Aristocrat Leisure Finalizes Acquisition of Neo Group for $1.2 Billion
Neo Group Ltd., formerly known as NeoGames S.A., has officially been acquired by Aristocrat Leisure Limited, a powerhouse in entertainment and content creation focused on mobile and casino games.
The acquisition, which closed at $29.50 per share, values Neo at approximately $1.2 billion.
Strategic Move to Enhance iGaming and iLottery Solutions
The transaction merges Neo’s technological expertise in iLottery and iGaming solutions with Aristocrat’s global reach in content creation, aiming to strengthen their positions in the rapidly evolving online betting industry.
Moti Malul, CEO of Neo, expressed enthusiasm about the potential for growth and innovation. “We are excited to have successfully closed this transaction and joined forces with the Aristocrat team to further drive our success across iLottery, iGaming, and online sports betting. We firmly believe that this Transaction represents a great outcome for all of Neo’s shareholders, customers and employees,” said Malul
Acknowledgment of Stakeholder Support
Malul extended gratitude to Neo’s stakeholders for their enduring support, emphasizing that the acquisition marks a significant milestone in the company’s history.
This strategic acquisition is expected to improve the service offerings and market presence of both Neo and Aristocrat, as they continue to innovate and expand in the domains of iLottery, iGaming, and online sports betting.
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