Aristocrat CEO and Managing Director, Trevor Croker, has detailed that the company’s ‘commitment to participate in the RNG sector’ as part of its wider strategy will not be altered, following news of the collapse of its acquisition of Playtech. Issuing a statement this morning, Playtech anticipated that the minimum threshold of 75% of shareholders would not vote in favour of …
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Aristocrat Leisure has made progress in its prospective acquisition of Playtech, after stakeholders of the latter company voted in favour of selling its Finalto financial trading division to Gopher Investments. The disposal of Finalto to Gopher was cited as a ‘key condition of aristocrat’s offer’ for the whole of the Playtech business, and has been welcomed by the gaming content …
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Playtech Plc has responded to media speculation regarding a counterbid that existing shareholder Gopher Investments will table to take control of the FTSE250 gambling technology group. This Sunday, Sky News reported that Gopher – a Hong Kong-based investment vehicle that maintains a 5% shareholding in Playtech – will launch an expected £3 billion counteroffer, triggering a bidding war against ASX …
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Sports betting software and online gaming supplier Playtech is set to be purchased by Australian-listed gaming manufacturer Aristocrat Leisure, which has announced a cash offer of £2.7 billion for the FTSE250 technology group. Aristocrat aims to leverage the company to boost its revenues, ‘operate and innovate’ in the European market through the acquisition’s Snaitech division, reach a broader range of …
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Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed that it will stand down 1,000 members of staff as it seeks to mitigate the impact of COVID-19. In a statement, Aristocrat confirmed that the majority of those that will be stood down are based in the US, where the company has the majority of its staff, but has also stood …
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Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed that its Non-Executive Director Steve Morro will be stepping down from the company. The news was confirmed in the company’s 2019 annual report for the financial year ended 30 September 2019, where the technology group praised a ‘strong performance over the 2019 fiscal year.’ In a joint statement issued by Aristocrat …
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Aristocrat Leisure has reported a strong 2017 showing, “against a backdrop of broadly flat markets and increasing pressure from existing and new competitors”. Speaking at the firm’s annual general meeting, Trevor Croker, Aristocrat CEO, highlighted a fiscal year rise of 15% in group revenue in reported terms, to a record result of more than $2.45b. Earnings before EBITDA also rose …
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Australia ASX100 gambling technology supplier Aristocrat Gaming has strengthened its position within the social gaming sector, acquiring Seattle-based Big Fish Games from US racing operator Churchill Downs for a reported $990 million (£735 million) cash transaction. The acquisition sees Aristocrat expand its Social Gaming portfolio, having acquired Israeli games studio Plarium Gold last August for $500 million. Updating investors, Trevor …
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Australia ASX-listed gambling technology firm Aristocrat Leisure is seeking a new Chief Financial Officer (CFO), following the decision of current incumbent Toni Korsanos not to relocate to Las Vegas. Following a corporate restructure, Aristocrat has plans to relocate its executive management team to Las Vegas, moving the company closer to its main market. However, Korsanos who has acted as CFO …
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