Aristocrat Technologies announced a major acquisition a few days ago when they purchased Video Gaming Technologies (VGT) for about $1.3 billion. According to Bloomberg this would triple Aristocrat’s slot machine space on casino floors in North America.
The acquisition would boost Aristocrat’s exposure to 28,400 machines from 8,200 in North America.
This should give Aristocrat more slot machines on casino floors in North America but you probably won’t notice. The majority of VGT’s slot machines are located in Native American casinos and smaller emerging markets across the United States.
Aristocrat is one of the slot machine manufacturers taking floor space away from IGT in larger casino markets like Vegas. While they may have paid a premium for VGT this all but makes them king of slot machine manufacturers on casino floors across America.
You probably won’t see major changes with Aristocrat in the near future but that should change over time. The revenue from this deal can make Aristocrat a serious player for major world-wide slot machine (include bingo and lottery games) licenses.
This is only just the beginning and it could really become a big deal for slot machine players and casinos alike.
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