Morgans had been expecting a significant acquisition from
The company is seeking to acquire online RMG platform and technology provider NGMS for an enterprise value of -
In the analyst's opinion, Aristocrat has some of the best iGaming content globally, and it will now be able to use NGMS's platform to deploy that content, while also accelerating NGMS's growth across its various verticals.
Morgans assumes the acquisition completes in the middle of FY24 and raises its target price to
Sector: Consumer Services.
Target price is
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