Australian gaming software maker Ainsworth Game Technology sells 52.52% of its shares. The Austrian concern Novomatic AG has already expressed a desire to acquire a share in the company.

The shares are held by Ainsworth founder Len Ainsworth. The entrepreneur spoke about his intention to transfer them to another owner on February 23rd. True, only now a worthy buyer was found. After the transaction, the Austrians receive more than half of the corporation’s securities.

The shares are sold through the Australian Stock Exchange. The cost of one is $ 2.75, the total amount is 475.3 million.

Who will the family business go to?

Novomatic buys over 50% of Ainsworth shares

Len Ainsworth said: "The independent directors of Ainsworth Game Technology have approved the decision to sell the shares I own."

Despite the sale of bonds, the businessman retains a small stake in the organization, keeping his position. By the way, Ainsworth’s wife Margaret owns a stake in the company. She pledged not to transfer her own 8.9% of shares to anyone, nor to make transactions.

“I am pleased with the sale of Novomatic securities. A global manufacturer is committed to supporting Ainsworth, our quality strategies for international growth. Companies aim to develop new, innovative products. Therefore, we hope this deal will help support the corporation, ”said the shareholder. This agreement enables Australians to achieve success, thanks to the support of a well-known company, to become more confident, to implement various projects, and to increase their potential.

Concern Novomatic is a well-known global manufacturer of gambling devices and online slots. Manages over 235 thousand video terminals, various gambling devices. The devices are located in thousands of different retail outlets around the world: entertainment halls, casinos. The organization has established itself well among bookmakers, is actively developing its own gambling products related to the mobile, online sector.

Ainsworth Game Technology is a successful developer of gambling products. Produces slots, gaming software, hardware.

Author: © Alexander Filipov

Categories: Gambling News