NOVOMATIC is the first Austrian gaming company to register in Las Vegas, Nevada – the largest Austrian investment in Australia is now ready for launch
All international regulatory confirmations are in place, allowing NOVOMATIC to move ahead with the acquisition of a 52 percent stake of the Australian gaming industry giant Ainsworth Game Technology Limited (AGT). The formal closing is planned for January 5, 2018. The approval involved intense scrutiny from multiple gaming boards, including in Australia, South America and the US. One of the authorities’ main tasks was to carry out comprehensive compliance checks, not just for NOVOMATIC itself, but also for all owners, Supervisory Board and Executive Board members.
“NOVOMATIC is now one of the few internationally active companies to have passed strict compliance checks from these international authorities. For this reason, a variety of independent licensing boards have said the deal can go ahead,” Harald Neumann, Chairman of the Executive Board at NOVOMATIC, is pleased to report. NOVOMATIC is particularly proud of its successful registration with the Nevada Gaming Control Board in Nevada, US, which required strict testing. NOVOMATIC is now the first Austrian company to register in the gaming metropolis of Las Vegas. Neumann confirms: “The compliance tests carried out as part of this registration were extremely thorough. They included all corporate divisions of NOVOMATIC AG.”
The purchase of shares in AGT at over EUR 300 million is, to date, the largest investment an Austrian company has ever made in Australia. “Our shares in Ainsworth are strategically very important for NOVOMATIC,” added Neumann. After all, the plan is to use this acquisition to increase market share in the US to about 10 percent over the next five years. In the long-term, NOVOMATIC may become the world market leader in the area of gaming technology.
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Further expansion of NOVOMATIC UK’s leading position in a core market: NOVOMATIC is now the largest AGC operator in the UK.
NOVOMATIC, Europe’s leading gaming technology group, has announced the acquisition of 100 percent of the shares of Talarius Ltd. With the closing of this transaction, NOVOMATIC continues its growth strategy and now employs more than 3,800 employees in its important core market, the UK.
“We have recognized the potential of Talarius and identified an opportunity for growth regarding the synergies stemming from the local infrastructure. With this transaction, we are able to further expand our market share in the UK, one of the largest European gaming markets”, said NOVOMATIC CEO Harald Neumann.
In the UK, Talarius operates more than 7,500 gaming terminals in 162 operations and employs around 1,000 staff. In 2015, Talarius achieved a turnover of around 65.5 million GBP. Following this transaction, NOVOMATIC is now the largest gaming operator in the segment “Adult Gaming Centers” in the UK.
Recently, the NOVOMATIC UK Group successfully completed an eight-month audit of the UK Gambling Commission. All companies of the Group have passed this audit with distinction.