Aristocrat Leisure Limited has announced an agreement to acquire B2B online Real Money Gaming (RMG) supplier Roxor Gaming from London-based Anzo Group.
The acquisition comes after Aristocrat established in February a new online RMG segment following its failed attempt to acquire UK-based platform provider Playtech plc.
As part of the transaction, Aristocrat will also acquire Roxor’s two in-house game development studios, “bringing further online RMG-specific technical and product development talent to the Group,” the company said.
It will also accelerate delivery of Aristocrat’s strategy to “grow and scale” in online RMG. Roxor has over 100 employees primarily based in the United Kingdom, along with a deep affiliate network with extensive online RMG experience.
“Roxor’s technology is live in the US and UK markets, and is innovative, highly scalable and supports efficient and feature-rich games and game development,” Aristocrat added.
The transaction is expected to be completed in 1Q23, subject to, subject to regulatory approvals and closing conditions, and will be funded from existing cash.
As previously reported by IAG, Aristocrat last year raised a total of AU$1.3 billion (US$965 million) towards its proposed acquisition of Playtech plc via retail and institutional entitlement offers before the deal fell through when a group of Asia-based Playtech shareholders opposed the move.
Those shareholders were reported to include AsianLogic founder Tom Hall and International Entertainment Corp Chairman Stanley Choi.
This ultimately led to Aristocrat establishing the new RMG segment, with Group CEO and Managing Director Trevor Croker stating at the time,”This will see us invest strongly in building out our own online RMG platform infrastructure while also undertaking select M&A, partnerships and talent acquisitions to accelerate progress wherever appropriate.”
RelatedPosts
