Aristocrat Leisure Acquires Awager to Expand Live Casino Gaming
Aristocrat Leisure Ltd (ASX:ALL) shares dipped 1.29 per cent to A$68.06 in Sydney on Wednesday. The company has agreed to acquire Awager, an online live casino games provider, in a move that aligns with its strategic goals.
Aristocrat Leisure, based in Sydney, will acquire Awager from funds managed by Oaktree Capital Management. The transaction, subject to regulatory approvals, is expected to close in the coming months. Awager, founded in 2010 and headquartered in Tel Aviv, specialises in creating immersive gaming experiences using dynamic camera angles, real-time player engagement features, and 4K video streaming. Aristocrat views Awager as a market leader in the US with significant growth potential post-acquisition. The acquisition will bring new capabilities to Aristocrat, complementing its existing offerings.
Prior to the acquisition, Awager was owned by institutional investors such as pension funds, insurance companies, and endowments, managed by Oaktree Capital Management.
Aristocrat Leisure's acquisition of Awager, expected to close soon, will expand its offerings with immersive live casino games. Aristocrat sees significant growth potential in Awager, which is a market leader in the US. The transaction, subject to regulatory approvals, is set to strengthen Aristocrat's position in the online gaming sector.
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