Aristocrat Leisure and Hong Kong-based Gopher Investments are bidding for UK online gaming software provider, Playtech. Ord Minnett feels Aristocrat Leisure offers the best strategic fit, largely due the company's industry-leading content.

Should a bidding war breakout, the analyst sees short term share price volatility though believes Aristocrat leisure will ultimately be the winner. The Accumulate rating and $51 target price are retained.

Sector: Consumer Services.

Target price is $51.00.Current Price is $47.39. Difference: $3.61 - (brackets indicate current price is over target). If ALL meets the Ord Minnett target it will return approximately 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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