× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 18 December 2017
Novomatic’s acquisition of AGT finally gets the go-ahead
By Caroline Watson
After two years of patiently waiting, Novomatic AG’s acquisition of Ainsworth Game Technology is finally set to conclude at the beginning of 2018, on the 5 January.

At the end of last week, Novomatic’s Chairman and Chief Executive, Harald Neumann confirmed the deal was set to be finalised after all the required regulatory approvals had been received.

The press release Novomatic posted, stated: “The approval involved intense scrutiny from multiple gaming boards, including in Australia, South America and the United States.

“Novomatic is now one of the few internationally active companies to have passed strict compliance checks from these international authorities.”

Back in 2016, Len Ainsworth, Founder of AGT, penned a deal with Novomatic to sell off his majority stake in the company.

Ainsworth agreed to sell 172.1 million ordinary shares to the Austria-based gaming technology company, for an estimated AUS$70m.

Neumann stated that the acquisition was intended to help the company increase its market share in the US to approximately 10% over the following five years.
RELATED TAGS: Industry | Mergers & Acquisitions | Legal & Regulatory | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age
READ MORE
PREMIUM CONNECTIONS