Long-standing speculation surrounding a potential acquisition between Aristocrat and electronic table game (ETG) specialist Interblock appears to be nearing confirmation. The gaming technology giant is preparing to finalize a deal reportedly worth around US$1 billion, with Macquarie Capital advising on the transaction.

Strategic expansion into the ETG segment:

According to The Australian, industry insiders have indicated that the agreement is in its final stages, with some suggesting the total deal value may actually approach US$1.3 billion. These rumors have been circulating for over a year but have intensified in recent weeks. Its attempts to seek comment from Aristocrat’s headquarters in both Australia and the U.S. were met with silence, a sign that tight non-disclosure agreements are likely in place.

A formal statement is anticipated in conjunction with Aristocrat’s next investor day, which is tentatively scheduled for May 2025.

If finalized, the Interblock acquisition would mark a significant step in Aristocrat’s effort to diversify and expand its gaming portfolio. While the company has an established presence in digital gaming and traditional slot machines across more than 90 countries, it has so far had limited involvement in the fast-growing ETG space.

Interblock, known for its innovative suite of electronic table games, would give Aristocrat a much-needed foothold in this area. Competitors like Light & Wonder, Aruze, and Spintec have already capitalized on the increasing demand for electronic versions of classic table games such as roulette and baccarat. By adding Interblock’s portfolio, Aristocrat would be in a stronger position to compete in this evolving segment.

Industry relevance of the move is also reflected in Interblock CEO John Connelly’s scheduled appearance on the May/June 2025 cover of Gaming America magazine—a sign that both companies are preparing for heightened visibility.

Part of a larger strategic realignment:

This pending acquisition follows a series of strategic decisions by Aristocrat aimed at streamlining operations and refocusing its portfolio. In May 2024, the company initiated a broader review of its assets, which led to the sale of its mobile game developer Plarium and a restructuring of its Big Fish business.

Additionally, Aristocrat recently entered into a partnership with Incentive Games through its Aristocrat Interactive division, expanding its distribution of free-to-play and real-money games. These moves all align with Aristocrat’s stated intention to invest in growth markets with long-term potential, such as electronic table gaming.

With no official confirmation yet, all eyes remain on Aristocrat’s upcoming investor event, where further details are expected to be disclosed. Until then, the deal remains unconfirmed but widely anticipated within industry circles.