Connect with us


Aristocrat says Playtech takeover expected to close in Q2 next year

Aristocrat says Playtech takeover expected to close in Q2 next year 1

(Reuters) – Australia’s Aristocrat Leisure said on Wednesday its 2.1-billion-pound deal to buy London-listed gambling software maker Playtech was expected to complete in the second quarter of next year. Aristocrat’s bid, which has been recommended by Playtech’s board, is the only offer on the table for the British company. Gopher Investments, Playtech’s No. 2 shareholder, walked away from making a bid for the full company earlier in November. Gopher’s separate deal to buy Playtech’s financial trading division, Finalto, was approved by shareholders earlier on Wednesday. “The approval given by Playtech shareholders to dispose of Finalto meets a condition of Aristocrat’s recommended offer and is a further step forward in the completion process,” Aristocrat Chief Executive Trevor Croker said in a statement.

(Reporting by Muvija M in Bengaluru; Editing by Shinjini Ganguli)

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now