Aristocrat has confirmed the completion of its acquisition of NeoGames after a successful shareholder vote, with new company Aristoctrat Interactive created from the deal.
Aristocrat said the acquisition was “overwhelmingly supported” by NeoGames shareholders at the second shareholder meeting.
The development came after Aristocrat announced last week that all regulatory requirements for the US$1.2bn move had been met, allowing the deal to progress.
Aristocrat’s Anaxi will now combine with NeoGames and be managed as a single, integrated global business called Aristocrat Interactive, Aristocrat said.
Current NeoGames CEO Moti Malul will become Anaxi Interactive CEO and will report to Aristocrat CEO Trevor Croker.
Mitchell Bowen, Anaxi's current CEO, is subsequently stepping down but will continue to advise Aristoctat until the end of this year.
Croker said the acquisition of NeoGames “adds to our increasing organic capabilities and will ensure that we deliver on our strategy by providing a portfolio of end-to-end solutions for igaming, ilottery and OSB operators globally.”
“I also congratulate Moti Malul on his appointment as CEO of Aristocrat Interactive, and also welcome NeoGames’ talented leaders and broader team of 1,200 people around the world to our business,” he said.
“Moti has worked closely with many of our leaders over the past 12 months through the successful acquisition and integration planning process, and will transition seamlessly into his expanded role.”
Aristocrat will now submit financial reports in three primary segments: Aristocrat Gaming, Pixel United and Aristocrat Interactive.
