Aristocrat Leisure Limited (ASX:ALL) has confirmed that all conditions and requirements for closing under its agreement to acquire Neo Group Ltd, formerly known as NeoGames have been satisfied and that the Acquisition has now completed.
The acquisition was overwhelmingly supported by NeoGames shareholders at the second shareholder meeting, with the required majority voting in favour of all proposals relating to the Acquisition.
Aristocrat’s proposal to acquire NeoGames was announced in May 2023. NeoGames is a global leader in content and technology solutions for online Real Money Gaming (RMG), with a full- service offering that includes content, proprietary technology platforms and a range of value added services across iLottery, iGaming and Online Sports Betting (OSB).
The successful acquisition of NeoGames materially advances Aristocrat’s ‘build and buy’ strategy, positioning the Group to compete in attractive online RMG verticals globally. The acquisition allows Aristocrat to leverage its world-class gaming content, customer relationships and expanding capabilities across an even broader range of channels and geographies, adding further to the Group’s resilience, and accelerating future growth.
The combined Anaxi and NeoGames operations will be managed as a single, integrated global business going forward under the name Aristocrat Interactive. This name leverages the strength of Aristocrat as one of the leading global gaming brands and brings together diverse teams under a shared banner.
“We’re thrilled to welcome NeoGames to Aristocrat. The acquisition of NeoGames and its leading global online RMG platform adds to our increasing organic capabilities and will ensure that we deliver on our strategy by providing a portfolio of end- to-end solutions for iGaming, iLottery and OSB operators globally,” Aristocrat CEO, Trevor Croker, said.
“With our ambition to be the leading gaming platform for the regulated online RMG industry, the addition of NeoGames to our team advances our strategy to build global scale and capability.”