SOURCE: Aristocrat Leisure Ltd
SYDNEY, AUSTRALIA--(Marketwire - Nov 12, 2012) - Aristocrat Leisure Ltd has announced an agreement with GameAccount Network ("GAN") by which Aristocrat will assume full ownership of the award winning nLive™ platform solution.
The agreement encompasses the purchase of GAN's internet gaming system ("IGS") and remote game server ("RGS"). GAN, a UK-based and privately held firm, owns and operates an internet gaming platform, powering online casinos in regulated jurisdictions. Aristocrat and GAN previously entered into a partnership to provide internet gaming platform services and solutions to North American operators via the nLive™ platform.
Aristocrat CEO and Managing Director Jamie Odell said this transaction positions Aristocrat to benefit as the online gaming segment gains momentum over the medium term, and represents a significant milestone in the execution of our online strategy.
"The nLive™ platform is an integral part of our plans -- offering land-based operators a turn-key, wager ready, 'virtual casino' online. Since its launch in the U.S. in April, nLive™ has delivered impressive results and generated strong customer interest.
"This acquisition delivers two advantages to Aristocrat. Firstly, it bolsters our position in regulated gaming markets around the world by facilitating more rapid content distribution through an RGS. Secondly, it positions us well in the critical U.S. market, where we will assume full ownership of the nLive™ IGS.
"We are committed to extending our market leading Casino Management Systems capabilities into the digital space, thereby expanding the view of the player for our customers, enhancing the player journey and delivering quality content through a 'wager-ready' digital platform," concluded Mr. Odell.
"Full ownership of the platform is the next logical step in Aristocrat's digital strategy. It provides the ability to innovate in the nLive™ platform, distribute Aristocrat's great content across multiple channels and meet the growing needs of our customers," added Manjit Gombra Singh, Senior Vice President -- Enabling Technologies.
Aristocrat Leisure Limited (ASX: ALL) is a leading global provider of gaming solutions. The Company is licensed by more than 200 regulators and its products and services are available in over 90 countries around the world. Aristocrat offers a diverse range of products and services including electronic gaming machines, interactive video terminal systems and casino management systems. For further information visit the company's website at www.aristocratgaming.com