LONDON, September 2, 2014 /PRNewswire/ --
Strategic acquisition enables
world's leading gaming supplier to expand and diversify its retail
and VLT market share in key jurisdictions
Playtech, the international designer, developer and licensor 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.
(Logo:
http://photos.prnewswire.com/prnh/20120515/531552 )
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 UK 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
commercialised, is expected to deliver further revenue
opportunities.
Shay Segev, COO and Head of
Retail, Playtech, said: "We're delighted to be acquiring Aristocrat
Lotteries, furthering a key element of Playtech's retail
strategy.
"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," Segev
added.
About Playtech
Playtech develops unified software platforms and content for the
online and land-based gaming industry, together with providing a
range of ancillary services such as marketing, CRM services and
hosting.
The Group's capabilities enable the delivery of an integrated
software or turnkey solution, with players accessing online,
broadcast, mobile and server-based gaming terminals through a
single account.
New licensees include existing online operators upgrading or
diversifying their offering, land-based casino groups, government
sponsored entities such as lotteries, and new entrants making their
online gaming debut, particularly in newly-regulated markets.
Founded in 1999, Playtech is listed on the London Stock Exchange
and has more than 3,400 employees located in twelve countries. Its
leading gaming applications include casino, bingo, poker, sports
betting, live, mobile and social gaming, casual and fixed odds
games.
http://www.playtech.com
For further information contact:
Playtech plc
Mor Weizer, Chief Executive
Officer
Ron Hoffman, Chief Financial
Officer
c/o Bell Pottinger
+44(0)20-7861-3232
Adam Kay, Head of Investor
Relations
+44(0)20-7428-1776
Bell Pottinger
David Rydell / Olly Scott
+44(0)20-7861-3232
