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Latham Advises NeoGames on its US$1.2 Billion Sale to Aristocrat Leisure Limited

May 15, 2023
Multidisciplinary team represents the iLottery and iGaming solutions provider in landmark deal.

Latham & Watkins has advised NASDAQ-listed NeoGames (NASDAQ: NGMS), a technology-driven provider of end-to-end iLottery and iGaming solutions, on its definitive Business Combination Agreement to be acquired by Aristocrat Leisure Limited, an entertainment and content creation company delivering world-leading mobile and casino games, for US$29.50 per share in an all-cash transaction, representing an enterprise value of approximately US$1.2 billion for NeoGames.

NeoGames is a technology-driven innovator and a global leader of iLottery and iGaming solutions and services for regulated lotteries and gaming operators, offering its customers a full-service suite of solutions, including proprietary technology platforms, two dedicated game studios with an extensive portfolio of engaging games and a range of value-add services.

The Latham team was led by corporate partners Joshua Kiernan in London, Josh Dubofsky and Leah Sauter in New York, with associates Gilad Zohari in Tel Aviv, and Adam Deutsch and Jordan Wampler in New York. Advice was provided on tax matters by Washington partner Nicholas DeNovio, with associates Robert Christoffel and Abigail Friedman; on employee benefits matters by Washington partner Adam Kestenbaum and Houston counsel Krisa Benskin; on intellectual property matters by Boston partner Sarah Gagan, with associate Pelin Serpin; on privacy and cyber matters by San Francisco partner Rob Blamires and London partner Gail Crawford, with London counsel Danielle van der Merwe and associate Kiara Vaugh. Advice on regulatory matters was provided by Washington partners Ian Connor and Les Carnegie, with Hamburg counsel Jana Dammann, Brussels counsel Wesley Lepla, and Washington counsels Ruchi Gill and Peter Todaro, with associates Enrique Fayos de Arizon and Elliot Hecht. Advice on anti-bribery/corruption was provided by London partner Nathan Seltzer, with associate Taylore Zarth; and on finance matters by London partner Jay Sadanandan, with associates Hayden Teo and Khayam Amin.