Aristocrat to buy mobile gaming company

Gaming supplier Aristocrat Leisure has announced it is planning to acquire an Israeli social-gaming company Plarium for US$500 million, increasing the company’s overall exposure to the digital market.

In a filing to the Australian Stock Exchange, Aristocrat said the deal would “significantly expand Aristocrat’s Digital addressable market into adjacent gaming segments.”

“Plarium has proven content, ability to monetize social games and global game development talent across multiple studios,” said the company in a statement.

Headquartered in Herzliya, Israel, Plarium is a privately owned free-to-play mobile, social and web-based game developer. It has over 1,200 employees across five studios as well as multiple offices throughout Europe, Israel and US.

The company is known for games including War of Clans, Future War, Stormfall: Rise of Balur, and Soldiers Inc: Mobile Warfare.

More news from this jurisdiction

AustraliaWednesday, Mar 21, 2018

Billionaire James Packer has stepped down from the board of Crown Resorts citing mental health problems.

AustraliaFriday, Mar 16, 2018

From March 30th, most television channels in Australia will be banned from showing gambling ads during live sports events between 5 a.m. and 8.30 p.m.

AustraliaMonday, Mar 12, 2018

Proposed changes to NSW slot machine laws could increase the number of machines in high-risk areas and increase gaming industry profits by A$80 million ($62.9 million) a year, say opponents.

AustraliaSunday, Mar 11, 2018

The Australian media watchdog is investigating an Australian-registered sports gambling website which allows punters to place bets with bitcoin.

AustraliaSunday, Mar 11, 2018

Australian greyhound racing authorities have charged four men for illegally exporting greyhounds to mainland China and Macau.

AustraliaThursday, Mar 08, 2018

The government of New South Wales has called for public feedback as to whether it should update its wagering taxes to target online gaming.

AustraliaWednesday, Mar 07, 2018

Paddy Power posted a 13 percent gain in 2017 revenue, helped by a strong performance from its Australian online betting brand Sportsbet.