{"id":1325,"date":"2024-11-12T13:44:56","date_gmt":"2024-11-12T14:44:56","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=1325"},"modified":"2024-11-14T15:04:27","modified_gmt":"2024-11-14T15:04:27","slug":"aristocrat-sells-mobile-gaming-developer-for-620m-to-focus-on-new-growth-strategy","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/11\/12\/aristocrat-sells-mobile-gaming-developer-for-620m-to-focus-on-new-growth-strategy\/","title":{"rendered":"Aristocrat Sells Mobile Gaming Developer for $620m to Focus on New Growth Strategy"},"content":{"rendered":"<div style=\"margin-top: 0px;margin-bottom: 0px\" class=\"sharethis-inline-share-buttons\"><\/div>\n<p>Aristocrat Leisure announced the sale of its Plarium Global Ltd special gaming division for $620m, with $600m coming immediately and $20m in April 2026. A further $200m payment depends on the company hitting financial targets between 2025 and 2028.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>Aristocrat bought Plarium in October 2017 for $500m<\/p>\n<\/blockquote>\n<p>Modern Times Group, a Sweden-based digital entertainment company, is the purchaser, and the two parties expect the transaction to conclude in the first half of 2025. Aristocrat bought Plarium in October 2017 for $500m, generating an \u201cinternal rate of return in the mid-teens\u201d during the span of its ownership.<\/p>\n<p>It plans to use the deal\u2019s proceeds to finance a new long-term growth strategy that came on the back of a strategic review that began in May. Aristocrat Leisure Managing Director and CEO Trevor Croker mentioned in the sale announcement that the company is focusing more on \u201cregulated gaming content and social slots.\u201d<\/p>\n<p>Another big focus going forward is in the United Arab Emirates (UAE) after becoming the <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2024\/10\/29\/aristocrat-becomes-first-gambling-technology-company-to-secure-uae-vendor-license\/\">first recipient of a vendor license<\/a> to supply land-based slots, online games, and relevant technology. Legal gambling is coming to the region, with <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2024\/10\/07\/wynn-resorts-becomes-first-operator-to-receive-uae-casino-license\/\">Wynn Resorts securing the only casino license to date<\/a>.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\/2024\/11\/12\/aristocrat-sells-mobile-gaming-developer-for-620m-to-focus-on-new-growth-strategy\/\">Aristocrat Sells Mobile Gaming Developer for $620m to Focus on New Growth Strategy<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\">Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >Aristocrat Leisure announced the sale of its Plarium Global Ltd special gaming division for $620m, with $600m coming immediately and $20m in April 2026. A further $200m payment depends on the company hitting financial targets between 2025 and 2028. Aristocrat bought Plarium in October 2017 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1325"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1325"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1325\/revisions"}],"predecessor-version":[{"id":1326,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1325\/revisions\/1326"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1325"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}