Aristocrat believes Playtech is a done deal
3 December 2021
(PRESS RELEASE) -- It seems highly likely that Australian gaming supplier Aristocrat Leisure will be the new owners of Playtech after announcing this week that the company expects the deal to acquire the online gambling technology firm by the second quarter of 2022.
The company offered £2.7 billion for Playtech and senior management have recommended the offer to be accepted by shareholders, however there quickly appeared two other interested parties, one being Gopher Investments that already has a 4.9% investment in Playtech that made them the second biggest investor in the company, but they have now left the race to acquire Playtech.
Another was a consortium headed by former F-1 team owner Eddie Jordan and Keith O’Loughlin, a former senior executive from Scientific Games have along with major investors asked also for due diligence on Playtech. Under the name JKO Play Limited Jordan and O’Loughlin were seeking institutional investment for a possible offer, however it seems from Aristocrats latest announcement this will not materialize.
Aristocrat now seem to have been given free rein to finalize the deal by the middle of 2022.