IN THE NEWS: POKIE MANUFACTURERS
This week Aristocrat increases its online expansion with the purchase of NeoGames, and Light & Wonder look to launch on the ASX.
- Aristocrat to acquire NeoGames in USD $1.2bn move
Aristocrat Leisure Limited has made a $1.2bn offer to NeoGames S.A., a gaming platform provider operating out of Luxembourg, which has been accepted, the firm said. The news was confirmed as part of an ASX filing that Aristocrat submitted as part of its company updates and obligations to disclose information about mergers and acquisitions. The agreement, although inked, would still require NeoGames shareholder approval, before the deal can be finally cleared.
Aristocrat CEO and Managing Director Trevor Croker hailed the addition of a prominent online gaming arm and developer, seeing great opportunities and synergies that would solidify Aristocrat’s evolving approach towards iGaming and the gaming market in general.
Read more >>> Aristocrat to acquire NeoGames in $1.2bn move (casino.guru)
- Light & Wonder granted conditional approval for secondary ASX listing
Light & Wonder has revealed that the group has been granted conditional approval by the Australian Securities Exchange for a secondary listing on the ASX.
It is now thought that the gaming supplier will be admitted to the official list, as an ASX Foreign Exempt Listing, by 18 May.
Official quotation of L&W CHESS Depositary Interests expected to begin on Monday, May 22, 2023, although the company acknowledged that “there can be no assurance” regarding timing or completion, with the secondary listing and official quotation remaining subject to final approval by the ASX.
In addition to enhancing the group’s profile within Australia, hailed as “one of the leading markets for the company’s gaming business,” it is also thought that the move will deliver the potential to attract new long-term institutional investors within the country.
Read more >>> Light & Wonder granted conditional approval for ASX listing (casinobeats.com)
