• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Aristocrat disappointed at unsuccessful bid for Playtech

Feb 04, 2022 Newsdesk Latest News, Top of the deck, World  


Aristocrat disappointed at unsuccessful bid for Playtech

Shareholder support at gambling software and content provider Playtech Plc for a takeover by Australia-based slot machine maker and digital gaming content provider Aristocrat Leisure Ltd has fallen well short of the 75 percent required under the law of the Isle of Man, where Playtech is registered.

London-listed Playtech said in a Wednesday announcement that 54.68 percent of votes in its general meeting were in favour of Aristocrat’s offer, which had valued the target at GBP6.80 (US9.12) per share.

“As a result, the recommended acquisition is expected to lapse,” said Aristocrat in a filing to the Australian Securities Exchange the same day.

Trevor Croker (pictured), Aristocrat’s chief executive and managing director, was cited as saying in Wednesday’s filing that the suitor was “disappointed”.

He added: “The emergence of a certain group of shareholders” at Playtech, that had “built a blocking stake while refusing to engage with either ourselves or Playtech, materially impacted the prospects for the success of our offer, which had been recommended by the board of Playtech”.

Aristocrat said that based on public disclosures, the majority of those Playtech shareholders opposed to a takeover by Aristocrat, “arrived on Playtech’s register after the announcement of the recommended acquisition”.

On October 18, Aristocrat made a circa AUD3.9-billion cash offer to acquire Playtech at GBP6.80 per share.

Playtech’s shares stood at GBP6.335 at close of business on Thursday.

The target firm said in its Wednesday announcement,that as a result of that day’s vote, Playtech was “no longer in an offer period” as defined by relevant rules.


  • tweet
Related articles
  • Aristocrat appoints Superna Kalle as head of strategy
    Aristocrat appoints Superna Kalle as...

    Sep 18, 2023  

  • Aristocrat confirms data stolen in cybersecurity breach
    Aristocrat confirms data stolen in...

    Aug 07, 2023  

More news
  • Macau September GGR down 13pct on August: govt
    Macau September GGR down 13pct...

    Oct 01, 2023  

  • Sands China to revitalise firecracker factory, old streets
    Sands China to revitalise firecracker...

    Sep 29, 2023  


Latest News

Macau September GGR down 13pct on August: govt

Macau September GGR down 13pct on August: govt

Oct 01, 2023  

Macau’s September casino gross gaming revenue (GGR) fell by 13.2 percent month-on-month, to MOP14.94 billion (US$1.85 billion), according to a Sunday announcement from the local regulator, the...
Read More
Sands China to revitalise firecracker factory, old streets

Sands China to revitalise firecracker factory, old streets

Sep 29, 2023  

Bloomberry aims to raise up to US$99mln via share sale

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • Macau September GGR down 13pct on August: govtMacau September GGR down 13pct on August: govt October 1, 2023
  • Sands China to revitalise firecracker factory, old streetsSands China to revitalise firecracker factory, old streets September 29, 2023
  • S.Korea Daegu Casino fined US$776k for AML breaches S.Korea Daegu Casino fined US$776k for AML breaches  September 29, 2023
  • Light & Wonder to expand facilities in the Philippines: CEOLight & Wonder to expand facilities in the Philippines:… September 29, 2023
  • Bloomberry aims to raise up to US$99mln via share saleBloomberry aims to raise up to US$99mln via share sale September 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us