Aristocrat Leisure Completes $1.2 Billion Acquisition of NeoGames

Aristocrat Leisure Limited, a leading entertainment and content creation company, has completed the $1.2 billion acquisition of famous iGaming and iLottery provider Neo Group Ltd, formerly known as NeoGames SA Come from Sports betting site VPbet . According to the company’s press release, the $29.50 per-share acquisition was supported by the majority of NeoGames’ shareholders at the recent meeting to consider the transaction completed.

Acquisition Completed:

The process began in May 2023, when Aristocrat Leisure announced its intention to acquire NeoGames, a leading technology and platform supplier for online real money gaming (RMG) operations. NeoGames also delivered significant value in the area of online sports betting (OSB) technology, iGaming, and iLottery operations. At the time of the announcement, 12 May 2023, NeoGames shares were 104% less than Aristocrat Leisure’s $29.50 offering per share.

Merging NeoGames with Anaxi:

Aristocrat’s offer totaling $1.2 billion included the acquisition of NeoGames statutory seat, registered office, and seat of central administration. NeoGames was to be merged with Anaxi, a fully-owned Aristocrat subsidiary and moved to the Cayman Islands. Under the acquisition proposal, NeoGames shares would be canceled and no longer available on the public market, based on a reportedly fair cash compensation.

Transaction Details:

The NeoGames’ Board of Directors agreed with the proposal. The company’s majority shareholders possessing around 20.382.242 shares, or about 61% of the total amount, also approved the acquisition and the two companies entered the transaction. The transaction launched in May 2023 was anticipated to take around 12 months to complete. Indeed, customary closing conditions and regulatory approvals have been obtained and the completion is announced in the Aristocrat Leisure press release dated 26 April 2024.

Launching Aristocrat Interactive:

According to the same source, Aristocrat will use the NeoGames expertise to enhance the Group’s competitiveness in delivering world-class gaming content across a range of global distribution channels. For such purpose, NeoGames merges with Anaxi to launch a global integrated business under the name Aristocrat Interactive. Motil Malul, CEO of NeoGames, will reportedly be appointed CEO of Aristocrat Interactive. As a new member of the executive team, Malul will report to Trevor Croker, CEO of Aristocrat Leisure Limited.

NeoGames CEO Becomes CEO of Aristocrat Interactive:

With a 15-year executive experience in the industry and in-depth iGaming and iLottery expertise, Motil Malul will join Aristocrat along with many NeoGames leaders to continue adding value to corporate operations. At the same time, Anaxi CEO Mitchel Bowen will step down from the executive role to continue rendering consulting services to Aristocrat by the end of 2024 to ensure a seamless transition.

Commenting on the completion of the transaction, Aristocrat Leisure CEO Trevor Croker reportedly said: ”We’re thrilled to welcome NeoGames to Aristocrat. The acquisition of NeoGames and its leading global online RMG platform adds to our increasing organic capabilities and will ensure that we deliver on our strategy by providing a portfolio of end-to-end solutions for iGaming, iLottery, and OSB operators globally. With our ambition to be the leading gaming platform for the regulated online RMG industry, the addition of NeoGames to our team advances our strategy to build global scale and capability.”

 Integrating 1,200 People from NeoGames into Aristocrat:

Aristocrat CEO Trevor Croker congratulates Motil Malul on the appointment as CEO of Aristocrat Interactive and welcomes NeoGames’ leaders and teams of around 1,200 people from around the world to the Aristocrat’s business. Croker expressed his assurance that the NeoGames’ executive, leaders, and broader teams will seamlessly integrate into the company. Aristocrat CEO also thanks and acknowledges Mitchel Bowen for his contribution to Aristocrat over 20 years.

After the acquisition, Aristocrat will amend the segment reporting structure to start reporting performance under Aristocrat Leisure, Pixel United, and Aristocrat Interactive primary segments, according to the press release.

Related Posts

Game Of Thrones Studio Tour In Northern Ireland Shares Set Photos

Warner Bros. Themed Entertainment has released a first look at authentic sets that are part of its Game of Thrones Studio Tour at Linen Mill Studios in Banbridge, Northern Ireland. The destination attraction will open February 4, 2022 Come from Sports betting site VPbet . Tickets, which must be purchased in advance of visits, are now available to buy at this official website.

