NeoGames and Aristocrat are continuing to work together to progress the remaining steps required to complete the acquisition, which is expected to be completed by April 25.
Aristocrat announced the deal to buy NeoGames in May 2023 for A$1.5bn (US$ 965m).
Tracey Elkerton, Aristocrat’s Chief Compliance Officer, explained to the Commission that the deal would bring ‘significant revenue opportunity’ by joining Aristocrat’s content with NeoGames’ platform and technology.
“We believe this transaction will be transformational to our business and lay the foundation to fulfill our ambitions to be a leader in the online gaming. A lot has to happen between now and close. The first step is that NeoGames will redomicile to the Cayman Islands and we’re targeting April 24 for that to occur,” she said.
“NeoGames, currently traded on NASDAQ will cease trading and finally NeoGames will hold a shareholder meeting as a Cayman company and shareholders will be asked to vote again to approve the merger of the two entities. We do not anticipate any obstacles to completing these steps. We anticipate closing will occur immediately after the shareholders vote on the 25th.”
NeoGames is a technology-driven innovator and a global leader of iLottery and iGaming solutions and services for regulated lotteries and gaming operators. The Company offers its customers a full-service suite of solutions, including proprietary technology platforms, two dedicated game studios with an extensive portfolio of engaging games – one in lottery and one in casino games, and a range of value-added services.
The acquisition of the Aspire Global Group enables NeoGames to offer the most comprehensive portfolio, comprised of iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay, and a complete set of B2B Gaming tech and Managed Services.
Source: GMB
