Green light for NOVOMATIC investment in Casinos Austria AG
Subtitle: The Annual General Meeting of CASAG confirms the acquisition of shares in the amount of 17.2 percent
Gumpoldskirchen, 14 December 2016 (OTS) - NOVOMATIC, Europe's leading gaming technology company, announced that today's resolution of the Annual General Meeting of Casinos Austria AG (CASAG), according to which the conditions precedent for the acquisition of the shares of MTB private foundation in the Casinos Austria AG in the amount of 17.2 percent have been met, paves the way for an effective takeover of the shares.
NOVOMATIC CEO Harald Neumann: "The entry of NOVOMATIC as a new Austrian shareholder is an important step for a stable and sustainable core shareholder structure for the Casinos Austria Group. As a leading international and globally recognized gaming technology company we are interested in a valuable investment and positive development of CASAG."
NOVOMATIC further announces that it has transferred an indirect share of Österreichische Lotterien GmbH (ÖLG) amounting to 11.56 percent to the Austrian Gaming Holding a.s. belonging to the SAZKA Group and that it thereby remains a shareholder in ÖLG with a total share of less than 25 percent.
The NOVOMATIC Group is one of the biggest international producers and operators of gaming technologies and employs more than 24,000 staff worldwide. Founded by entrepreneur Professor Johann F. Graf in 1980, the Group has locations in more than 50 countries and exports high-tech electronic gaming equipment and solutions to 80 countries. The Group operates more than 235,000 gaming terminals in its some 1,600 plus gaming operations as well as via rental concepts.
Through its numerous international subsidiaries the NOVOMATIC Group is fully active in all segments of the gaming industry and thus offers a diversified omni-channel product portfolio to its partners and clients around the world. This product range includes land based gaming products and services, management systems and cash management, online/mobile and social gaming solutions as well as lottery and sports betting solutions together with a range of sophisticated ancillary products and services.