Australian gambling machine maker Aristocrat Leisureannounced last week it is buying social casino games maker Big Fish Games in Seattle for $990 million. The pair will create a $155m settlement fund, of which CDI will contribute $124m, with a … The Australian gaming machine firm Aristocrat has closed an all-cash $990 million acquisition deal for Big Fish Games.

Aristocrat, Churchill Downs Settle $155 Million Big Fish Illegal Gambling Case. The Seattle-based company has a large portfolio of mobile, PC and online titles across genres such as casual and social casino.

Founded in 2002, Big Fish has grown to boast a diversified portfolio of games across three key digital game segments: Social Casino, Social Gaming and Premium Paid games. Churchill Downs Incorporated (CDI), the former owner of social gaming studio Big Fish Games, and Aristocrat Leisure, its current owner, have entered into an agreement in principle to settle two class-action suits related to the business. The settlement remains subject to … May 25, 2020, …

Australian casino firm Aristocrat Leisure has completed its $990 million purchase of Big Fish Games. Aristocrat has agreed to specifically release CDI of any and all indemnification obligations under the Stock Purchase Agreement dated November 29, 2017, between CDI, Aristocrat, and Big Fish …

Aristocrat Leisure Limited (Aristocrat) (ASX: ALL) today announced that it has entered into a binding agreement to acquire 100% of social gaming company Big Fish Games, Inc. (Big Fish) for a total consideration of US$990 million in cash, subject to customary completion adjustments, implying a multiple of 11.9x Adjusted EBITDA for the 12 months ending 30 September 2017 3. Churchill Downs (NASDAQ:CHDN) and Aristocrat Leisure (OTCPK:ARLUF) agree to settle two lawsuits over CHDN's sale of Big Fish Games to Aristocrat in 2018. CDI and Aristocrat create $155m fund to settle Big Fish claims. Aristocrat has agreed to specifically release CDI of any and all indemnification obligations under the stock purchase agreement dated November 29, 2017, between CDI, Aristocrat, and Big Fish Games arising from or related to the Kater and Thimmegowda litigations, including any claims of diminution of value of Big Fish Games and any claims by any person who opts out of the proposed …