A high-ranking company is poised to purchase Playtech in a substantial transaction. The leadership of both entities has consented to a monetary proposal of £6.80 (approximately $9.35) for each share. This assessment places Playtech’s worth around £2.1 billion (equivalent to $2.9 billion).
This acquisition is viewed by Aristocrat as a means to expedite its expansion within the internet-based gaming sector. They anticipate the worldwide online gambling market to attain $112 billion by 2025 and are confident that Playtech’s technological capabilities and clientele will provide them with a considerable edge.
Trevor Croker, the chief executive of Aristocrat, emphasized the advantages of merging Aristocrat’s gaming material with Playtech’s online gambling framework, especially within the rapidly expanding North American market. He is optimistic that this amalgamation will generate substantial returns for stakeholders.
To finance the acquisition, Aristocrat intends to secure approximately $1.3 billion through the issuance of fresh shares.
A consortium of stakeholders, holding a substantial portion, approximately 20%, of Playtech’s shares, have expressed their support for the acquisition proposal. Despite this, Playtech’s leadership has maintained silence, refraining from releasing a formal announcement regarding the prospective transaction.