Interblock, an industry leader in gambling technology, is set to expand its influence in the US market through the purchase of electronic table game (ETG) assets from Aruze Gaming America. This deal forms part of Interblock’s ongoing development plan.
Significantly bolstering Interblock’s offerings, the Aruze ETG product line will be incorporated into their portfolio. This deal also allows Interblock to absorb more than 700 employees from Aruze, marking a substantial expansion of its workforce.
As the deal inches closer to finalization, more specifics regarding the transaction will be disclosed, Interblock revealed. Legal representation for Interblock during this acquisition is being handled by Kirkland & Ellis LLP.
John Connelly, the chief executive of Interblock, expressed his anticipation for the merger, stating, “The Aruze acquisition creates a significant portfolio of innovative synergies we intend to bring to the market before the end of this calendar year.” He continued, “Aruze Gaming provides us with a new level of diversity we feel will accelerate our vision to make Interblock synonymous with table game technology. This acquisition empowers us to offer a broader range of high-quality, innovative gaming solutions to our valued partners in both a traditional and online offering.”
It’s worth noting that this deal comes hot on the heels of Play Synergy’s acquisition of Aruze’s land-based and online slot operations. This preceding sale is projected to finalize within the coming month.
These transactions follow Aruze’s February filing for bankruptcy. Aruze’s CEO, Yugo Kinoshita, cited a recent judgment against the company resulting from a separate judgment against an Aruze shareholder as the cause for the bankruptcy filing.
Further changes in the company’s structure include the closure of Aruze’s Las Vegas office, which is estimated to result in approximately 100 job losses.
The post Interblock Boosts Growth Strategy with Acquisition of Aruze’s ETG Assets appeared first on iGaming.org.