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Aristocrat has cleared all the necessary regulatory requirements to complete its acquisition of NeoGames, the company announced today.

The business has now cleared all gaming, anti-trust and foreign investment regulatory clearances required to complete the deal.

This included approvals from US regulators including the Louisiana Gaming Control Board and the Nevada Gaming Commission.

NeoGames shareholders are due to vote on the $1.2bn acquisition proposal on 25 April. If successful, the deal is expected to complete later that same day.

This will be the second time shareholders have voted on the merger, having already done so in July 2023, with 99% voting in favour.

The iLottery and iGaming provider’s board unanimously recommended the deal when it was first announced.

Once the deal completes, NeoGames will transfer its registered office from Luxembourg to the Cayman Islands.

The Nasdaq will suspend all trading of NeoGames shares from the close of business on 23 April.

Aristocrat aims to boost RMG

The May 2023 agreement saw the Australian gaming supplier look to boost its RMG capabilities to drive its growth strategy.

The company highlighted that the acquisition opened paths to succeed in the North American market, as well as other, more mature geographies.

Entry into the iLottery market was also highlighted by the business as being a complementary adjacency that could further drive RMG growth.

The merger would see Aristocrat combine its existing iGaming division, Anaxi, with NeoGames.

Aristocrat CEO Trevor Croker said at the time: “Through the acquisition of NeoGames and its industry-leading global online RMG platform, this transaction will deliver on our strategy by providing a portfolio of end-to-end solutions for iGaming, iLottery and online sports betting operators globally.

“We see great opportunities in the combination of our complementary businesses, with clear revenue and growth potential that comes with a complete and seamless online RMG solution.”

In its FY 2023 results published in March, NeoGames reported $254.6m in revenue for the one-year period and a net loss of $18.3m.

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