Business
March 7, 2022
Aristocrat’s Playtech Bid Voted Down by UK Tier One Institutions
Former chief executive officer at Playtech Tom Hall pointed the finger at Aristocrat for orchestrating the campaign around the group of Asian investors who supposedly built a blocking stake at Playtech before the shareholder vote and acted in concert to block Aristocrat’s bid, The Financial Times reported. False Conduit Claims and Share Purchase Timings The […]
Casino
February 3, 2022
Aristocrat Machines Pay Out $2M Jackpots to Arizona, Florida Players
Nothing can beat the excitement of winning a jackpot. Only recently, one resident in Florida and Arizona each turned out to be quite lucky and collected significant jackpots by playing Aristocrat Gaming’s slot machines. Florida Man Goes Home with $1.3 Million Undoubtedly, one lucky Florida resident will always remember the date January 28, 2022. On […]
Business
February 2, 2022
Playtech Shareholders Leave Aristocrat Empty-Handed
Playtech announced today the £2.1 billion ($2.85 billion) bid Australian slot manufacturer Aristocrat tabled in October last year failed to gather the required shareholder approval and has been terminated while the proposed acquisition scheme will now lapse. Vote Failed to Pass Threshold The majority of Playtech shareholders voted in favor of the proposal at the […]
Business
January 5, 2022
Playtech and Aristocrat Shareholder Meetings Delayed Over JKO Interest
Playtech has decided to postpone shareholder meetings in which Aristocrat’s takeover is set to be approved as a way to buy more time to discuss with JKO Play on a potential bid. Up until recently, Aristocrat was the frontrunner to acquire Playtech as the two companies agreed to a $3.7 billion deal in October 2021, […]
Business
December 22, 2021
Aristocrat, Playtech Concerned Over Asian Playtech Investors
As far as acquisitions go, Aristocrat’s purchase of Playtech has been run of the mill. There has been back-and-forth over price and even a few unexpected bids appearing. None of that was enough to cause the deal to lose focus. However, the sudden interest in Playtech stock out of Asia has both companies raising a […]
Business
December 8, 2021
Wynn Resorts Secures Top CFO Talent from Aristocrat
Wynn Resorts Ltd. has announced the appointment of Julie Cameron-Doe as its new chief financial officer. Cameron-Doe will step into her new position in the second quarter of 2022 as she is currently winding down from her responsibilities as CFO at Aristocrat Leisure Ltd. She is a long-standing industry veteran whose experience spans numerous companies. […]
Business
December 2, 2021
Aristocrat Acquisition of Playtech Still on Course to Complete in Q2, 2022
Australian gaming manufacturer Aristocrat Leisure Ltd. is closer to the acquisition of Playtech plc. Playtech has confirmed that the sale of its financial division, Finalto, will proceed as intended after shareholders gave their approval on Wednesday. The company is divesting the division to Gopher as it prepares to be acquired by Aristocrat. Finalto Sale Paves […]
Business
November 22, 2021
Gopher Walks Away From Potential Playtech Acquisition
Gopher Investments has pulled its offer to buy London-listed gaming company Playtech from Gopher Investments in the wake Eddie Jordan-led €3.56-billion ($4.01 billion) entrance into the competition. Gopher, based in Hong Kong owns 4.97% of Playtech and is already looking to buy its Finalto financial trading section. This deal should be completed in the first […]
Industry
November 18, 2021
Aristocrat Finishes FY21 with 81% Profit Boost
Aristocrat Leisure Limited’s profits continue to outperform expectations as the company has wrapped up its FY21 to post a total of $628 million as its bottom line, up 81% year-over-year. The Australian slot machine company’s performance has been bolstered by strong growth in the digital space backed by its operations in the Americas and finding […]
Business
November 8, 2021
Gopher to Challenge Aristocrat Over Playtech Acquisition
Australian slot machine firm Aristocrat Leisure may have to bid for the acquisition of the London-listed gambling software group Playtech as Hong Kong-based Gopher Investments considers putting more money on the line. Gopher Challenges Aristocrat Playtech originally agreed to be acquired by Aristocrat in October when the Australian firm proposed a $3.64 billion deal. However, […]