Aristocrat Eyes $1B Interblock Buy to Boost ETG Market Share
Aristocrat Leisure, an Australian gaming giant, is reportedly nearing a deal to acquire Interblock, a leader in electronic table games (ETGs), for an estimated $1 billion, with some sources pegging the value as high as $1.3 billion.
A Big Move in Electronic Table Games
Macquarie Capital is advising Aristocrat, and negotiations are in advanced stages, per The Australian. Both companies have stayed silent, likely bound by strict non-disclosure agreements, but a formal announcement is expected around Aristocrat’s investor day in May 2025.
The deal, if finalized, would mark a bold step for Aristocrat’s $3 billion gaming division, expanding its reach in the fast-growing ETG sector.
The acquisition aligns with Aristocrat’s push to diversify beyond its core slot machine and digital gaming businesses, which operate in over 90 countries.
Interblock’s portfolio, including roulette and baccarat ETGs, serves 234 jurisdictions and recently expanded into Latin America with Reel Roulette at Hipódromo Argentino de Palermo.
With the global ETG market projected to hit $2 billion by 2028, per Gaming Law Review, Aristocrat aims to grab a bigger slice against rivals like Light & Wonder and Spintec.
Strategic Fit for Aristocrat
Aristocrat’s limited ETG presence makes Interblock a strategic fit. Interblock’s luxury multi-player devices, known for high engagement, could help Aristocrat scale operations and attract new casino clients.
The deal would diversify Aristocrat’s offerings, which generated $4.1 billion in 2024 revenue and strengthen its edge in a sector where competitors already thrive.
The timing’s notable. Aristocrat’s 2024 strategic review led to divestitures like Plarium for $790 million, refocusing on gaming tech.
Interblock, acquired by Oaktree Capital in 2022, brings a proven track record, with innovations like stadium gaming platforms showcased at 2023’s Global Gaming Expo. The acquisition could add $200 million to Aristocrat’s annual revenue, while boosting its 10% ETG market share in North America.
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