Aristocrat Leisure Limited has announced that the sale of its subsidiary Plarium Global to Modern Times Group (MTG) has been completed.
The sale was initially announced in November 2024 and was part of a strategic review of Aristocrat’s casual and mid-core gaming assets.
The sale price was $620 million, and Aristocraft Leisure will receive $170 million in performance-related bonuses should Plarium achieve predefined sales targets in 2028.
Updating investors, the company outlined that sale proceeds will be deployed “consistent with Aristocrat’s long-term growth strategy and established capital management framework.” The Annual General Meeting takes place next week, on 20 February 2025, and the board plans to provide a further update on capital management.
Aristocrat Restructures Big Fish Games Following Strategic Review
As part of the Group’s strategic review, Aristocrat has announced the restructuring of Big Fish Games operations. The internal investment will be “significantly reduced,” and instead, the studio will focus solely on the “continued, efficient and profitable” operation of its existing titles.
Following the strategic review, Aristocrat’s corporate reporting will also shift. Pixel United’s remaining corporate team structure and reporting will be dissolved, effective for the six months to 31 March 2025. In place of Pixel United will be Product Madness, which will include results from the Group’s core social slots business and Big Fish Games.
From an accounting perspective, Plarium’s results will be excluded from the calculation of Net Profit after Tax and Before Amortisation of Acquired Intangibles.
Trevor Croker, Chief Executive Officer and Managing Director of Aristocrat commented: “With the completion of the strategic review of our casual and mid-core gaming assets, Aristocrat is well placed to accelerate our refreshed growth strategy. We are deepening management focus and targeting investment behind our core strengths in regulated gaming and gaming-themed content to unlock new and adjacent opportunities across global markets.”
He continued: “The outcomes of the review reflect Aristocrat’s ongoing focus on driving shareholder value, with the benefit of clear choices and a commitment to growth.”
Aristocrat Eyes Global Expansion for Licensed NFL Slot Machines
Last month the Aristocrat Gaming segment of the group announced the expansion of its NFL-themed slot portfolio outside of continental United States of America.
Thirteen of Puerto Rico’s brick-and-mortar casinos now boast Aristocrat’s NFL Triple Score game on the Jackpot del Encanto link. The game features a progressive jackpot on the link and begins at $20,000, rising as more people play.
The company plans to broaden the reach of its officially licensed NFL slots to Latin America and Europe later in 2025.
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