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Busy Week For #Novomatic

Monday, June 27, 2016 : A BUSY WEEK FOR NOVOMATIC
 
Gambling supplier takes on Talarius and moves in on the acquisition of 53 percent of Ainsworth Game Technology.
 
Novomatic, a major gambling supply company headquartered in Austria, has a busy M&A program, announcing this week that it has acquired the widespread UK Talarius adult gaming centres company, and has obtained shareholder approval for its acquisition of 53 percent of the Australian gambling supplier, Ainsworth Game Technology.
 
Tatts, the Australian gambling group which bought Talarius eight years ago announced Sunday that it has sold the 153-venue adult centres chain to the UK branch of Novomatic for A$210 million (GBP 116 million), which it would use to pay down debt.
 
Robbie Cooke, CEO of Tatts, acknowledged that despite three years of "intense effort to improve the performance of the business, it had struggled whilst in the Tatts stable. In 2015, Talarius contributed less than 2 percent of group earnings, he revealed.
 
Talarius operates 7,500 machines across its operation, with nearly 1,000 staff and a service centre and support HQ based at Milton Keynes, north of London. The company’s best-known brands are Quicksilver, Silvers and Winners. With the adult gaming centres already under Novomatic UK’s control, this bring the UK divisions list of adult gaming centres to 244.
 
Novomatic UK CEO Zane Mersich said the acquisition deal worked for a number of reasons, explaining: "...it’s a great fit both in a geographical sense as well as strategically and represents another important milestone for the UK group. We are now active in every commercial aspect of the UK gaming industry and we will seek to build upon this foundation successfully in the years to come.”
 
In regard to the Ainsworth Game Technology acquisition, Novomatic has announced that it has received the approval of Novomatic minority shareholders and will now proceed with its negotiations to obtain a 53 percent share in the Australian company.
 
Spokesmen said that the relationship with AGT would accelerate the Aussie companys development and create a stronger company with deeper product depth that would enable it to better compete against international gaming rivals.
 
Novomatic’s group chief executive officer Harald Neumann said that through Novomatic’s majority shareholding, AGT will benefit from collaboration across a range of markets that will be substantially positive for long-term shareholder wealth creation.
 
“We value the trust and support by the minority shareholders through the positive vote of approving the share transaction and will make every effort to meet their expectations," Neumann pledged. "We will commence implementing the binding commitments as outlined in the Notice of Meeting to crystalise the expected benefits of the relationship.”
 
AGT chief executive officer Danny Gladstone said his negotiating team looked forward to working with Novomatic on the completion of the transaction and delivering on the expected benefits for shareholders.



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Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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