GGRAsia – Novomatic pares stake in Ainsworth

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Novomatic pares stake in Ainsworth

Jul 30, 2018 Newsdesk Industry Talk, Latest News, Top of the deck

Novomatic pares stake in Ainsworth

Ainsworth Game Technology Ltd has announced a slight reduction of the stake in the company held by Novomatic AG, the controlling shareholder of the Australian slot machine maker.

In a Friday announcement, Ainsworth informed the Australian Securities Exchange that its major shareholder, Novomatic, and its owner, Johann Graf, had reduced their holding to 52.38 percent of the ordinary shares in Ainsworth – down from 53.58 percent – on May 8 this year.

Austria’s Novomatic completed its purchase of the major shareholding in Ainsworth for about AUD473.3 million (about US$350.06 million) in January after the deal was first proposed two years earlier.

Novomatic’s acquisition gave it access to new markets in Asia and the United States. At the time, Novomatic chief technology officer, Thomas Graf, said Ainsworth had “superior gaming technology, clear industry expertise and [an] impressive international footprint, especially in the U.S. market.”

Ainsworth announced earlier this month that it expected profit before tax in the financial year ended June to have been about AUD39 million, having previously forecast a profit of about AUD36 million.

Related articles

Novomatic Gaming Industries holdco...
Oct 10, 2018
Ainsworth’s Gladstone to quit as...
Sep 24, 2018

More news

Macau 3Q hotel price index up 9pct...
Oct 15, 2018
Gaming injects US$743mln capital into...
Oct 15, 2018

Still time for my son to help family: Kazuo Okada
Aug 20, 2018

A key to entrepreneur Kazuo Okada reasserting control over...
Universal Ent cannot survive without my vision: Okada
Aug 17, 2018

Entrepreneur Kazuo Okada (pictured) has told GGRAsia that...
Widus CEO looks to IPO, fresh expansion in the Philippines
Jul 06, 2018

The operator of the Widus Hotel and Casino at Clark...
Cambodia ripe for global casino brand: GMA’s Klebanow
Jun 11, 2018

Cambodia has some attributes that make it potentially...
IGT gaining traction in Asia Pacific: Walter Bugno
Jun 06, 2018

Global gaming supplier International Game Technology Plc...

Macau 3Q hotel price index up 9pct sequentially

Macau 3Q hotel price index up 9pct sequentially

Oct 15, 2018

Macau’s third-quarter tourist price index has increased by a modest 0.71 percent quarter-on-quarter. But the price index for accommodation rose by 9.14 percent sequentially “owing to higher hotel...

Gaming injects US$743mln capital into Macau last year

Gaming injects US$743mln capital into Macau last year

Oct 15, 2018

Universal Ent pledges US$18mln stock repurchase

Universal Ent pledges US$18mln stock repurchase

Oct 15, 2018

Not-so-Lucky Dragon casino auctioned Oct 30

Not-so-Lucky Dragon casino auctioned Oct 30

Oct 15, 2018