Jason Ader exclusive Nothing preventing IGT Apollo or Scientific Games bidding for Playtech
Jason Ader, Playtech’s largest shareholder, is hoping for a higher bid for the industry stalwart following Aristocrat’s $2.9bn agreement with the supplier.
The boards of Aristocrat and Playtech recently agreed terms on what would be another mega-merger for the gaming sector – and Ader insists he is “so happy” with the deal.
It hasn’t stopped Ader from encouraging offers from other industry giants, however, such as IGT, Apollo Global Management and Scientific Games.
He exclusively told Gaming America: “There’s nothing preventing IGT, Apollo or Sci Games from looking at this business and seeing, unlike most, it’s very profitable, it’s a very unique collection of assets.
“If £6.83 ($9.41) per share becomes the final price, we’re still so happy with that, but I’ll probably become a shareholder of Aristocrat, because their stock will have a lot of upside from Playtech in the next few years.
“Whoever buys the Playtech assets has a huge competitive advantage in B2B casino. B2B casino is really the next big thing after sports in the US, and more specifically live table games is what’s going to drive that.”
It was almost as if Playtech stole his thunder a couple of days later with its Aristocrat announcement, though the investor is clearly pleased with both outcomes nonetheless.
Ader’s full interview on both the Okada and Playtech deals will feature in this week’s GI Friday.
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