Menu

Financial

Aristocrat, Gopher, JKO Show Interest in Playtech Acquisition

- November 25, 2021 By Riley Wilson -

Snaitech records excellent results in 2019, say the latest numbers

For the past few months, the industry has been awash with news of Playtech’s new ownership. So far, multiple major companies and investment funds have approached the software developer with various offers.

Playtech, Aristocrat, and Initial Offers

Intentions to sell off Playtech from its current publically-traded status have been brewing for some time now. Considering the size and importance of the Isle of Man-based company, these decisions could be important for the industry as a whole.

Initial reports were spread in mid-October 2021, with Aristocrat Leisure Ltd. named the most likely new offer. The Australian slot machine maker wanted to get into the increasingly lucrative online gambling market. At the time, the offer was placed at $3.7 billion.

However, the rapidly growing profitability of the industry kept attracting new possible investors.  The next major offer was made by Hong Kong-based Gopher Investments, which was already a major Playtech shareholder. Totaling over $4 billion, this offer seemingly opened up new possibilities for Playtech.

As a result, the future of the developer’s ownership is uncertain. Not that it hasn’t been working out for Playtech, mind you. The company’s shares have risen over 70% between October 15 and November 17.

JKO Enters The Bidding

On November 5, 2021, more speculation arose about the newest preliminary approach by competitor JKO Play Limited. At the time of this post’s publishing, JKO merely sought access to due diligence information. However, it’s clear that they’re quite open to the possibility of acquiring Playtech.

So far, only one relevant official announcement was made:

“Discussions with JKO are at an early stage and ongoing. As such, there can be no certainty that JKO’s approach will result in an offer for the Company, nor as to the terms on which any offer might be made.”

Considering the size and importance of this possible transaction, we’ll make sure to report on any developments as they occur.

YOU MIGHT BE ALSO BE INTERESTED IN THESE:

LATEST NEWS

New Jersey Gambling Licence Renewal

New Jersey Gambling License Renewal Deadline Approaching [...]

santas great gifts slot

Get Ready for Christmas With Santas Great Gifts by Pragmatic Play [...]

woodlanders slot betsoft

Explore a Fairy Forest in the Woodlanders Slot by Betsoft [...]

MORE INTERESTING ARTICLES

No deposit casino bonuses

Your Guide to the Leading No Deposit Casinos for Conquest [...]

choosing the right casino

Is Picking The Right Casino That Important? [...]

New Zealand Casino legal

Legal Aspects of Online Casinos in New Zealand [...]

BACK TO TOP

Receive Exclusive Bonuses, Promotions & News

Never miss a good casino promotion again! Add your email to our mailing list and receive some exclusive casino bonuses, promotions & updates straight to your inbox.