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Aristocrat Signs an Acquisition Deal with the Gaming Content Supplier Roxor

29 september 2022
Author: James Burton
Source: www.yogonet.com
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A profitable deal was announced by Aristocrat, which foresees the enterprise acquiring a fellow supplier Roxor Gaming. It is owned by Anzo Group, which is located in London.

Aristocrat and Roxor make a deal

Although the agreement was already signed, the businesses are not disclosing its worth just yet.

Details of the Contract

According to Aristocrat’s statement, the new acquisition will make its plans of growing and expanding in the online RMG field more fulfillable.

Roxor’s new technologies have already reached the market of the following regions:

These inventions are a modern way to boost the current generation of games.

The Roxor deal foresees the acquisition of its 2 main development studios. This will help Aristocrat’s team meet all the needs regarding talented specialists in the field of technologies and product management.

The acquired company’s employees are mostly London-based. There are about 100 specialists. The firm can also boast of a wide affiliate network of experienced professionals that Roxor brings to the bigger group.

Here are more things to know about the deal:

  • the procedure of acquisition will likely end at the beginning of 2023 when all the requirements for it will be met;
  • Aristocrat is planning to pay for the operation with its cash;
  • the group will not experience any big financial loss from it.

Before the deal, Roxor used to be a subsidiary of Gamesys. Later, it began functioning independently and started producing content with plans for expansion worldwide. By working together with this company, Aristocrat took a step towards exhibiting itself even more in the online gambling field.

Comments from Roxor

Noel Hayden, the official from the acquired company who co-established it in 2019, has expressed delight in signing the deal. In the founder’s opinion, his company and Aristocrat suit each other ideally as collaborators.

Mr Hayden said that Roxor is a very significant project for him, and the time the expert and the team spent there creating games is extremely valuable. In conclusion, he expressed pure excitement about the new beginnings of the company.

Another representative of the group, Josh Morris, commented on the deal, saying that it came at just the right time for Roxor. The group was already strongly focused on expansion through collaborations in various markets.

In his words, Aristocrat is a globally successful group, which can be a benefit in the long run. Mr Morris considers the 2 enterprises to be capable of building something extraordinary together.

Aristocrat’s Response

Mitchell Bowen from Aristocrat responded to the new partner company’s statements by saying that Roxor is an incredible fit for his group. The enterprise has taken a significant step forward by collaborating with talented developers from the partner business.

To conclude, Mr Bowen:

  • voiced his high expectations towards mutual work;
  • praised the highly gifted employees from Roxor.

Before this deal, Aristocrat announced lucrative cooperation with the New England Patriots, the team from the NFL. This makes the group an official partner of the stadium where the football squad usually plays.

To add to that, the company announced the creation of a multi-year licensing deal, according to which, NFL-focused land-based slots will be built. The customers who try these out will be able to choose teams and attempt to win impressive money by playing as their favourite footballers.

To learn more gambling-related news and order top providers' software or equipment, please contact Casino Market experts.

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Source: www.yogonet.com
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