Social casino

Aristocrat buys Big Fish Games for $990m

Australian provider says the acquisition, combined with its Product Madness business, makes it the second largest social casino firm in the world 

Aristocrat has purchased social games business Big Fish Games from Churchill Downs for $990m in cash. The acquisition price implies a multiple of 11.9x adjusted EBITDA, and represents a hefty premium on the $885m paid by Churchill for Big Fish in 2014. Aristocrat said it will run Big Fish as a standalone business alongside Product…

Big Fish | Churchill Downs | Social casino