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Aristocrat Acquisition Secures Approval of NeoGames Shareholders

Posted on July 26, 2023 | 6:39 am

Aristocrat Leisure Limited, the gigantic Australian manufacturer of slot machines and online casino games, has announced that its proposed acquisition of NeoGames has gone one step further.

The shareholders of NeoGames had their say and their votes went overwhelmingly in favor of the acquisition by the Australian company. Investors which are holding 86 percent of the outstanding shares of NeoGames cast their votes and over 99 percent of them approved the deal.

However, that was just the first shareholder vote, there will be another one required before the deal can proceed. If the proposal goes through, then NeoGames will have to transfer its registered office, statutory seat and seat of central administration from Luxembourg to the Cayman Islands. Then a subsidiary of Aristocrat Leisure Limited will merge with NeoGames and the resulting company will become a new subsidiary of Aristocrat.

The second shareholder vote has to approve the aforementioned merger and in order for the deal to go through at least 66.7 percent of the votes have to be in favor of the proposal.

The offer from Aristocrat was first announced in May, when the Australian company explained it had agreed to pay 1.2 billion dollars to take over NeoGames, a powerful developer of slot games for online casinos. The proposal had immediately received the unanimous approval of the NeoGames board of directors, and with all necessary regulatory approvals, the two companies hope to complete the deal in the first year of the 2024 fiscal year.

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Great Opportunities

When first announcing the deal, Trevor Croker, the Chief Executive Officer and Managing Director of Aristocrat, revealed that the proposal presented “great opportunities” for both businesses because working together they would be able to offer “end-to-end solutions for iGaming, iLottery and online sports betting.”

“We see great opportunities in the combination of our complementary businesses, with clear revenue and growth potential that comes with a complete and seamless online RMG solution,” Trevor Croker said.

The acquisition is also a key part of Aristocrat’s plan to develop its online gaming side. In 2021 the Australian company tried to acquire Playtech but that deal fell through, then it acquired Roxor Gaming and established its own digital gaming brand called Anaxi.


“First NeoGames shareholder approval obtained“,, July 19, 2023.

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