NORTH RYDE, AUSTRALIA – Aristocrat has confirmed that all conditions and requirements for closing under its agreement to acquire Neo Group, formerly known as NeoGames S.A., have been satisfied and that the acquisition has now completed. The acquisition was supported by NeoGames shareholders at the second shareholder meeting, with the required majority voting in favor of all proposals relating to the acquisition.
Aristocrat’s proposal to acquire NeoGames was announced in May 2023. NeoGames is a leader in content and technology solutions for online Real Money Gaming (RMG), with a full- service offering that includes content, proprietary technology platforms and a range of value added services across iLottery, iGaming and Online Sports Betting (OSB). The acquisition of NeoGames advances Aristocrat’s ‘build and buy’ strategy, positioning the group to compete in online RMG verticals globally.
New Business Unit Name
The combined Anaxi and NeoGames operations will be managed as a single, integrated business going forward under the name Aristocrat Interactive.
Leadership Arrangements
Moti Malul, CEO of NeoGames, has been appointed CEO of Aristocrat Interactive. Malul will report to Trevor Croker and joins Aristocrat’s executive leadership team.
Malul is a proven iGaming and iLottery executive with over 15 years of experience within the NeoGames. He spearheaded the growth of the NeoGames iLottery business, and the completion of successful M&A, which transformed the business into a Nasdaq-listed public company across key online RMG verticals prior to acquisition by Aristocrat. Malul will join Aristocrat along with many leaders from the NeoGames business.
Having led the delivery of Aristocrat’s ‘build and buy’ strategy to enter online RMG at scale, including the successful acquisition of NeoGames, Mitchell Bowen (CEO, Anaxi) is stepping down from his executive role, effective immediately. Bowen will continue to assist Aristocrat in an advisory capacity through to the end of calendar year 2024, supporting the business’ strategic priorities and ensuring a smooth transition.
“We are thrilled to welcome NeoGames to Aristocrat,” said Trevor Croker, Aristocrat CEO. “The acquisition of NeoGames and its leading global online RMG platform 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.