Aristocrat Leisure has agreed to acquire online live casino games provider Awager from funds managed by Oaktree Capital Management. The deal is subject to regulatory pre-approvals and is expected to close in the coming months; the price was not disclosed.
Regulatory pre-approvals remain a condition of the deal, while the undisclosed price limits assessment of Aristocrat’s acquisition costs.
Financial year ended 30 September 2025
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Jefferies analyst Kai Erman said SciPlay’s performance is an investor concern for Light & Wonder, while expecting the unit to be no greater an impediment in 2027 than in 2026. Erman considered 6% revenue growth for SciPlay optimistic against Light & Wonder’s expectation that it would grow more slowly than the wider market, and said a turnaround could take up to a year.
The pace of gambling revenue growth and the drag from Light & Wonder's SciPlay social-casino unit were investor concerns, according to Jefferies Equity Research analyst Kai Erman. He acknowledged uncertainty around SciPlay but thought it unlikely to pose more of an impediment in 2027 than in 2026.
The AGEM Index rose 16.4% in October to 2,108.59 points, its highest level in the tracked history, according to an announcement. All nine constituent companies recorded share-price gains; Konami contributed the largest increase, adding 150.45 points after its share price rose 23.3%.
Light & Wonder reported third-quarter net income of US$133 million, up 16.7% year on year, on revenue of US$824 million, down 2.0%. The company also appointed Matthieu Labbat chief executive of SciPlay, effective immediately; Labbat previously led Product Madness at Aristocrat Leisure.
Jefferies analyst Kai Erman said Aristocrat Leisure remains the leading slot supplier while Light & Wonder has room to grow share, in an investor note. Erman cited Aristocrat's 30% floor share and 50% handle share, and pointed to Light & Wonder's leased, charitable and international opportunities.
Aristocrat Interactive signed a brand licensing agreement with Gaming Realms, citing a Tuesday announcement. The agreement covers development of Slingo versions of Aristocrat’s Buffalo and Mo’ Mummy games.