3rd of September 2014 Author: Glo Wood
In a EUR 10.5 million deal, Playtech has acquired Aristocrat Lotteries from Aristocrat Leisure Limited.
The strategic acquisition will enable Playtech to expand and diversify its retail and VLT market share in key jurisdictions.
Aristocrat Lotteries, based in Stockholm, is a gaming server provider in Norway and Italy. Its TruServâ„¢ platform has an established reputation in the Italian market.
Shay Segev, chief operating officer and head of retail for Playtech, said, "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."
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