Interblock has announced a significant acquisition of Aruze Gaming's EGT product line, a move that it sees as pivotal for its growth strategy. This acquisition will not only bolster Interblock's portfolio but will also add over 700 employees to its workforce. As the transaction approaches closure, more details are to be revealed. Kirkland & Ellis LLP is representing Interblock in this deal.
Chief Executive John Connelly remarked, "The Aruze acquisition creates a significant portfolio of innovative synergies we intend to bring to the market before the end of this calendar year. Aruze Gaming provides us with a new level of diversity we feel will accelerate our vision to make Interblock synonymous with table game technology. As we continue to differentiate ourselves in the gaming industry, 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.”
This deal follows another recent transaction where Play Synergy acquired Aruze’s land-based and online slot operations, a deal expected to close within the next 30 days. These sales come after Aruze filed for bankruptcy in February, a decision attributed by CEO Yugo Kinoshita to a garnishment judgment stemming from a ruling against Aruze’s shareholder. Additionally, Aruze is closing its Las Vegas office, which will lead to approximately 100 job losses.
