Wednesday September 3,2014 : PLAYTECH ACQUIRES ARISTOCRAT LOTTERIES
Expands and diversifies retail and VLT market share
Playtech has acquired Aristocrat Lotteries for Euro 10.5 million in cash from Aristocrat Leisure Limited.
The strategic acquisition will enable Playtech to expand and diversify its retail and VLT market share in key jurisdictions.
Stockholm-based Aristocrat Lotteries is a major 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. It is also the exclusive server-based gaming provider for Norwegian lottery Norsk Tipping's VLTs.
Shay Segev, chief operating officer and head of retail for Playtech, said: "Playtech's multi-channel solution means that this content can be deployed across any location and delivered through any device as well as allowing operators to cross-sell their customers into digital channels.
"This is an excellent deal and further strengthens our leading position to retail operators in key regulated markets, while also creating new opportunities to expand in those territories as well as others."
"The Aristocrat Lotteries business is led by a first-class management team and has an excellent team of developers. We look forward to working closely with them in the future in order to build and further the results they have already achieved."