129 Views

Aristocrat finalizes $500m Plarium acquisition

Australian gambling machine manufacturer, Aristocrat Leisure Ltd (ALL:ASE), on Oct. 20, 2017, reportedly finalized its acquisition of Israeli social gaming company Plarium Global Limited.

The deal to purchase the privately owned, free-to-play social, mobile and web-based developer for $500 million (€423.5m) cash was first announced by Sydney-based Aristocrat in August.

According to the press release, all of the necessary regulatory approvals, and other approvals having to do with the acquisition have been secured by Aristocrat. The games manufacturer will now reportedly take ownership of the company that was founded in 2009 and is headquartered in Herzliya, Israel.

Plarium has in its employ upwards of 1,200 people across five genre-specific studios and several offices throughout the US, Europe and Israel.

Managing director for Aristocrat, Trevor Croker, said: “This acquisition is truly compelling as it increases our presence in the high-growth mobile gaming market and substantially increases the digital segment’s pro forma earnings contribution to Aristocrat.

Croker went on to say that the acquisition reiterates the firm’s commitment to the pursuit of “high growth adjacencies” and growing their recurring revenue base.

He added, “Importantly, the acquisition is expected to be EPSA accretive in year one and key management personnel have remained in the business. “We are delighted to have Plarium and its exceptionally talented team join the Aristocrat family; we look forward to continue building our already very successful digital business together, for the benefit of Aristocrat’s shareholders and other stakeholders.”

Founded in 2009, Plarium’s Vikings: War of Clans is reportedly its most popular game to date having ranked in the top 10 grossing strategy games repeatedly since its launch. Other multiplayer online games Plarium is known for include Stormfall, Terminator Genisys: Future War, Soldiers, Inc. and Sparta: War of Empires.

Aristocrat finalizes $500m Plarium acquisition was last modified: October 24th, 2017 by K Morrison


Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Latest Posts

Philippines charges Chinese businessman Jack Lam with bribery
Latest Casino and Gambling News
290 views
Latest Casino and Gambling News
290 views

Philippines charges Chinese businessman Jack Lam with bribery

SPFadmin - October 30, 2017

In the Philippines, Chinese businessman Jack Lam is reportedly facing the possibility of spending up to five years in prison after being charged by the nation’s Office…

Sept. lottery sales in China get a 15 percent boost from sport betting
Latest Casino and Gambling News
295 views
Latest Casino and Gambling News
295 views

Sept. lottery sales in China get a 15 percent boost from sport betting

SPFadmin - October 30, 2017

According to China’s Ministry of Finance, total sales from official lottery products in Mainland China during the month of September increased by 15.1 percent from the same…

Innovative online casino service launched by Asia Live Tech
Latest Casino and Gambling News
248 views
Latest Casino and Gambling News
248 views

Innovative online casino service launched by Asia Live Tech

SPFadmin - October 30, 2017

Cambodian land-based casino operator and iGaming technologies firm Asia Live Tech has premiered an innovative service for clients that are interested in opening and running their very…

Macau Billionaire Poker to host new event Oct 25 & 26
Poker
250 views
Poker
250 views

Macau Billionaire Poker to host new event Oct 25 & 26

SPFadmin - October 30, 2017

This month, the Babylon Casino located at Macau Fisherman’s Wharf will play host to a new tournament ahead of the 2017 Boyaa Poker Tour Macau Finals. The…

Stratosphere casino to shut down free-play online gaming site
Latest Casino and Gambling News
238 views
Latest Casino and Gambling News
238 views

Stratosphere casino to shut down free-play online gaming site

SPFadmin - October 30, 2017

Back in June, it was announced that American Casino & Entertainment Properties LLC, owner of the Las Vegas casino the Stratosphere, would be acquired by Golden Entertainment,…

Scientific Games awarded Kansas Lottery’s 10-year Systems Contract
Gaming Industry News
293 views
Gaming Industry News
293 views

Scientific Games awarded Kansas Lottery’s 10-year Systems Contract

SPFadmin - October 30, 2017

Las Vegas-based lottery service and casino equipment provider Scientific Games Corporation (NASDAQ: SGMS), has been awarded a new 10-year contract by the Kansas Lottery for lottery gaming…

Camilla Rosenberg named new head of Swedish Gambling Authority
Latest Casino and Gambling News
326 views
Latest Casino and Gambling News
326 views

Camilla Rosenberg named new head of Swedish Gambling Authority

admin - October 30, 2017

The Government of Sweden has named Camilla Rosenberg as the new head of the country’s Gambling Authority. In September 2015, Rosenberg first came to the Swedish Gambling…

2017 WSOPE increases Main Event guarantee; top prize now €1,000,000
Poker
249 views
Poker
249 views

2017 WSOPE increases Main Event guarantee; top prize now €1,000,000

admin - October 29, 2017

Poker players are already looking forward to the 2017 World Series of Poker Europe for a number of reasons. First, the event is taking place at King’s…

Excalibur Hotel and Casino to premiere new Ultimate 4-D Experience
North America Casino News
277 views
North America Casino News
277 views

Excalibur Hotel and Casino to premiere new Ultimate 4-D Experience

admin - October 28, 2017

In Las Vegas, MGM Resorts International has announced that its Excalibur Hotel and Casino will soon debut the new Ultimate 4-D Experience attraction at its Fun Dungeon…

SG Interactive brings Sword of Destiny to online casinos
Latest Casino and Gambling News
291 views
Latest Casino and Gambling News
291 views

SG Interactive brings Sword of Destiny to online casinos

admin - October 24, 2017

After introducing its Sword of Destiny title to land-based casinos in July, American gaming machine innovator Scientific Games Corporation has announced that its SG Interactive subsidiary has…