Aristocrat To Build Their Own Version Of Playtech

Trevor Croker CEO of Aristocrat

After the failed attempt by Australian based gaming company Aristocrat to acquire Playtech for some $4 billion their chief executive has said the company will now build their own real money gaming (RMG) company from scratch.

Aristocrat were so close to acquiring Playtech for so long but in the end a group of Asian investors purchased increasing amounts of Playtech shares at a higher price to block the Aristocrat deal and ultimately failed.

That has left the Australian based company with a dilemma do they look for another suitable acquisition or decide to go it alone and build their own.

Well originally Trevor Croker the Aristocrat chief said that building their own RMG would take five or six times longer than acquiring a suitable company and almost certainly 1.5 times more expensive, that is why they decided to go for Playtech.

However with the failure has come a new strategy that of build it yourself, according to Mr Croker Aristocrat will look to invest $1.3 billion in doing so, that money that was part of the Playtech deal they raised will now be used to develop their own RMG company.

Already installed as its new CEO is Mitchell Bowen who will lead the development and possible strategic acquisitions if needed to boost the companies growth further.

There was a negative reaction to the news on the companies share price falling 5.7% to $36.6 a share but Mr Corker said the fall was most likely to do with the escalation in war with Russia and Ulraine and not the Aristocrat development of its own RMG company.