{"id":66996,"date":"2018-01-10T15:00:50","date_gmt":"2018-01-10T23:00:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=66996"},"modified":"2018-08-16T10:59:58","modified_gmt":"2018-08-16T17:59:58","slug":"novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/","title":{"rendered":"Novomatic Finalizes Purchase of Controlling Interest in Ainsworth Game Technology"},"content":{"rendered":"

Austrian casino manufacturer Novomatic has taken a controlling interest in Australian slot machine developer Ainsworth Game Technology, acquiring a 52 percent stake in the company.<\/p>\n

\"Ainsworth
Len Ainsworth has stepped down as the executive director of Ainsworth Game Technology following its acquisition by Novomatic. (Image: Dominic Lorrimer)<\/figcaption><\/figure>\n

The takeover comes following a Friday announcement by the two firms that they had received all of the necessary regulatory approvals to complete the acquisition.<\/p>\n

The relatively complex deal was first announced nearly two years ago, when Len Ainsworth, founder of Ainsworth Game Technology (AGT), agreed to sell 172.1 million shares to Novomatic for approximately AUD 473.3 million ($371 million).<\/p>\n

Deal Required Several International Approvals<\/strong><\/h2>\n

However, that deal was subject to regulatory scrutiny in a variety of jurisdictions. That included various regulatory boards in Australia, the United States, and South America.<\/p>\n

\u201cThe approval involved intense scrutiny from multiple gaming boards,\u201d Novomatic said in a press release last month. \u201cNovomatic is now one of the few internationally active companies to have passed strict compliance checks from these international authorities.\u201d<\/strong><\/p><\/blockquote>\n

The company made particular note of its regulatory approval from the Nevada Gaming Control Board<\/a>. Those approvals made Novomatic the first Austrian company ever to gain regulatory approval in Las Vegas.<\/p>\n

With the sale now completed, Len Ainsworth has resigned as the executive director of AGT. However, the company founder has agreed to stay on to help the company as a consultant for an additional year. He will also retain ownership of 1.87 percent of the company.<\/p>\n

Novomatic Hoping to Improve American Presence<\/strong><\/h2>\n

According to AGT Chairman Graeme Campbell, the acquisition by Novomatic<\/a> is a \u201chistoric and important day\u201d for the company.<\/p>\n

\u201cWe have a new, international, industry leading majority partner in Novomatic,\u201d Campbell said in a statement. \u201cAs 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\u2019s gaming markets.\u201d<\/strong><\/p>\n

Meanwhile, Novomatic Chief Technology Officer Thomas Graf said that his company hoped AGT could help them make gains in international markets \u2013 particularly in the United States. AGT just opened a new Las Vegas headquarters in 2016.<\/p>\n

\u201cWe are attracted to Ainsworth Game because of its superior gaming technology, clear industry expertise and impressive international footprint, especially in the U.S. market,\u201d Graf said.<\/p>\n

The potential to improve their standing in the United States appeared to be a major reason for Novomatic\u2019s interest in AGT. In a press release issued last month, the acquisition was described as being \u201cstrategically very important,\u201d and the company said it hoped to increase its US market share to about 10 percent over the next five years.<\/p>\n

Novomatic is already a company with plenty of international presence. The company employs 25,000 workers, and has installed 260,000 machines at 2,100 venues in 45 different countries. The firm also provides sports betting systems and lottery terminals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Austrian casino manufacturer Novomatic has taken a controlling interest in Australian slot machine developer Ainsworth Game Technology, acquiring a 52 percent stake in the company. The takeover comes following a Friday announcement by the two firms that they had received all of the necessary regulatory approvals to complete the acquisition. The relatively complex deal was […]<\/p>\n","protected":false},"author":42,"featured_media":66997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19,20],"tags":[],"acf":[],"yoast_head":"\nNovomatic Finalizes Purchase of Controlling Interest in Ainsworth Game Technology<\/title>\n<meta name=\"description\" content=\"Novomatic has acquired a 52 percent stake in Ainsworth Game Technology, a move it hopes will help improve its market share in the United States.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Novomatic Finalizes Purchase of Controlling Interest in Ainsworth Game Technology\" \/>\n<meta property=\"og:description\" content=\"Novomatic has acquired a 52 percent stake in Ainsworth Game Technology, a move it hopes will help improve its market share in the United States.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-10T23:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-16T17:59:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/01\/1491426371363.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"348\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/\",\"url\":\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/\",\"name\":\"Novomatic Finalizes Purchase of Controlling Interest in Ainsworth Game Technology\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/01\/1491426371363.jpg\",\"datePublished\":\"2018-01-10T23:00:50+00:00\",\"dateModified\":\"2018-08-16T17:59:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Novomatic has acquired a 52 percent stake in Ainsworth Game Technology, a move it hopes will help improve its market share in the United States.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/novomatic-finalizes-purchase-controlling-interest-ainsworth-game-technology\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/01\/1491426371363.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/01\/1491426371363.jpg\",\"width\":620,\"height\":348,\"caption\":\"Len Ainsworth has stepped down as the executive director of Ainsworth Game Technology following its acquisition by Novomatic. 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