Australian slot giant Aristocrat Leisure Limited announced it has received final regulatory approval for its acquisition of iGaming solutions provider NeoGames. The $1.2 billion deal was approved by the Nevada Gaming Commission and all other necessary regulatory agencies.
“Aristocrat Leisure Limited advises that all necessary gaming regulatory preapprovals required for the completion of its proposed acquisition of NeoGames S.A. have been received or waived,” Aristocrat said in a statement. “In addition, all antitrust and foreign investment regulatory clearances have been received. This marks a further step towards completion of the acquisition, before the final NeoGames shareholder vote.”
NeoGames and Aristocrat are continuing to work together to progress the remaining steps required to complete the acquisition. The final shareholder meeting of NeoGames to vote on the acquisition was expected to occur on or about April 25.
NeoGames is a technology-driven innovator and a global leader of iLottery and iGaming solutions and services for regulated lotteries and gaming operators. The company offers its customers a full-service suite of solutions, including proprietary technology platforms, two dedicated game studios with an extensive portfolio of engaging games—one in lottery and one in casino games—and a range of value-added services.
The acquisition of the Aspire Global Group has enabled NeoGames to offer the most comprehensive portfolio, consisting of iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay, and a complete set of B2B Gaming tech and managed services.
The merger will bolster Aristocrat’s position in the online gaming sector, combining NeoGames’ expertise in iLottery solutions with Aristocrat’s gaming technology capabilities. During the Nevada Gaming Commission hearing, Tracey Elkerton, Aristocrat’s chief compliance officer, expressed confidence in the merger’s potential and highlighted the strategic fit between the two companies.
