedin