U.S.-based gaming supplier Aristocrat Technologies Inc, part of Australia-based Aristocrat Leisure Ltd, said on Thursday it has completed the acquisition of the “complete source code and hardware design” for a promotional kiosk developed by Phi Gaming LLC. The cost of acquisition was not disclosed in the release.
Phi Gaming is a developer of systems and promotional kiosks, and provides a proprietary cloud-based casino management system platform, according to its corporate website.
In Thursday’s release, Aristocrat Technologies said it has also entered into a development agreement with Phi Gaming “to further acceleration” of Aristocrat’s Oasis 360 loyalty kiosk. “The agreement extends Aristocrat’s digital content and advanced marketing solutions within its multiple award-winning Oasis 360 casino management system portfolio,” said the company.
“Phi Gaming’s modern kiosk design is best-of-breed, and we are excited to add their kiosk solution to the Oasis 360 suite of products,” said Aristocrat Technologies’ vice president of system sales, Clark Warren, in a prepared statement.
“This acquisition reflects an important milestone in Aristocrat’s commitment to provide an end-to-end solution for our customers,” he added.
Commenting on the deal, Phi Gaming’s president and chief executive Diallo Gordon said: “We are grateful to Aristocrat and will deliver simple, useful, and amazing products to the Oasis 360 portfolio.”
In November, Aristocrat Leisure reported net profit after tax of AUD495.1 million (US$375.5 million) for the fiscal year ending September 30, up 41.3 percent year-on-year. The parent firm also announced a US$990-million cash acquisition of social casino brand Big Fish Games Inc, a U.S.-based, wholly-owned unit of horse racetrack operator Churchill Downs Inc.
Feb 16, 2018Due to the Chinese New Year holiday, the GGRAsia team will be off between February 16 and 19. We will be back on February 20. We wish all our readers a prosperous Year of the Dog!
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