Playtech, the international designer, developer and licenser 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 shortly.
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 U.K. 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 commercialized, is expected to deliver further revenue opportunities.