Aristocrat’s planned acquisition of NeoGames took a big step forward this week. The Nevada Gaming Control Board expressed its support of the purchase on Wednesday.
The NGCB will meet again on April 18. The Australia-based Aristocrat will pay roughly $1.5 billion to acquire NeoGames.
Aristocrat hopes the addition will boost its iLottery presence.
NeoGames acquisition is a year in the making
This leap forward has been a long time coming. Aristocrat first announced its planned acquisition of NeoGames in May 2023. The announcement motioned the dominoes, including various shareholder and regulator approvals.
In July 2023, NeoGames shareholders approved the Business Combination Agreement necessary to push the acquisition forward. It was the first of two approvals required.
The Nevada Gaming Control Board’s preliminary acceptance signals progress for Aristocrat and NeoGames.
More about Aristocrat and NeoGames
Aristocrat is based in Australia. The company has three sub-branches: Aristocrat Gaming, pixel United, and Anaxi. It is known for slot machines, online gaming, and various other gambling-related products.
Aristocrat recently appointed Matthew Primmer as Chief Product Officer.
NeoGames includes various proprietary technologies that support iLottery and iGaming operators, plus two game studios and a suite of games.
NeoGames employees will be put through compliance training when the acquisition goes through. Background checks may also be conducted where necessary and allowed.
NeoGames expanding its reach
This isn’t the only NeoGames development making waves in the iLottery world. Earlier this week, the company was involved in a new effort to bring online lottery games to Virginia. Pariplay — a NeoGames company — was tapped via a partnership with EQL Games to strike a deal with the Virginia online lottery.
NeoGames also expanded its global footprint this week. The company extended its partnership with SAZKA.
SAZKA (an Allwyn company) will continue to receive games and titles from the NeoGames portfolio for three more years.
Photo by PlayiLottery
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