Aristocrat Technologies is one of the biggest slot giants within the gambling industry. It will soon be expanding into an even larger behemoth thanks to its acquisition of the software provider Playtech. The review site SlotsRank has analyzed several games created by them.
The deal occurred on October 15, 2021, valuing Playtech at a whopping $3.71 billion. This number was based on a variety of factors, including the company's outstanding debt and market capitalization. Aristocrat has agreed to fund this purchase with a mixture of equity issuance, a loan, and cash on hand.
Fans of slot games will want to know what this all means for the future of their favorite genre. It seems very likely that new titles created by Playtech under the control of Aristocrat will be released in the near future. The software company focuses on games for internet casinos. However, it has also worked on projects for poker rooms and sports betting sites.
Playtech began as an Estonian casino business based within the Isle of Man. Over the last two decades, it has achieved a very high level of success. The main aim of the acquisition is to bolster Aristocrat's offerings to both the iGaming and sports wagering industries.
Aristocrat released a statement explaining that this deal represented a global market that is valued at close to $70 billion. While this number may seem large, it should be remembered that the online slots industry is enormous and widespread. Furthermore, it continues to grow as new players discover the joys of slots. The acquisition is a culmination of talks that have been rumored to have gone on for a number of months.
Aristocrat has managed to make a big name for itself within the brick and mortar slots industry of North America. It sold slot machines to land-based casinos across the country. However, until now, the company has not been able to focus on online versions of this popular game. This is due to a significant lack of exposure to the online casino market. All that is about to change.
Now is the ideal time for them to focus on iGaming. A recent statement by Goldman Sachs explained that by 2033 this industry may be worth as much as $39 billion. Playtech's cutting-edge technology and platforms alongside Aristocrat's gaming content and regulatory history could prove to be an extremely profitable combination.
Playtech is widely regarded as one of the best casino game software providers in the world. It is well respected for having expertise in platforms for both online and land-based gambling. As a result, the company has been predicted as a takeover target for a long time.
People who enjoy slots regularly will be excited by the recent news. It means there will be high-quality releases to look forward to in the near future. At the same time, the acquisition will delight anyone who wants to see the gambling industry grow in value.