M&A
Aristocrat's $3.7B Playtech bid underscores appetite for sports betting
October 18, 2021
UK-listed betting software company Playtech has accepted a £2.7 billion (about $3.7 billion) takeover offer from Aristocrat, an Australian maker of slot machines and gaming content. The deal comes less than a month after US sports betting group DraftKings offered to acquire London-listed rival Entain (formerly GVC Holdings) for £16.4 billion, topping a competing offer from casino operator MGM worth £8 billion.