In a release, chief executive of tourism for Ireland Niall Gibbons, said: “Over the past decade, Northern Ireland has welcomed fans from around the globe to the ‘real-world Westeros’–home to the stunning landscapes, coastlines, and mountains that have featured in some of the show’s most memorable scenes… the new Game of Thrones Studi…

HBO Max And Discovery+ Will Debut As A Single Streaming Service In 2023

It’s been a bizarre week for HBO Max. Following the unceremonious cancelation of the planned direct-to-streaming Batgirl movie and removal of more than a handful of “under performing” streaming originals from the platform, CEO David Zaslav took to the stage at an investors call to explain the brand’s strategy moving forward.

Of the big announcements made at the call, the least surprising was confirmation that HBO Max and Discovery+ will be merging into one singular streaming platform in 2023. Details about the platform’s name, pricing, and specific content remain a mystery, but the presentation included a slide explaining that it will be both on-demand and live, include ad-free, ad-lite, and ad-only options, with multiple tiers for content like sports, and offe…

Grab Metaphor- ReFantazio On PC For A Discount At Fanatical

Metaphor: ReFantazio is in rarified company, garnering a 10 out of 10 review score from GameSpot. That makes for a pretty good reason to want to check out this RPG from the studio behind the Persona and Shin Megami Tensei games. If you’re looking to preorder Metaphor: ReFantazio on PC, you can knock a few bucks off each edition of the game at Fanatical, while also securing a number of preorder bonuses Come from Sports betting site VPbet . The discounts at Fanatical knock about 13% off of Metaphor’s list price. That brings the base game down to $61 from the usual price of $70. Alternatively, you can also get the Metaphor: ReFantazio Atlus 35th Digital Anniversary Edition, which is normally $100, for $87. Metaphor: ReFantazio…

Check Out Four Xbox Games You Can Play For Free This Weekend

You can play four different games for free on Xbox this weekend, ranging from game high profile sports title to a hand-drawn action epic. Xbox Live Gold and Xbox Game Pass members can play these games for free from Thursday, June 15 at 4:01 AM ET/12:01 AM PT until Monday, June 19 at 3:59 AM ET/Sunday, June 18 at 11:59 PM PT.

First up is EA Sports PGA Tour, the latest in the long-running EA Sports golf games. Since launch, the game has received significant improvements, like a three-click swing system. The game features 30 courses, most of which are real-world professional courses like the Augusta National Golf Club and the TPG Sawgrass. PGA Tour is also on sale for $42, down from the $70 listing price.

The remaining games are Bomber Crew, Oddballers, and Greak: Memories of A…

Elden Ring- Where To Get The Claymore

Elden Ring is sporting a ton of classic From Software weapons, but one fan-favorite greatsword ranks among the most recognizable. The Claymore is a franchise staple and a fantastic addition to your collection of armaments. Even better, it can be found very early in the game, making it a perfect choice for Strength builds looking for a weapon to begin improving right away. Don’t worry, either, as we’ll tell you exactly where you can find the Claymore.

Claymore explained Come from Sports betting site VPbet

The Claymore is a greatsword and requires 16 Strength and 13 Dexterity to wield. Due to those relatively low requirements, it makes for a very solid option for Strength builds.

Halle Berry On Making Catwoman- "One Of The Biggest Paydays Of My Whole Life"

Actress Halle Berry does not regret starring as Catwoman in the 2004 superhero film. Speaking to Entertainment Weekly, Berry said she didn’t always want to pursue “award-worthy” projects and sometimes just wanted to make some cash.

“For me, it was one of the biggest paydays of my whole life, which, there’s nothing wrong with that…. I don’t want to feel like, ‘Oh, I can only do award-worthy stuff.’ What is an award-worthy performance?” she said.

Elsewhere in the interview, Berry said Catwoman is not a film that she’s “totally in love with,” but she pointed out that acting is her career, not a hobby. “It’s how I take care of my children. But I try to keep that sense of wonder and stay curious. Because being a Black woman, I haven’t always had parts that I absolutely love,” s…