Aristocrat Leisure has announced that it has agreed to acquire Awager Ltd (Awager), from funds managed by Oaktree Capital Management, L.P. for an undisclosed sum, subject to the receipt of regulatory pre-approvals.

Awager is a leading provider in the fast-emerging and regulated Live Slot Streaming segment.

Awager offers gaming operators a new digital channel to engage and entertain players, delivering a genuine, real-time casino gameplay experience leveraging a portfolio of third-party content. With innovative technology and exclusive distribution agreements with top iGaming platforms, Awager is already the clear market leader in the US, with significant scope for growth with the benefit of premium Aristocrat content and distribution networks, post-acquisition. The acquisition of Awager will bring new capabilities in line with our strategy.

Awager is headquartered in Israel, with around 75 employees based across Israel, Eastern Europe and the US. The transaction is currently expected to close in the coming months.