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Aristocrat Completes VGT Acquisition

Aristocrat Completes VGT Acquisition

Australian slot manufacturer Aristocrat Leisure Ltd. announced it has completed the acquisition of Tennessee-based Class II gaming machine manufacturer Video Gaming Technologies Inc. (VGT), in a deal worth US.28 billion. Aristocrat also said it would consider other “accretive opportunities.”

The company achieved all necessary regulatory and other approvals required with respect to its agreement to acquire VGT, Aristocrat said in a filing to the Australian Securities Exchange.

VGT had an installed base of approximately 20,200 leased machines at the end of last year, according to previous filings. It will be run as a business unit of Aristocrat, maintaining its focus on Class II products, the Australian gaming manufacturer said.

Aristocrat has put in place an interim leadership structure “while a rigorous global search for a permanent leader is undertaken,” it said. The deal had first been announced in July.

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