Novomatic announces purchase agreement for Ainsworth shares

lenainsworthLeading global gaming technology group Novomatic, and Len Ainsworth, founder and majority shareholder of Ainsworth Game Technology (AGT), have announced that they have signed a purchase agreement for the shares of Len Ainsworth in AGT.

The 92-year-old gaming veteran will retain his role as chairman, and Novomatic expects to keep the stake at about 53 per cent and retain Ainsworth’s ASX listing. Billionaire Len Ainsworth will also donate a large chunk of the $473 million windfall to charity.

With the deal, Novomatic does not only set another milestone in its corporate history, but also significantly strengthens its market position; Ainsworth Games Technology is one of the leading manufacturers and suppliers of superior innovative gaming solutions in Australasia as well as in North and South America.

Mag. Harald Neumann, Novomatic CEO, said: “Through the planned share acquisition from Len Ainsworth, one of the top players in Australasia and in the USA, we will not only increase our market share in those continents, but will be consistently continuing our international growth strategy.

“The synergy transfer of know-how, contents, high-tech gaming equipment will allow us to further increase our potential in the worldwide gaming market.”

Check Also

Scientific Games unveils three new employees to its leadership team

Scientific games has strengthened its leadership team by announcing three new additions to the company.  …

German Länder eye gambling supervisory unit opportunities

Bundesrat debate has begun on which Länder (state) legislator should become the leading ‘supervisory authority’ …

William Hill to reshuffle leadership after O’Brien and Whitlam step down

William Hill continues to see a number of changes to its senior management after Ciaran …