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

AustraliaFriday, Aug 18, 2017

The Star Casino will be allowed to give credit to international high-rollers in the same way as Crown will under the government’s proposed new set of casino regulations.

AustraliaThursday, Aug 17, 2017

The Australasian Gaming Expo’s return to where it started 28 years ago at Darling Harbour, has been an outstanding success.

AustraliaWednesday, Aug 16, 2017

A ticket-in, ticket-out system could be introduced to slot machines in clubs in Victoria, sparking an uproar from anti-gambling groups.

AustraliaWednesday, Aug 16, 2017

Over 3,000 key industry executives from the Gaming and Hospitality Industry gathered for the first day of the 28th Australasian Gaming Expo at the ICC Sydney at Darling Harbour.

AustraliaTuesday, Aug 15, 2017

Australia-listed Donaco International, which operates casinos in Vietnam and Cambodia, says it has signed an accord with Mega International to refinance a loan facility with Mega Bank.

AustraliaTuesday, Aug 15, 2017

PokerStars will leave the Australian market in September after the Senate passed a bill earlier this month that bans all remote operators from offering online poker and in-play sports betting to Australian clients.

AustraliaThursday, Aug 10, 2017

AGS invites casino operators from around the country to experience some of its top-performing table game products, which the company plans to begin widely offering in Australia.