Aristocrat Leisure Limited has secured a deal to purchase Awager Ltd, a firm renowned for its innovative live slot streaming technology, from funds overseen by Oaktree Capital Management, L.P. The financial terms of the acquisition remain confidential and are contingent upon regulatory approvals before finalization.
Awager is a key player in the regulated live slot streaming industry, enabling players to enjoy real-time casino gameplay through digital platforms. The company offers gaming operators a compelling channel to engage with online audiences, leveraging third-party content and exclusive agreements with prominent iGaming platforms.
Based in Israel, Awager employs approximately 75 individuals across Israel, Eastern Europe, and the United States. The company has carved a significant niche in the U.S. market and is recognized as a pioneering entity in the burgeoning live slot streaming arena. The deal is anticipated to finalize in the upcoming months.
For Aristocrat, this acquisition is part of a broader initiative to penetrate the digital and online gaming markets. The incorporation of Awager’s technology and market presence is set to bolster Aristocrat’s distribution capabilities and enrich its content portfolio in the U.S.
This acquisition follows a string of strategic initiatives from Aristocrat in recent months. In June, its interactive division fostered a six-year partnership with the Michigan Lottery. In September, the company unveiled an exclusive collaboration for a slot area with the Plaza Hotel & Casino in Las Vegas. Moreover, Aristocrat has made several key leadership appointments, including Dylan Slaney as Interactive CEO and Michael Daly as Senior Vice President.
Awager’s technology is engineered to seamlessly connect land-based and online casino experiences, offering a cohesive gaming environment that distinguishes itself from traditional iGaming solutions. Financial advisors for this venture included UBS for Aristocrat and Moelis & Company LLC for Oaktree.
Aristocrat shares were trading at AU$68.95 ($45.45) at 16:10 p.m. BST, reflecting a 1.32% decrease from the day’s opening value. This announcement follows closely after Aristocrat’s recognition with three awards at the Global Gaming Awards Americas.