Aristocrat Leisure Limited agrees Roxor Gaming Limited acquisition
Australian gaming machines and iGaming innovator Aristocrat Leisure Limited has announced the inking of a deal to acquire British business-to-business online casino games developer Roxor Gaming Limited.
The Sydney-listed firm used an official Monday press release to detail that the arrangement for an undisclosed amount of cash is now set to become official during the first quarter of next year so as to allow it to improve the scale and growth of its real-money iGaming strategy. The company declared that the transaction for the subsidiary of private investments firm Anzo Group Limited also includes the target’s pair of in-house development studios to further boost its own ‘online real-money gaming-specific technical and product development talent’.
Promising partnership:
Aristocrat Leisure Limited has long supplied a vast array of real-money and free-play online casino entertainment to operators around the world. The Sydney-headquartered pioneer moreover recently signed a cross-patent licensing pact with fellow iGaming behemoth International Game Technology (IGT) some seven months after purchasing a duo of mobile-facing social games studios in Futureplay and Playsoft.
Blossoming business:
For its part and Roxor Gaming Limited was established in 2019 by the former Chairman of British iGaming firm Gamesys Group, Noel Hayden, and was previously responsible for all of this larger company’s in-house studio and product development activities. Aristocrat Leisure Limited divulged that its latest acquisition is licensed by regulators in Gibraltar and the United Kingdom with its 100-strong workforce having already developed some 150 games including the Secrets of the Phoenix, Double Bubble and Tiki Island video slots.
Ideal investment:
Mitchell Bowen serves as the Real-Money Online Gaming Chief Executive for Aristocrat Leisure Limited and he reportedly told a source that the arrangement to purchase Roxor Gaming Limited remains ‘subject to regulatory approvals and customary closing conditions’ and is to be funded out of existing cash with no expected immediate impact to his firm’s ‘material earnings.’
Reportedly read a statement from Bowen…
“Roxor Gaming Limited is a great fit for Aristocrat Leisure Limited and this acquisition is another step forward in our strategy to scale in online real-money gaming. We look forward to growing together with the talented team at Roxor Gaming Limited.”
Fine future:
For his part and Hayden reportedly asserted that Roxor Gaming Limited’s ‘innovative and highly scalable’ technology has already been launched into the iGaming markets of the United Kingdom and the United States and ‘supports efficient and feature-rich games and game development.’
A statement from Hayden reportedly read…
“I am delighted to see this deal signed as I feel it brings together two great companies that complement each other perfectly. Roxor Gaming Limited holds a very important place in my heart as the team and the games we have built have delivered so much to so many over the last 20 years and I couldn’t be more excited for Roxor Gaming Limited and the road ahead.”