GGRAsia – Novomatic Gaming Industries holdco merged to parent

Novomatic Gaming Industries holdco merged to parent

Oct 10, 2018 Newsdesk Industry Talk, Latest News, Top of the deck

The Novomatic AG subsidiary Novomatic Gaming Industries GmbH, which has acted as a holding company for a number of brands including United Kingdom-based slot machine maker Astra Games Ltd, has been merged into the parent, according to a circular carrying Monday’s date.

Austria’s Novomatic group has recently undergone a number of corporate changes, including acquisition of Australian slot machine manufacturer Ainsworth Game Technology Ltd. That deal formally closed in January.

In late August the Novomatic group said its first-half 2018 earnings before interest, tax, depreciation and amortisation rose to EUR318 million (US$366 million), 12.6 percent more than the prior-year period and the most on record, with the contribution of recently acquired businesses a factor in the good numbers.

Novomatic was founded in 1980 and now exports gaming equipment to more than 75 markets as stated on its corporate website. Group turnover in 2017 amounted to circa EUR2.5 billion according to company announcements.