Playtech investors hit jackpot after £2.7bn takeover is agreed
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The consolidation of the gambling sector gathered pace yesterday when Playtech agreed to a £2.7 billion bid from Aristocrat Leisure, an Australian manufacturer of casino slot machines.
The recommended 680p-a-share offer values the gambling technology group’s equity at £2.1 billion, a premium of about 58.4 per cent to the closing share price on Friday. The buyer will also take on £600 million of debt.
Playtech said that the combination would create “one of the largest B2B gaming platforms in the world, enabling it to provide its customers with a truly best-in-class offer across all areas of gaming and sports betting”.
The company said that while it had made good progress delivering on its strategy, most notably in the Americas, it would take time and further
