Leading slot machine maker Aristocrat Ledger (ASX: ALL) is increasing its iGaming footprint with the acquisition of NeoGames (NASDAQ: NGMS) for $12 billion in cash.
The deal, announced late Sunday, priced NeoGames at $1 a share, a 29.50% premium to the average closing price of the stock over the three-month period ending May 5. NeoGames operates internet lottery games in the United States, Canada, and other global markets.
取引完了は12ヶ月以内に行われる見込みで、規制当局の承認やNeoGames社の株主の承認など、慣習的な取引完了条件が条件となります」と声明を発表しています。"NeoGamesの発行済み株式の約61％に相当する合計約20,382,242株を保有するNeoGamesの株主は、Aristocratとサポート契約を締結し、それに基づき、この取引に賛成票を投じることに取消不能の同意を得た。"NeoGames' Board of Directors has unanimously voted in favor of the acquisition.Upon completion of the acquisition, the Internet lottery company will become a wholly owned subsidiary of Aristocrat.
A win-win relationship for Aristocrat and NeoGames investors
The acquisition price represents a 130% premium to the closing price of NeoGames shares last Friday, benefiting those who have recently invested in NeoGames.The stock fell 5% on May 12, but is up 10.77% year-to-date.
“While we believe in long-term, high-quality iLottery business opportunities, the likely gradual rollout in the U.S. combined with a challenging macro environment for illiquid stocks means price discovery in the near to medium term is likely The outlook is grim," Stifel analyst Jeffrey Stantial wrote in a note Sunday.
Stifel serves as an advisor to NeoGames.In the United States, Michigan is the most important target market, with NeoGames also operating in New Hampshire, North Carolina and Virginia, and pursuing iLottery deals in Alaska, Connecticut, Maryland, Massachusetts, Missouri, Ohio and Oregon. there is
Aristocrat is seeking ways to scale its iGaming and online lottery operations after its proposed acquisition of Playtech (LSE: PTEC) collapsed in 2022.Aristocrat could also make better use of Aspire Global, which NeoGames acquired early last year.The Swedish company provides BXNUMXB technology solutions to online sports betting and casino operators.
partners include well-known operators such as 888 Holdings, Betfair, Entein, Flutter and William Hill.
The deal between Aristocrat and NeoGames puts iLottery in the spotlight.
iLotteries have lagged behind iGaming and online sports betting, but Aristocrat's acquisition of NeoGames now offers an attractive growth trajectory.The acquisition could also benefit other Internet lottery companies, such as International Game Technology (NYSE: IGT).
私たちは、Aristocrat社が中核のカジノ事業からiLotteryに多角化することを選択したことへの信任投票であると見ています。したがって、iLotteryがIGTの収益基盤のごく一部であることを認めつつも、この買収は買い手であるIGTにとって有利に働くと考えます」とStantialは付け加えました。Acquisition of NeoGames also provides a competitive advantage over US-based rivals such as IGT and Light & Wonder (NASDAQ: LNW).
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