• 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 sells lotteries business for US$13.8 mln

Sep 02, 2014 Newsdesk Industry Talk, Latest News, Top of the deck  


Aristocrat sells lotteries business for US$13.8 mln

Australian slot machine maker Aristocrat Leisure Plc is selling its lotteries business to online gaming software supplier Playtech Ltd for a total consideration of EUR10.5 million (US$13.8 million) in cash.

The company on July 7 announced it would pay US$1.28 billion in cash for Tennessee-based Video Gaming Technologies Inc, a specialist in gaming machines for the tribal gaming market in North America. Four days earlier, Aristocrat Leisure had said it was acquiring all material assets of U.S.-based Paltronics Inc – a leading supplier of jackpot managers and display systems for casino games – under terms that were not disclosed.

The lottery division sale is so the company can concentrate on what it sees as higher growth markets, including casinos and digital gaming, said Aristocrat Leisure’s chief executive Jamie Odell.

The deal is still “subject to certain adjustments and conditions”, Aristocrat Leisure said. The company didn’t list them.

“With the recently announced acquisition of Video Gaming Technologies, Aristocrat is sharpening its focus on the business’ strategic strengths,” Mr Odell stated in a filing on Tuesday to the Australian Securities Exchange.

“In particular, we will continue to leverage our premium game content across priority, high value, segments and markets, including North American gaming operations, digital and core outright sale markets,” he added.

The sale will result in a non-cash write off of approximately AUD45 million in the current financial year (ended September 30, 2014), subject to adjustments, related to the carrying value of intangibles and foreign exchange losses, said the filing. Completion of the deal is expected in the current financial year.

Playtech, listed on the London Stock Exchange, provides software for gaming platforms including those offering sports betting, online poker, live casino games and bingo.

Products of Aristocrat Leisure’s lotteries division include video lottery terminals, transaction-processing systems, and game content produced in-house and from third parties.

Aristocrat Leisure is a long-time supplier to the lottery industry. In October 2002 it struck a deal with Sierra Design Group (SDG) to provide Aristocrat game themes for the New York market after SDG was selected to be a video lottery terminal provider to the New York Lottery.

In March 2012 Aristocrat Leisure announced it had supplied a linked jackpot system for Norway’s national bingo hall network.

But in its report for the half year ended March 31, released in May, Aristocrat Leisure said revenue from the lotteries business had fallen as the installed base of its terminals declined by nearly 12 percent year-on-year to 5,291 units. It said that was mainly driven by a reduction in the network of Italian lottery technology firm and lottery operator Cogetech SpA based in Milan.

Aristocrat Leisure’s shares closed up 1.3 percent at AUD5.47 by the end of Tuesday trading in Sydney.


  • tweet
Related articles
  • Aristocrat Gaming names Branon VP comms & corp affairs
    Aristocrat Gaming names Branon VP comms...

    Jun 28, 2022  

  • Aristocrat FY2022 revenue to grow 20pct y-o-y: JP Morgan
    Aristocrat FY2022 revenue to grow 20pct...

    Jun 27, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
  • Macau monthly GGR for June worst since Sept 2020Macau monthly GGR for June worst since Sept 2020 July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us