• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Novomatic takes controlling stake in Ainsworth: official

Jan 08, 2018 Newsdesk Industry Talk, Latest News, Top of the deck  


Novomatic takes controlling stake in Ainsworth: official

Austrian gaming equipment supplier Novomatic AG has completed the acquisition of a 52-percent stake in Australian slot machine maker Ainsworth Game Technology Ltd, the latter confirmed in a Friday filing to the Australian Securities Exchange.

Both firms had previously said the deal was scheduled to be concluded on January 5, after it was announced the agreement had received all relevant regulatory approvals.

It was in February 2016 that Len Ainsworth – Ainsworth Game’s founder – and Novomatic agreed the deal under which Mr Ainsworth was to sell 172.1 million ordinary shares to Novomatic, subject to regulatory and licence approvals. At the time, it was announced the offer from Novomatic was AUD2.75 (US$2.16) in cash per share, indicating a transaction valued at approximately AUD473.3 million.

Ainsworth Game said in a press release issued on Friday that Mr Ainsworth would still retain a 1.87 percent holding in Ainsworth Game.

“Given the completion of the sale, Mr Ainsworth has resigned as an executive director of Ainsworth Game effective immediately. Mr Ainsworth will continue to support Ainsworth Game as a consultant for a period of 12 months,” the document added.

“This is an historic and important day for Ainsworth Game, marking the next stage in our development,” the firm’s chairman, Graeme Campbell, said in a statement included in Friday’s release.

He added: “We have a new, international, industry leading majority partner in Novomatic. As shareholders recognised in voting in favour of the transaction, this partnership strengthens Ainsworth Game, providing us with the resources and support to leverage our highly regarded gaming technology and expertise to more effectively compete in the world’s gaming markets.”

Thomas Graf, Novomatic’s chief technology officer, said as quoted in the same release: “We are attracted to Ainsworth Game because of its superior gaming technology, clear industry expertise and impressive international footprint, especially in the U.S. market.”


  • tweet
Related articles
  • Ainsworth dividends off until market clarity: chairman
    Ainsworth dividends off until market...

    Oct 27, 2020  

  • August AGEM Index up 15pct from July
    August AGEM Index up 15pct from July

    Sep 07, 2020  

More news
  • Nüwa CoD Macau reopening delayed beyond Feb 8
    Nüwa CoD Macau reopening delayed...

    Jan 26, 2021  

  • Crane affirms 1Q dividend, reports 4Q 2020 profit
    Crane affirms 1Q dividend, reports 4Q...

    Jan 26, 2021  


Latest News

Nüwa CoD Macau reopening delayed beyond Feb 8

Nüwa CoD Macau reopening delayed beyond Feb 8

Jan 26, 2021  

Telephone enquiries about room bookings for the revamped Nüwa hotel at the City of Dreams (CoD) casino resort in Macau met on Monday several responses, including that the hotel’s relaunch had been...
Read More
Crane affirms 1Q dividend, reports 4Q 2020 profit

Crane affirms 1Q dividend, reports 4Q 2020 profit

Jan 26, 2021  

Macau CNY biz hit by mainland virus cases: analysts

Macau CNY biz hit by mainland virus cases: analysts

Jan 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The travel impediments [in mainland China] will lead to reduced visitation into Macau for the next few weeks at least, with Chinese New Year visitation being impacted"

Vitaly Umansky, Tianjiao Yu and Kelsey Zhu

Analysts at Sanford C. Bernstein Ltd



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Yokohama announces RFP timeline for casino bidYokohama announces RFP timeline for casino bid January 22, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us