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NeoGames Enters into Definitive Agreement to be Acquired by Aristocrat for $29.50 per Share in Cash
NeoGames S.A., a technology-driven provider of end-to-end iLottery and iGaming solutions globally, has announced that it has entered into a definitive Business Combination Agreement (the “Agreement”) to be acquired by Aristocrat Leisure Limited, an entertainment and content creation company delivering world-leading mobile and casino games, for $29.50 per share in an all-cash transaction (the “Transaction”), representing an enterprise value of approximately $1.2 billion for NeoGames.
The transaction price represents a premium of approximately 104% over the volume weighted average price of NeoGames’ shares for the 3 months ending on May 12, 2023, the last trading day prior to the announcement of the Agreement.
“The NeoGames team has built a great company with a strong platform and differentiated assets and we are pleased that Aristocrat recognizes the value we’ve created as a leader across iLottery, iGaming and online sports betting,” said John E. Taylor, Jr., Chairman of the Board of Directors of NeoGames. “After careful consideration, the Board determined that Aristocrat’s proposal provides shareholders with compelling value, further validating the strength of the business that NeoGames has built. We are pleased to have reached this agreement, which we believe benefits all of NeoGames’ shareholders as well as our various stakeholders.”
Moti Malul, Chief Executive Officer of NeoGames commented, “I am tremendously proud of our entire team at NeoGames, as together we have established our leadership position, driving our success across iLottery, iGaming, and online sports betting. We are delighted that the team at Aristocrat recognizes the significance of what we have built, and the strategic opportunity to combine our complementary businesses. We firmly believe that this Transaction represents a great outcome for all of NeoGames’ shareholders, customers and employees.”
Under the terms of the Agreement, NeoGames has agreed to transfer its statutory seat, registered office and seat of central administration from Luxembourg to the Cayman Islands and, as promptly as practicable thereafter, a wholly owned subsidiary of Aristocrat will merge with and into NeoGames, with NeoGames being the surviving company and a wholly owned subsidiary of Aristocrat.
The Board of Directors of NeoGames unanimously approved the Agreement and has recommended the Transaction. Following the consummation of the merger, all outstanding ordinary shares of NeoGames will be cancelled and converted into the right to receive $29.50 per share in cash and NeoGames will become a privately-held company and no longer be listed on any public market.
Completion of the Transaction is expected to occur within 12 months, and is contingent upon customary closing conditions, including receipt of regulatory approvals and the approval of NeoGames’ shareholders. NeoGames shareholders who hold a total of approximately 20,382,242 shares, representing approximately 61% of NeoGames’ outstanding shares, have executed a support agreement with Aristocrat pursuant to which they have irrevocably agreed to vote in favor of the Transaction.
Stifel is acting as NeoGames’ financial advisor and Latham & Watkins LLP and Herzog Fox & Neeman are acting as legal counsel to NeoGames.
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MASTER THE ELEMENTS IN ZITRO’S LATEST RELEASE “SPIN FU”
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Blueprint Gaming introduces new Volcano feature in explosive Lava Lock Jackpot King™
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Blueprint Gaming has turned up the heat in its latest release, Lava Lock Jackpot King, with the sweltering title leading with a new Volcano feature and a host of refreshed modifiers for an enriched gameplay experience.
Pele, the goddess of volcanoes, takes centre stage in the 5×3, 30 payline slot. Landing solely on the central position, if she appears alongside a volcano scatter symbol, the newly introduced Volcano feature is triggered, which results in a respin where random positions turn into instant cash rewards.
The Hawaiian princess also holds the key to the Free Spins bonus. If landed, there is a chance that one or two of the Tiki heads above the reels will light up, resulting in either six or 12 Pele spins, respectively, with her position remaining fixed throughout the bonus round.
In an intriguing development to base play, the Pele symbol also has the power to grant rewards from locked symbols, including one of four in-game jackpots rising to 2,500x. Cash add, Pele add, and Cash spin also stand as three bonus modifiers available in both the main game and bonus game, optimising the chance for increased win potential.
The volcanic offering also offers the pull of the industry’s most recognisable and lucrative progressive jackpot systems, Jackpot King, ramping up the anticipation with an array of prize-filled pots.
Marking the award-winning studio’s latest addition to its offering, Lava Lock Jackpot King reinforces Blueprint’s ability to cleverly craft fresh themed, bountiful titles for its operators’ players to enjoy worldwide.
Jo Purvis, Director of Marketing, PR and Events, said: “Lava Lock Jackpot King showcases Blueprint’s commitment to constant creativity. By introducing the Volcano Feature and new gameplay mechanics, we have delivered another dynamic title that keeps our Jackpot King portfolio feeling fresh and energetic.
“With an array of immersive releases still to come during the festive months, our fiery Pele offering kickstarts November in style.”
The post Blueprint Gaming introduces new Volcano feature in explosive Lava Lock Jackpot King™ appeared first on European Gaming Industry News.
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Enhanced Collect Feature electrifies gameplay in Playson’s More Energy Coins: Hold and Win
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Collect Feature now active in base and bonus play for enriched win potential
Playson, the accomplished digital entertainment supplier, ups the ante in its electric new release, More Energy Coins: Hold and Win, with an enlarged 5×4 reelset, special Collect Feature and 10,000x Royal Jackpot supercharging the excitement on offer.
Inspired by Playson’s data-proven mechanics, the game’s starring Energy Bonus symbol unlocks the Collect Feature if it combines with any Bonus Symbol. In a thrilling twist, the Collect Feature adds the value of all Bonus and Energy Bonus symbols, including four in-game Jackpot Symbols, to the total winning for the spin in the Main Game or the Total Win in the Bonus Game.
Landing six Bonus Symbols, or their combination with an Energy Bonus Symbol, provides entry to the Hold and Win Bonus Game, where only Bonus and Energy Bonus Symbols are in play. Adding an extra dynamic to bonus play, fortunate players who fill the grid in its entirety will see the 10,000x Royal Jackpot awarded, offering an extra spark to win potential.
Players also benefit from the Pile of Gold Feature which can be randomly triggered by any Bonus Symbol landing on the reels during the Main Game. This feature adds Bonus and Energy Bonus symbols in quantity enough or more to activate the Bonus Game.
An Extra Bet Feature can also be activated, which applies a 1.5x multiplier to the player’s bet as well as increasing the chance of entry to Bonus play.
Playson’s thunderous release underlines the supplier’s expertise in advancing its portfolio with exciting twists, developing fresh concepts for operators’ players to enjoy worldwide.
Tamas Kusztos, CCO at Playson, said: “With More Energy Coins: Hold and Win, we have supercharged one of our most popular mechanics to deliver a truly immersive gameplay experience.
“The introduction of the Collect Feature in both base and bonus play, and easier access to the in-game jackpots, adds an exciting layer of unpredictability and win potential. This title reinforces our commitment to providing partners with titles that introduce stimulating new advancements, and enhance those that have already proven a success with players.”
The post Enhanced Collect Feature electrifies gameplay in Playson’s More Energy Coins: Hold and Win appeared first on European Gaming Industry News.
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