What happened to Aristocrat Leisure Limited's share price?

The Aristocrat Leisure Limited ( ASX: ALL) share price has dropped into the red mid-morning, after opening in the green this morning. This comes after the company released more details on its $1.3 billion equity raise.

Who is Aristocrat Leisure?

Aristocrat Leisure Limited, together with its subsidiaries, operates as a gaming content and technology company in Australia and internationally.

Why is the aristocrat share price on watch today?

The Aristocrat share price will be on watch today after it revealed that one of its biggest rivals in the pursuit of Playtech has pulled out of the race.