Aristocrat Leisure has agreed a deal to acquire online live casino games provider Awager for an undisclosed amount.
Headquartered in Tel Aviv, Awager was founded in 2010 and utilises dynamic camera angles, real-time player engagement features and 4K video streaming to create an immersive and authentic gaming experience for players.
Subject to the receipt of regulatory pre-approvals, Aristocrat will acquire the supplier from funds managed by Oaktree Capital Management.
“Awager offers gaming operators a new digital channel to engage and entertain players, delivering a genuine, real-time casino gameplay experience leveraging a portfolio of third-party content,” said Aristocrat.
“With innovative technology and exclusive distribution agreements with top iGaming platforms, Awager is already a clear market leader in the US, with significant scope for growth with the benefit of premium Aristocrat content and distribution networks, post-acquisition. The acquisition of Awager will bring new capabilities in line with our strategy.”
The transaction is expected to close in the coming months.
Shares in Aristocrat Leisure Ltd (ASX:ALL) closed 1.29 per cent lower at A$68.06 per share in Sydney Wednesday.